Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best high-interest savings accounts in Canada for 2024 + MORE Jul 18th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Is now the time for retirees to sell stocks and buy GICs? Mar 4th
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
Are GICs a good.... More »
Kerry's Peculiar Message About Iran for European Banks + MORE May 13th
Why is Washington pushing banks like mine to do what is still illegal for American banks?.... More »
TD Bank Q3 2017 Earnings + MORE Sep 1st
The Globe and Mail, James Bradshaw, 31 August 2017
Toronto-Dominion Bank put an exclamation point on a strong third quarter for Canadian banks with a 17-per-cent leap in profit fuelled by strong results in Canada and the United States.
All six of Canada's biggest banks surpassed analysts' expectat.... More »
Inflation's return could shock a generation that's never seen it: Don Pittis Jan 29th
There are warnings that inflation may be creeping back. The question is how seriously central banks will want to fight it..... More »
Market nears 5th week of gains
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks are up in midday trading, putting them on track to extend a winning streak that has erased most of this year’s early losses.
Banks are moving higher Friday after JP Morgan Chase and Bank of America announced plans to buy back their own shares. JP Morgan rose 2 per cent.
Starwood Hotels and Columbia Pipeline Group are up on sale talks.
The Dow Jones industrial average rose 102 points, or 0.6 per cent, to 17,584 as of 11:55 a.m. Eastern time.
The Standard & Poor’s 500 index rose 7 points, or 0.4 per cent, to 2,048, and it is now up slightly for the year. The Nasdaq composite rose 19 points, or 0.8 per cent, to 4,789.
The post Market nears 5th week of gains appeared first on Canadian Business – Your Source For Business News.
Banks are moving higher Friday after JP Morgan Chase and Bank of America announced plans to buy back their own shares. JP Morgan rose 2 per cent.
Starwood Hotels and Columbia Pipeline Group are up on sale talks.
The Dow Jones industrial average rose 102 points, or 0.6 per cent, to 17,584 as of 11:55 a.m. Eastern time.
The Standard & Poor’s 500 index rose 7 points, or 0.4 per cent, to 2,048, and it is now up slightly for the year. The Nasdaq composite rose 19 points, or 0.8 per cent, to 4,789.
The post Market nears 5th week of gains appeared first on Canadian Business – Your Source For Business News.
Is Your Debt Above Average?
– ratesupermarket.ca
Household debt levels are a hot topic this week, as new numbers reveal they are higher than ever across the nation – a key concern for our central bank, and the fuel behind Canada’s too-hot-to-touch housing markets. And it’s not just mortgages – a recent study finds credit card balances are on the rise, with the average Canadian owing more than $3k on their plastic. Read on for the full story.
Canadian Debt-to-Income Ratio Is Now 165%
Household debt levels are rising across the nation: the average Canadian now owes $1.65 for every dollar they earn, according to Statistics Canada, collectively owing a whopping $1.923 trillion – and $1.262 trillion of that is from mortgages. What does this mean for Canada’s recovering economy – and are you at risk as a consumer?
Read Penelope’s Blog | Canadian Debt-to-Income Ratio Is Now165%
National Credit Card Debt Hits 3-Year High
Is your credit card balance below the national average? A recent TransUnion report finds the average Canadian has racked up $3,610 on their plastic…
