The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best GIC rates in Canada for 2024 + MORE Oct 8th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Consumer watchdog launches bank review in wake of CBC stories - CBC.ca + MORE Mar 15th
CBC.caConsumer watchdog launches bank review in wake of CBC storiesCBC.caCanada's top consumer watchdog says it is reviewing business practices at Canada's federally-regulated charter banks starting next month, following a CBC investigation that has uncovered reports of troubling sales pra.... More »
Canadian Banks Take a Credit Rating Hit from Moody’s + MORE May 18th
The credit ratings of Canada’s Big Six banks have been taken down a notch, reflecting our nation’s high level of household debt and housing prices.
Last week, credit ratings agency Moody’s Investor Service announced that Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadi.... More »
The best GIC rates in Canada for 2024 + MORE Jun 10th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Financial Institution Numbers for All Canadian Banks Apr 1st
You can identify Canadian financial institutions by their bank institution number, which is always three digits long. Bank customers need this number anytime they want to set up a direct deposit or preauthorized payment or receive a wire transfer into their account.
How to Locate Canadian Bank Insti.... More »
Italian banks in focus as Europe shrugs off Brexit – for now
– canadianbusiness.com
MILAN – About a month on from Britain’s vote to leave the European Union, there’s little evidence that economic activity across the continent has been derailed yet.
That’s some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate to Italy, the bloc’s third-largest economy. The country has to shore up its banks — and will get some idea Friday of the scale of the problem when regulators publish the results of EU-wide bank stress tests.
Separate figures Friday will also show how the eurozone economy was faring in the run-up to the British vote. Analysts estimate that the quarterly growth rate halved to 0.3 per cent in the second quarter compared with the first for a variety of reasons, including the pick-up in the price of oil, concerns over a slowdown in China and uncertainty ahead of the British referendum on June 23.
No doubt the vote for so-called Brexit has proven a shock to many and a jolt to the European project of political integration…
That’s some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate to Italy, the bloc’s third-largest economy. The country has to shore up its banks — and will get some idea Friday of the scale of the problem when regulators publish the results of EU-wide bank stress tests.
Separate figures Friday will also show how the eurozone economy was faring in the run-up to the British vote. Analysts estimate that the quarterly growth rate halved to 0.3 per cent in the second quarter compared with the first for a variety of reasons, including the pick-up in the price of oil, concerns over a slowdown in China and uncertainty ahead of the British referendum on June 23.
No doubt the vote for so-called Brexit has proven a shock to many and a jolt to the European project of political integration…
Ersatz products leave scent maker’s nose out of joint
– theglobeandmail.com
Lotus Aroma banks on the purity of its essential oils and personal care products. How can it stand out in a crowded market against competitors masquerading as natural?
Canada’s banking regulator is requiring banks to conduct stress tests to determine how they would deal with a 50% downturn in Vancouver real estate prices and a 40% cut in Toronto home prices.
Some of Canada’s banks must stress test their ability to withstand a 50 per cent drop in housing prices in Metro Vancouver area and a 40 per cent drop in the Greater Toronto Area, the country’s banking regulator says.
