Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Making sense of the markets this week: August 30, 2021 Aug 28th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Big earnings from the big Canadian banks
The Big Six Canadian banks (Royal Bank of Canada, TD Bank, Scotiabank, BMO, CIBC and National Bank) released quarterly ear.... More »
Banks cutting variable mortgage rates to drum up business even as fixed rates rise May 18th
A number of Canadian lenders have slashed their variable mortgage rates in recent days, even as some of those same lenders are raising their fixed-rate mortgages..... More »
The best charities in Canada for 2024: Where to donate to make an impact Nov 13th
Donating to charities this year seems like a squeeze. Canadians face incredibly high expenses these days. It’s an affordability crisis, whether we’re talking housing, groceries or pretty much any other cost of living. The impact is severe.
In March 2024, Canadian food banks had more than 2 mi.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jul 7th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Advertisement
Why trust us
MoneySense is an.... More »
Federal consumer agency delays report on Canadian banks' sales practices Dec 30th
The Financial Consumer Agency of Canada won't be releasing the results of its review of business practices among Canada's major banks by the end of the year, as originally anticipated..... More »
Royal Bank has claimed top spot among Canada’s big five banks in J.D. Power’s latest retail banking customers satisfaction survey, with Tangerine taking the honours among the country’s mid-sized players for the fifth straight year.
Big banks, small dealers and the growing underwriting divide
– theglobeandmail.com
The share of new equity issuance in 2015 by bank-owned dealers was 73 per cent, according to IIAC. Five years ago, it was running at under 60 per cent.
Italian banks under glare as EU stress tests results due
– canadianbusiness.com
MILAN – The spotlight is on Italy’s troubled banks as regulators prepare to release the results Friday of stress tests of EU lenders that will show how much money the country’s financial sector, the most troubled in the region, needs to avoid rekindling a eurozone crisis.
Banks in several countries could be shown to be financially weak, but Italy’s are under particular scrutiny as they still lumber under 360 billion euros ($400 billion) in loans that aren’t being repaid.
Of the five big Italian banks being tested by the European Banking Authority, Monte dei Paschi di Siena is most notably expected to come up short. On the eve of the stress test, Monte dei Paschi’s board confirmed that it had rival proposals to save the world’s oldest bank. They reportedly involve the sale of non-performing loans and raising capital. Shares soared 7 per cent to 0.31 euros on opening Friday.
Concern over Europe’s banks has grown since Britain’s vote to leave the European Union has increased market jitters…
Banks in several countries could be shown to be financially weak, but Italy’s are under particular scrutiny as they still lumber under 360 billion euros ($400 billion) in loans that aren’t being repaid.
Of the five big Italian banks being tested by the European Banking Authority, Monte dei Paschi di Siena is most notably expected to come up short. On the eve of the stress test, Monte dei Paschi’s board confirmed that it had rival proposals to save the world’s oldest bank. They reportedly involve the sale of non-performing loans and raising capital. Shares soared 7 per cent to 0.31 euros on opening Friday.
Concern over Europe’s banks has grown since Britain’s vote to leave the European Union has increased market jitters…
In the battle between fintechs and banks, consumers are the winner
– theglobeandmail.com
The digital transformation of business has enormous potential for financial services, and for all consumers who are hungry for new experiences and enhanced convenience
