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?
Latest News
Canada's Big 5 bank CEOs pay rises 6.5% to $54M in 2018 Mar 14th
The chief executives of Canada's five largest banks collectively earned roughly $63.2 million in total compensation during the 2018 financial year, up about 12 per cent from the previous year..... More »
Motusbank Online Bank Launches With Low HELOC, Competitive GICs + MORE Apr 3rd
Motusbank, a subsidiary of Meridian Credit Union, has launched in Canada. First announced in February, a full range of banking and borrowing services are now available on its website, motusbank.ca.
As an online-only bank, Motusbank can be accessed via its mobile app on the Apple App Store and Googl.... More »
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 »
How to fight back against rising bank fees on chequing accounts Jan 22nd
Canada’s big banks continue to hike personal bank fees. Many banks are also making it more difficult to avoid one of the largest and most irritating fees — that pesky chequing account charge..... More »
European banks face crisis of confidence as economy sputters along Jul 9th
Banks can’t recover without stronger economy, while economy can’t recover without stronger banks
.... More »
Japan’s finance minister pledged to crack down on lenders that fail to sever links with organized crime as lawmakers grilled him Wednesday over mob loans by banks and other financial institutions.
