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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 »
A Review of Tangerine Investment Funds: Do They Measure Up? Aug 19th
With more and more Canadians moving towards low-fee investing options, banks and investment companies have had to step up their game, to deliver products that provide the right mix between price and performance.
In this review of Tangerine mutual funds, I’ll take a look at how one of Canada’s le.... More »
Romanians protest repayments for Swiss franc loans, blame the banks, urge new laws + MORE Jan 25th
BUCHAREST, Romania – Hundreds of people have protested in Romania against high repayments for Swiss franc loans, blaming the banks for offering deceptively cheap loans and calling on the government to regulate hard currency loans.
“The bank tricked us!” yelled up to 1,000 demonstra.... More »
The best GIC rates in Canada for 2025 + MORE Dec 29th
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union May 9th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
LIBOR and CDOR Scandal: What Investors Should Know
– ratesupermarket.ca
About a year-and-a-half ago, LIBOR went from being an obscure acronym from the world of international finance, to the name associated with the latest in a series of global financial scandals. While regulators are still sorting out precisely what happened – and the full implications – there are already some impacts being felt around the globe.
What is LIBOR?
First off, a brief primer on what LIBOR is. The acronym stands for London Interbank Offered Rate. It’s the rate an international collection of banks charge each other when exchanging various currencies. It’s one of many such exchange rates around the world – Canada has its own, the Canadian Dealer Offered Rate (CDOR); more on that in a moment – but the London rate is considered the global standard.
It’s calculated by averaging out the rate that as many as 18 different banks say they would have to pay in interest when borrowing funds. Trillions of dollars in credit card charges, mortgages, car loans, and other items are linked to the LIBOR rate…
LIBOR and CDOR Scandal: What Investors Should Know
– ratesupermarket.ca
About a year-and-a-half ago, LIBOR went from being an obscure acronym from the world of international finance, to the name associated with the latest in a series of global financial scandals. While regulators are still sorting out precisely what happened – and the full implications – there are already some impacts being felt around the globe.
What is LIBOR?
First off, a brief primer on what LIBOR is. The acronym stands for London Interbank Offered Rate. It’s the rate an international collection of banks charge each other when exchanging various currencies. It’s one of many such exchange rates around the world – Canada has its own, the Canadian Dealer Offered Rate (CDOR); more on that in a moment – but the London rate is considered the global standard.
It’s calculated by averaging out the rate that as many as 18 different banks say they would have to pay in interest when borrowing funds. Trillions of dollars in credit card charges, mortgages, car loans, and other items are linked to the LIBOR rate…
Target Corp and Trustwave Holdings Inc, which provides credit card security services, have been sued by two banks for “monumental” losses they say card issuers will face because of the retailer’s holiday season data breach.
How your voice could become a password for banking on your smartphone
– canadianbusiness.com
MONTREAL – With passwords and PINs increasingly being targeted by hackers, speaking could become a new method to access secure accounts.
Voice biometrics — technology that knows who you are based on your voice characteristics — is already being used by banks and telecom companies globally for better security, says Brett Beranek of software company Nuance Communications.
“Our voices are unique to us, just like our DNA or our fingerprints or our iris,” says Beranek, solutions marketing manager at U.S.-based Nuance’s Montreal office.
Beranek says one of the first ways consumers will likely be exposed to voice biometrics is through mobile apps for banking.
“Typing in an alpha-numeric password to access your bank app is a pain, to say the least,” he says.
“Saying something like, ‘My voice, my password’ just makes a lot of sense.”
Customers may also find using their voice easier than remembering complicated passwords, or being asked personal questions to identify themselves, he says…
Voice biometrics — technology that knows who you are based on your voice characteristics — is already being used by banks and telecom companies globally for better security, says Brett Beranek of software company Nuance Communications.
“Our voices are unique to us, just like our DNA or our fingerprints or our iris,” says Beranek, solutions marketing manager at U.S.-based Nuance’s Montreal office.
Beranek says one of the first ways consumers will likely be exposed to voice biometrics is through mobile apps for banking.
“Typing in an alpha-numeric password to access your bank app is a pain, to say the least,” he says.
“Saying something like, ‘My voice, my password’ just makes a lot of sense.”
Customers may also find using their voice easier than remembering complicated passwords, or being asked personal questions to identify themselves, he says…
