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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Making sense of the markets this week, October 31, 2021 Oct 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Scotiabank says 8 rate hikes are on the way
Scotiabank’s Derek Holt shared that we could see eight rate hikes in Canada over the next two years. That is ag.... More »
Canada’s best Mastercard credit cards for 2023 Jan 3rd
Mastercard is one of the most widely accepted credit cards in the world, and its association with the Bank of Montreal and status as the only card you can use at Costco make it a strong choice for everyday spending. Whatever you need in a credit card—whether it’s opportunities to earn cash or re.... More »
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 »
The best high-interest savings accounts in Canada for 2023 + MORE Jun 15th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The rates i.... More »
#5: Brane Inc. Feb 7th
In the unpredictable world of cryptocurrency, Brane has become a safe haven. The financial-technology company’s mission is to demystify the confusing and ever-changing landscape of digital assets—blockchain, crypto and non-fungible tokens included—for its largely conservative clientele.
Sin.... More »
Making sense of the markets this week: April 5, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Serious concerns over the Canadian housing bubble
BMO has sounded the alarm with strong warnings about what many are calling a housing bubble in Canada. In fact, it’s on fire. From a Yahoo! Finance post…
“One of Canada’s biggest banks is calling on policymakers to act immediately as a ‘fire department’ for blazing housing markets.
“Bank of Montreal (BMO) senior economists laid out a series of recommendations in a new report titled Canadian Housing Fire needs a response and rated how effective a number of those measures would be.”
Some areas across the country are experiencing year-over-year price gains in the area of 30% to 35%. There is a low inventory and a shift in demand thanks to the pandemic. Low borrowing costs are adding fuel to the fire.
BMO said the most acute problem is market psychology, even as supply-side issues persist. “The action needed today is one that immediately breaks market psychology and the belief that prices will only rise further…
Serious concerns over the Canadian housing bubble
BMO has sounded the alarm with strong warnings about what many are calling a housing bubble in Canada. In fact, it’s on fire. From a Yahoo! Finance post…
“One of Canada’s biggest banks is calling on policymakers to act immediately as a ‘fire department’ for blazing housing markets.
“Bank of Montreal (BMO) senior economists laid out a series of recommendations in a new report titled Canadian Housing Fire needs a response and rated how effective a number of those measures would be.”
Some areas across the country are experiencing year-over-year price gains in the area of 30% to 35%. There is a low inventory and a shift in demand thanks to the pandemic. Low borrowing costs are adding fuel to the fire.
BMO said the most acute problem is market psychology, even as supply-side issues persist. “The action needed today is one that immediately breaks market psychology and the belief that prices will only rise further…