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
Federal Reserve Bank in downtown Richmond marks 100th anniversary + MORE Nov 15th
RICHMOND, Va. – The Federal Reserve Bank of Richmond is marking its 100th anniversary.
Officials say the Richmond Fed opened on Nov. 16, 1914, in downtown Richmond with 16 employees. It was one of 12 reserve banks that opened in regions across the country.
The Richmond Fed serves the Fifth Fed.... More »
Russia’s ruble down 7 per cent after report shows economy shrinking for first time since 2009 + MORE Dec 29th
MOSCOW – The Russian currency extended its losses on Monday after a report showed the economy has started shrinking in annual terms for the first time since 2009 as the country is buffeted by falling oil prices and Western sanctions.
Meanwhile, the government, which has been scrambling to supp.... More »
The roots of organic farming lie in fascism Jan 23rd
The roots of organic farming in the United Kingdom can be traced to the fascism movement that began after the First World War. Rick Barrett/ambitious creative co, CC BY-SA
In 1927 Henry Williamson published Tarka the Otter, the story of an otter living in the Torridge River in Devon, U.K. Recognize.... More »
Deviating from Bank of Canada may be a good thing for banks + MORE Jul 17th
With the banks now taking Bank of Canada rate cuts as more of a guideline than a directive, their margins may be about to improve
.... More »
Get More Money From Your Main Bank + MORE Aug 22nd
Did you know: Canadians identify their “main bank” as the one where they keep their chequing account. 91% of consumers have one at their primary lender, according to our recent study. But things get foggier when it comes to why they signed up with their bank in the first place – in a rece.... More »
Montreal cafe among growing number of businesses turning to crowdfunding
– theglobeandmail.com
Banks wouldn’t offer La Tasse Gamine a loan after it was forced to close twice because of a broken main in front of the shop and a nearby arson attack.
From cafes to comic books, Canadian businesses turn to crowdfunding
– canadianbusiness.com
MONTREAL – It hasn’t been an easy ride for April Defalco and Stacey Bebbington since opening their kid-friendly cafe in 2010.
Six months after launching, La Tasse Gamine suffered flooding damage from a broken water main in front of their shop. They were forced to close for six weeks of repairs.
Then, last summer, after the business above their own was the target of an arson attack, the cafe was once again forced to shut its doors. The renovations — and some insurance wrangling —took eight months.
Now, like a growing number of Canadian entrepreneurs, Defalco and Bebbington are hoping an online fundraising campaign will allow them to keep their business running.
Banks weren’t interested in offering up a loan to a business that had closed several times over the past three years, so they decided to turn directly to their customers, Bebbington said.
La Tasse Gamine is trying to raise $15,000 on the site Gofundme to help pay the rent and staff. So far, it has raised about $3,000…
Six months after launching, La Tasse Gamine suffered flooding damage from a broken water main in front of their shop. They were forced to close for six weeks of repairs.
Then, last summer, after the business above their own was the target of an arson attack, the cafe was once again forced to shut its doors. The renovations — and some insurance wrangling —took eight months.
Now, like a growing number of Canadian entrepreneurs, Defalco and Bebbington are hoping an online fundraising campaign will allow them to keep their business running.
Banks weren’t interested in offering up a loan to a business that had closed several times over the past three years, so they decided to turn directly to their customers, Bebbington said.
La Tasse Gamine is trying to raise $15,000 on the site Gofundme to help pay the rent and staff. So far, it has raised about $3,000…
