Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
What is a consumer proposal? How does it work? + MORE May 23rd
Getting trapped in a perpetual cycle of debt with seemingly no way out is one of the most stressful situations life can throw at you. For anyone looking for a way forward, experts say a consumer proposal can break the chain without the need for a bankruptcy filing.
While everyone’s debt toleran.... 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 »
Is YOUR Bank a Customer Service Winner? + MORE Aug 8th
What makes for a satisfied Canadian banking customer? According to The Canadian Retail Banking Customer Satisfaction Study, no-fee banking tops the list. The survey, now in its ninth year, was released this week by JD Power and Associates. In it, customers were asked to rank their level of satisfac.... More »
U.S. appeals court restores lawsuit naming RBC that alleges Libor interest rate manipulation + MORE Feb 23rd
Charles Schwab Corp. and several of its mutual funds allege banks, including JP Morgan Chase and Citibank, artificially suppressed the Libor rate between August 2007 and May 2010..... More »
The best Mastercard credit cards in Canada for 2024 + MORE Oct 18th
Credit card comparison tool
Compare Mastercard credit cards available in Canada using our interactive tool below. You can filter cards based on rewards value, annual fees, income requirements and more.
powered by
The best Mastercard credit cards in Canada
Mastercard is one of the .... More »
Moody’s cuts outlook for Canadian banks
– moneysense.ca
Moody’s Investor Services has cut its outlook for the Canadian banking system to negative due to an expected reduction of government support for the sector, but says it still believes the individual banks and the overall system are among the strongest in the world.
The outlook change is based on the Canadian government’s plans to shift more burden to the banks’ creditors — and away from taxpayers — in the event of a major financial crisis like the one in 2008-09, Moody’s analyst David Beattie said Tuesday.
But he said there’s no reason for the Canadian public to be alarmed by the “negative” outlook that Moody’s put on the banking system, replacing a “stable” outlook that had been in place since August.
“The Canadian banking system remains one of the highest-rated banking systems in the world,” Beattie said.
The New York-based agency’s ratings are intended as a guide to investors and institutional money managers. Ratings by Moody’s and other agencies are among the factors used by investors to determine bond prices and yields…
The outlook change is based on the Canadian government’s plans to shift more burden to the banks’ creditors — and away from taxpayers — in the event of a major financial crisis like the one in 2008-09, Moody’s analyst David Beattie said Tuesday.
But he said there’s no reason for the Canadian public to be alarmed by the “negative” outlook that Moody’s put on the banking system, replacing a “stable” outlook that had been in place since August.
“The Canadian banking system remains one of the highest-rated banking systems in the world,” Beattie said.
The New York-based agency’s ratings are intended as a guide to investors and institutional money managers. Ratings by Moody’s and other agencies are among the factors used by investors to determine bond prices and yields…
Private equity firms muscling in on Canadian banks’ commercial lending
– theglobeandmail.com
Small and mid-sized Canadian companies are targeted as firms are flush with cash to aid baby boomers who are looking to sell the businesses they built from scratch
