Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
The Future of FinTech + MORE Nov 6th
The way we manage our money – from the bank branch to the checkout lane – is rapidly changing in Canada. New tap technology, automated investments and biotech solutions have traditional bankers scrambling to keep up – how can consumers navigate this ever-changing financial reality.... More »
CMHC wants banks to pay deductible on mortgage insurance + MORE Mar 16th
Canada Mortgage and Housing Corporation is continuing to explore the possibility of forcing banks to shoulder more of the risk associated with home mortgage loans..... More »
Bank fees: Everything you need to know before switching to a no-fee account Jul 29th
With the recent news that bank fees have increased during the pandemic and challenger banks like Neo Financial promising no fees on accounts, switching banks may be at the forefront of your mind. But having a good understanding of bank fees—what they are, how they’re determined and the kind of s.... More »
Business Highlights Aug 8th
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Steady US job gains likely foretell a new era: Higher rates
WASHINGTON (AP) — A new era of higher rates on home and car loans, steeper borrowing costs for businesses and the government — maybe even a bit more return for savers — is about to arrive.
That, at least, is the word from most eco.... More »
Home Capital woes sideswipe shares of smaller banks May 28th
Laurentian and Canadian Western Bank, which both report results this week, deserve a second look
.... More »
Most actively traded companies on the TSX
– canadianbusiness.com
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,620.07, down 5.25 points):
Coalspur Mines Ltd. (TSX:CPT). Miner. Down half a cent, or 33.33 per cent, to one cent on 13.4 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Down 15 cents, or 3.40 per cent, to $4.26 on 7.5 million shares.
Long Run Exploration Ltd. (TSX:LRE). Oil and gas. Down 11 cents, or 6.15 per cent, to $1.68 on 7.5 million shares.
Whitecap Resources Inc. (TSX:WCP). Oil and gas. Up 18 cents, or 1.58 per cent, to $11.56 on seven million shares.
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Down 40 cents, or 2.90 per cent, to $13.40 on 6.6 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down seven cents, or 2.66 per cent, to $2.56 on 5.5 million shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Down $1.87, or 2.25 per cent, to $81.42 on 2.7 million shares. BMO kicked off the banks’ fourth-quarter earnings season with profits that were weaker than analysts expected…
Toronto Stock Exchange (14,620.07, down 5.25 points):
Coalspur Mines Ltd. (TSX:CPT). Miner. Down half a cent, or 33.33 per cent, to one cent on 13.4 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Down 15 cents, or 3.40 per cent, to $4.26 on 7.5 million shares.
Long Run Exploration Ltd. (TSX:LRE). Oil and gas. Down 11 cents, or 6.15 per cent, to $1.68 on 7.5 million shares.
Whitecap Resources Inc. (TSX:WCP). Oil and gas. Up 18 cents, or 1.58 per cent, to $11.56 on seven million shares.
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Down 40 cents, or 2.90 per cent, to $13.40 on 6.6 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down seven cents, or 2.66 per cent, to $2.56 on 5.5 million shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Down $1.87, or 2.25 per cent, to $81.42 on 2.7 million shares. BMO kicked off the banks’ fourth-quarter earnings season with profits that were weaker than analysts expected…
Quebec finds additional $600 milllion in cost-cutting on road to balanced budget
– canadianbusiness.com
QUEBEC – Quebec is imposing an additional $600 million in tax increases and other revenue-generating measures in its zero-deficit drive.
Finance Minister Carlos Leitao is hoping to balance the province’s balance sheet by fiscal 2015-16.
Leitao issued an economic update in Quebec City on Tuesday and said his government hopes to save $338 million in tax credits that were destined for banks, insurance companies and research centres.
A tax credit on union dues will also be reduced, bringing in an additional $112 million to goverment coffers.
Vehicle registration fees will increase, as will payroll taxes for financial institutions.
Leitao also warned the government has only reached 85 per cent of its cost-cutting goal and that he must find another $1.1 billion in savings before the 2015-16 budget is tabled this coming spring.
Last spring, Philippe Couillard’s Liberals said that without a strict cost-cutting plan, Quebec’s deficit would have reached $7.3 billion by 2015-16…
Finance Minister Carlos Leitao is hoping to balance the province’s balance sheet by fiscal 2015-16.
Leitao issued an economic update in Quebec City on Tuesday and said his government hopes to save $338 million in tax credits that were destined for banks, insurance companies and research centres.
A tax credit on union dues will also be reduced, bringing in an additional $112 million to goverment coffers.
Vehicle registration fees will increase, as will payroll taxes for financial institutions.
Leitao also warned the government has only reached 85 per cent of its cost-cutting goal and that he must find another $1.1 billion in savings before the 2015-16 budget is tabled this coming spring.
Last spring, Philippe Couillard’s Liberals said that without a strict cost-cutting plan, Quebec’s deficit would have reached $7.3 billion by 2015-16…
