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Before It’s Too Late! Best Credit Card Welcome Offers of June 2019 Jun 3rd
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that adds va.... More »
Canadian Car Sales on Road to Record High Oct 28th
Low interest rates and longer loan terms have fueled record auto sales in Canada, but the resulting run-up in auto loans could pose risks to the country’s banks and economy..... More »
Premarket: Monte dei Paschi bolsters European stocks, ECB looms + MORE Dec 7th
Banks lead European shares higher; oil dips on doubts over impact of OPEC deal
.... More »
Most actively traded companies on the TSX + MORE Sep 8th
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,630.67, up 152.36 points):
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.42, or 22.90 per cent, to $7.62 on 8.3 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Up 48 cents, or 5.88.... More »
The best TD credit cards in Canada 2021 May 31st
Before we talk about the best TD credit cards in Canada, let’s talk about TD. Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s big five banks. It offers a wide array of financial services including an impressive portfolio of mo.... More »
Myanmar awards first licenses to foreign banks in a half-century
– canadianbusiness.com
YANGON, Myanmar – Myanmar awarded licenses Wednesday to the first foreign banks allowed to operate in the country in a half-century.
Lenders from Japan, China and Australia were among the nine banks to receive licenses in a reform implemented after Myanmar emerged from dictatorship.
Those to receive licenses included Bank of Tokyo-Mitsubishi UFJ, Industrial and Commercial Bank of China and Australia and New Zealand Banking Group. Others were Sumitomo Mitsui Banking Corp., Mizuho Bank, Thailand’s Bangkok Bank, Singapore’s Oversea-Chinese Banking Corp. and United Overseas Bank and Malaysia’s Malayan Banking Bhd.
Each bank will be allowed to open one branch and cannot conduct retail banking. They can only lend to foreign investors in foreign currencies, not the local kyat, unless they partner with local bank, part of efforts to protect the fledgling domestic industry.
There were no U.S. or European lenders in the group announced by the Central Bank. Licenses went to banks among the 25 that already have representative offices in Myanmar, a group that includes no American or European lenders…
Lenders from Japan, China and Australia were among the nine banks to receive licenses in a reform implemented after Myanmar emerged from dictatorship.
Those to receive licenses included Bank of Tokyo-Mitsubishi UFJ, Industrial and Commercial Bank of China and Australia and New Zealand Banking Group. Others were Sumitomo Mitsui Banking Corp., Mizuho Bank, Thailand’s Bangkok Bank, Singapore’s Oversea-Chinese Banking Corp. and United Overseas Bank and Malaysia’s Malayan Banking Bhd.
Each bank will be allowed to open one branch and cannot conduct retail banking. They can only lend to foreign investors in foreign currencies, not the local kyat, unless they partner with local bank, part of efforts to protect the fledgling domestic industry.
There were no U.S. or European lenders in the group announced by the Central Bank. Licenses went to banks among the 25 that already have representative offices in Myanmar, a group that includes no American or European lenders…
Bank watchdog rejects interfering with lenders’ mortgage business
– theglobeandmail.com
Jeremy Rudin, head of the Office of the Superintendent of Financial Institutions, says it would be up to the Finance Minister to make changes to the risk assumptions of banks
