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
At the open: TSX flat as energy stocks fall, banks push higher + MORE Jan 18th
Strong China data cranks up pressure on bond markets
.... More »
Will Ottawa accept voluntary plan to cut interchange fees? Oct 30th
(Kali Nine LLC/Getty Images)
OTTAWA – The federal government’s battle to lower the fees retailers pay to use credit cards — and theoretically cut costs for consumers — may be coming to an end.
Ottawa could announce an agreement among the credit card companies, big banks and the Competition B.... More »
Canada’s Best Visa Credit Cards 2022 Jun 2nd
When consumers shop for a new credit card, they typically look at the ability to collect points, the insurance coverage offered, fees and interest rates on unpaid balances—not at the credit card company itself. But if you already have an account with RBC, CIBC, Scotiabank or any other Visa issuers.... More »
EQ Bank Review: The Best Place to Save Your Money? Feb 18th
It’s been a few short years since EQ Bank emerged onto the landscape of Canadian online banks. But while they may seem like the new kid on the block, their roots run much deeper.
Who Owns EQ Bank?
EQ Bank is brought to you by Equitable Bank, which has been providing residential and commercial lend.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of July 2019 Jul 5th
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 .... More »
NADA: Used-car prices for newer models likely to drop this year; 5 to 8 year old cars stable
– canadianbusiness.com
NEW ORLEANS – Boosted by rising employment, home values and housing construction, Americans will buy 16.4 million new cars and light trucks this year.
That’s the prediction from the National Automobile Dealers Association, which is meeting in New Orleans.
Economist Steve Szakaly (ZAK-uh-lee), says the 5.8 expected increase will mark the sixth year of recovery from the financial crash and automotive bankruptcies.
Jonathan Banks, analyst for the group’s Used Car Guide, says those years of new-car buying and leasing will push prices down for recent-model used cars and trucks, averaging 2.5 per cent less than last year’s prices. He says 5- to 8-year-old vehicles remain scarce because few people bought cars during the recession. Those prices are likely to be flat.
He says used-car prices are likely to be slightly lower than last year’s.
The post NADA: Used-car prices for newer models likely to drop this year; 5 to 8 year old cars stable appeared first on Canadian Business.
That’s the prediction from the National Automobile Dealers Association, which is meeting in New Orleans.
Economist Steve Szakaly (ZAK-uh-lee), says the 5.8 expected increase will mark the sixth year of recovery from the financial crash and automotive bankruptcies.
Jonathan Banks, analyst for the group’s Used Car Guide, says those years of new-car buying and leasing will push prices down for recent-model used cars and trucks, averaging 2.5 per cent less than last year’s prices. He says 5- to 8-year-old vehicles remain scarce because few people bought cars during the recession. Those prices are likely to be flat.
He says used-car prices are likely to be slightly lower than last year’s.
The post NADA: Used-car prices for newer models likely to drop this year; 5 to 8 year old cars stable appeared first on Canadian Business.
