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?
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BMO credit cards: A breakdown of the bank’s best cards 2021 Jan 13th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
The best 5-year fixed mortgage rates in Canada May 26th
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The close: TSX notches biggest gain in six weeks as banks, miners gain Apr 18th
Wall Street rallies in low volume led by banks, tech
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The best GIC rates in Canada for 2025 May 25th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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US banking giants pledge $30bn to prop up First Republic Bank - Al Jazeera English + MORE Mar 16th
US banking giants pledge $30bn to prop up First Republic Bank Al Jazeera EnglishBig banks create $30B rescue package for First Republic - Business News Castanet.netSeveral big U.S. banks come to the rescue of First Republic Bank CBC NewsFirst Republic Shares Whipsaw .... More »
The close: TSX gains as miners benefit from higher commodity prices
– theglobeandmail.com
S&P 500 ekes out gain while banks drag on Dow
New investment disclosures lack detail
– moneysense.ca
New disclosure rules promised to provide investors more clarity on performance, charges and fees, but some financial institutions have decided to provide only the minimum information required.The new regulatory requirements are laid out in CRM2, the second phase of the Client Relationship Model adopted by the Canadian Securities Administrators. Under these rules financial institutions must now provide investors with two new reports. These reports are separate from the portfolio statements investors already receive and view online. While portfolio statements dazzle with tables and charts to illustrate performance, they leave out some crucial information. The new mandate attempts to fill in the gaps with one report focusing on performance and the other summarizing charges and compensation.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Clearer portfolio reports are coming, but will it stop dumb investment errors
The new rules state that financial institutions, like banks and discount brokerages, only have to provide investors with a one-year personal rate of return this year, regardless of how long the account has been open…
