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
From banking to booze: Ontario gets its first ombudsman for beer Dec 23rd
TORONTO _ A former ombudsman at one of Canada’s big banks has been tapped to investigate complaints of a far more frothy nature: beer.
The Beer Store has appointed Charles Dougall as Ontario’s first beer ombudsman.
The foreign-owned consortium, which operates more than 470 retail outlets.... More »
Canada’s banks should share some mortgage risk. It’s only fair + MORE Aug 16th
Risk-sharing would force the banks to stash away some funds to safeguard against more mortgages in bad times
.... More »
Greek government concedes early elections likely, stock market suffers second day of losses Aug 4th
ATHENS, Greece – The Greek stock market is suffering a second day of losses since reopening, as the country’s left-wing government conceded that dissent within the ruling party was likely to force an early election.
The main index was down 4 per cent soon after the start of trading Tuesd.... More »
Warren Buffett Acquires $400 Million of Home Capital Shares + MORE Jun 29th
Warren Buffett, famed American investor and business guru, is coming to the rescue of Home Capital Group Inc., the Canadian alternative mortgage lender that has been in the news for months. Berkshire Hathaway, a subsidiary of Buffett’s company, has indicated it will buy $400 million worth of .... More »
Canadian Lenders Fret About Apple Pay + MORE Apr 17th
As talks heat up between Canada’s six biggest banks and Apple Inc. about launching Apple Pay north of the border, lenders here fret the mobile-payments service could deliver a blow to their credit-card revenues,.... More »
New Rogers Credit Card To Come In 2014
– ratesupermarket.ca
If you’re a typical Canadian consumer, you likely come in contact with at least one Rogers product a day; your mobile phone, your cable – even your skyline, if you’re a resident of the GTA. Now, the telecommunications giant is looking to enter your wallet too, with a new rewards credit card to be launched in 2014.
Rogers received the final authorization from OSFI this week, acquiring their banking license and officially paving the way to joining the sector. While they’re far from the first retailer to dabble in financial services – Canadian Tire and Walmart offer credit cards of their own – Rogers is the first telecommunications company to make the leap.
Points Will Save On Services And Upgrades
The new credit card will accompany Rogers’ loyalty program, which was launched in July and is currently being rolled out across Canada. The card will earn Rogers First Rewards points, which can then be cashed in on Rogers services and upgrades – a fairly practical money saving option as far as rewards go…
