Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Outlook 2018, Part 3: The writing on the wall: Housing, mortgages and Canada’s banks Jan 3rd
‘It could well be that the banks are already beginning to tighten up the lending spigots’
.... More »
Big banks set to reveal quarterly profits as NAFTA fears and rate hikes loom Aug 21st
The big Canadian banks are set to reveal their quarterly earnings over the next week, and investors will take a close look to see whether anxiety over higher interest rates and an uncertain trade environment are hurting the economy's prospects..... More »
As fees rise, banks count on your complacency: Mayers Aug 4th
When banks make changes to fee packages it is often hard to compare old with new. They’re counting on your inertia..... More »
Travel in Canada Grows Due to Weak Loonie Mar 8th
The low loonie hasn’t stopped Canadians from taking a well-deserved vacation – but we’ll be staying within the border to do so. A recent survey by Expedia finds many travellers are planning holidays on home soil to avoid hefty exchange rates, while others are taking shorter trips .... More »
Greece settles terms with EU to get $14B bailout for banks + MORE Nov 17th
Greece struck a deal with European creditors Tuesday on economic measures it needs to make to get its next batch of bailout money, including a €10 billion ($14.3 billion Cdn) cash injection for its crippled banks..... More »
Oil extends gains above $100 as Chinese credit growth suggests economy ticking steadily
– canadianbusiness.com
The price of oil extended gains above $100 a barrel Monday as a rebound in Chinese credit growth suggested steady demand in one of the world’s largest petroleum consumers.
Benchmark U.S. crude for March delivery was up 47 cents to $100.77 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 5 cents to close at $100.30 a barrel Friday.
Favourable credit growth numbers from China suggested its economy is avoiding a sharp slowdown, which would keep demand for energy steady.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
Brent crude, which is used to set prices for international varieties of crude, was down 1 cent to $109…
Benchmark U.S. crude for March delivery was up 47 cents to $100.77 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 5 cents to close at $100.30 a barrel Friday.
Favourable credit growth numbers from China suggested its economy is avoiding a sharp slowdown, which would keep demand for energy steady.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
Brent crude, which is used to set prices for international varieties of crude, was down 1 cent to $109…
Asia stocks rise after China reports strong credit growth, Japan private consumption higher
– canadianbusiness.com
BEIJING, China – Asian stock markets rose Monday after China’s bank lending in January beat forecasts and Europe reported stronger-than-expected economic growth.
The Shanghai Composite Index added 0.3 per cent to 2,122.9 and Tokyo’s Nikkei 225 gained 0.4 per cent to 14,369.78.
Hong Kong’s Hang Seng rose 1 per cent to 22,527.22. Seoul and Sydney also rose.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
“The January credit data could boost confidence in short term economic growth,” said Bank of America economists Ting Lu and Xiaojia Zhi in a report. However, they cautioned such data also might raise concerns about the health of China’s financial system…
The Shanghai Composite Index added 0.3 per cent to 2,122.9 and Tokyo’s Nikkei 225 gained 0.4 per cent to 14,369.78.
Hong Kong’s Hang Seng rose 1 per cent to 22,527.22. Seoul and Sydney also rose.
Lending by Chinese banks and in the largely unregulated underground market rebounded to 2.6 trillion yuan ($430 billion) in January from December’s 1.2 billion yuan, according to the central bank. Lending usually surges at the start of a new year but January’s rise exceeded forecasts and might help to ease worries about cooling retail sales, manufacturing and other activity.
“The January credit data could boost confidence in short term economic growth,” said Bank of America economists Ting Lu and Xiaojia Zhi in a report. However, they cautioned such data also might raise concerns about the health of China’s financial system…
