Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Location a key factor in getting a cottage mortgage + MORE May 22nd
(Getty Images)
OTTAWA – Whether you call it a cottage, a cabin or a camp, when the temperature begins to rise, the dreams of sitting on the dock at a place of your own start this time of year.
But if you don’t have the cash on hand to buy one outright, you’ll have to borrow the money.
And whil.... More »
Free to Use, Free to Choose: Review of the Tangerine Money-Back Credit Card Mar 30th
There’s a new cash back contender in Canada’s credit card market, and it’s bringing a new level of choice to consumers. Tangerine’s Money-Back Credit Card has officially launched after a successful trial run, and it has created quite a buzz for its unique and flexible rewards structure.
Th.... More »
The best TD credit cards in Canada in 2025 Apr 5th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over .... More »
John Baird says sanctions lifted on 2 Russian banks after new information + MORE Sep 19th
Foreign Affairs Minister John Baird says Canada has removed two banks from its list of sanctions against Russia..... More »
Banks in Turkmenistan halt hard currency sales as economy suffers from drop in energy prices + MORE Jan 12th
ASHGABAT, Turkmenistan – Banks in the natural gas-rich Central Asian nation of Turkmenistan have halted hard currency sales as the economy shows signs of struggling amid falling global energy prices.
Employees at banks in the capital, Ashgabat, told customers Tuesday that the ban on the sale o.... More »
Philippine central bank raises overnight borrowing rate to pre-empt rise in inflation
– canadianbusiness.com
MANILA, Philippines – The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation.
The rate the central bank charges commercial banks for overnight borrowing was Thursday raised to 5.75 per cent.
Central bank Gov. Amando Tetangco says the decision was “a pre-emptive response to signs of inflation pressures and elevated inflation expectations.”
He says latest forecasts for inflation have shifted closer to the higher end of the 2015 target range of 2 to 4 per cent.
Tetangco cites higher food prices, short-term volatility in oil prices and pending power rate and transport fare increases as adding to risks.
Last month’s Inflation rate was 4.4 per cent, within government’s 2014 target.
The post Philippine central bank raises overnight borrowing rate to pre-empt rise in inflation appeared first on Canadian Business.
The rate the central bank charges commercial banks for overnight borrowing was Thursday raised to 5.75 per cent.
Central bank Gov. Amando Tetangco says the decision was “a pre-emptive response to signs of inflation pressures and elevated inflation expectations.”
He says latest forecasts for inflation have shifted closer to the higher end of the 2015 target range of 2 to 4 per cent.
Tetangco cites higher food prices, short-term volatility in oil prices and pending power rate and transport fare increases as adding to risks.
Last month’s Inflation rate was 4.4 per cent, within government’s 2014 target.
The post Philippine central bank raises overnight borrowing rate to pre-empt rise in inflation appeared first on Canadian Business.
