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
Boomer generation to inherit an estimated $750 billion + MORE Jun 6th
TORONTO – One of Canada’s big banks estimates that $750 billion will be inherited by members of the Boomer generation over the next decade.
CIBC says there are currently about 2.5 million Canadians over the age of 75 with a total net worth of $900 billion or more.
Are there ways to avoid tax on .... More »
Big May Money: 4 Cash Offers You Can’t Afford to Miss! May 13th
Big news – May marks RateSupermarket’s 6th birthday (I know… we’re growing up so fast!). To celebrate, we’re hosting our biggest offer bonanza EVER – and you’re the one scoring the presents! Cash in with a better rate, check out our great free gift card offers – or enter.... More »
The best GIC rates in Canada for 2024 Jul 23rd
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare highest rates
Why trust us
MoneySense is an award-winning.... More »
The best GIC rates in Canada for 2024 Jun 13th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare now
Why trust us
MoneySense is an award-winning magazine,.... More »
CIBC raises dividend following better than expected first quarter Feb 22nd
TORONTO _ The Canadian Imperial Bank of Commerce set the tone for banks’ earnings season with a dividend hike and better-than-expected first-quarter net income, helped by a boost in earnings in its U.S. division as it looks to expand south of the border amidst slowing mortgage growth at home.
.... More »
Why the U.S. influence on Canadian yields might really hurt this time
– theglobeandmail.com
Rising rates force banks to pay more for funding, which leads to higher loan and mortgage rates
INFOGRAPHIC: Busting The Top Travel Insurance Myths
– ratesupermarket.ca
Packing your bags for a long-awaited late summer vacation? Don’t leave home without the right travel insurance! Getting sick or injured in another country – or even out of your home province – can cost tens of thousands of dollars – yet 36 per cent of vacationers say falling ill isn’t a major concern.While travel insurance may seem an annoying add on, paying an arm and a leg for foreign medical care will make you feel really sick. Check out the infographic below, the latest edition of RateSupermarket.ca’s Cost Of study, to bust the biggest misconceptions about travel insurance, and how you can save on your premiums.
Click here to compare travel insurance
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<!– Busting the Top Travel Insurance Myths – RateSupermarket.ca starts–><!– Busting the Top Travel Insurance Myths – RateSupermarket.ca ends–>
Save even more on your travel costs! Renting a car while out of town? Check with your credit card company before signing on the dotted line…
Banks, bond insurers, employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent are expected to legally file their objections to the largest municipal bankruptcy in U.S. history.
Preview of Banks’ Q3 2013 Earnings
– financialsector.blogspot.com
Scotia Capital, 19 August 2013
Banks begin reporting third quarter earnings on August 27. We expect underlying operating earnings to increase 4% YOY and 3% QoQ. Our earnings estimates are in line with consensus. ROE 17.0% (18.0% excluding TD), RRWA at 2.25% (2.31% excluding TD).
Implications
• We expect Wholesale
earnings to remain strong, up slightly both sequentially and YoY. Domestic/Retail
