Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
What is a consumer proposal? How does it work? + MORE May 23rd
Getting trapped in a perpetual cycle of debt with seemingly no way out is one of the most stressful situations life can throw at you. For anyone looking for a way forward, experts say a consumer proposal can break the chain without the need for a bankruptcy filing.
While everyone’s debt toleran.... More »
How cash ETFs keep your money working Nov 25th
It’s a dilemma for many investors: you want to have cash set aside to hop on investment opportunities that might arise, but you also don’t want the money sitting in your portfolio not collecting any return. Enter cash exchange-traded funds. Experts say there is increasing demand for cash.... More »
U.S. Senate approves bill easing bank rules in step to rewrite reforms Mar 15th
Bill would ease tight restrictions on small banks and community lenders and includes a number of other provisions beneficial to all but the largest U.S. banks
.... More »
Inflation and investments: Heads up if you’re retired or retiring soon Jan 17th
The year 2022 was the one when inflation morphed from a minor concern to a major worry for investors, especially those hoping to retire sometime in the not-too-distant future. While central banks are well into their programs to curb inflation through periodic rises in interest rates, it could take t.... More »
Are your deposits at Canadian financial institutions safe? + MORE Jun 10th
Ask MoneySense
We live in Ontario, and in light of the current banking problems in the U.S., we are a bit concerned about our investments.
They are held at three different banks at the moment and are largely in GICs and high-interest savings accounts.
We are aware that up to $100,000 is insure.... More »
RBC’s record earnings look good, but problems persist in sector’s outlook
– theglobeandmail.com
Bank becomes first Canadian company to earn more than $10-billion in a fiscal year, though major challenges exist to Canadian banks moving forward
Business Highlights
– canadianbusiness.com
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Yellen confident in economy ahead of expected rate hike
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen on Wednesday indicated that the U.S. economy is on track for an interest rate hike this month, but she said the Fed will need to review incoming data before making a final decision.
Yellen gave an upbeat assessment of the economy’s progress, describing it as in line with its expectations for the labour market and inflation.But she added that policymakers need to be cautious in deciding when to start raising rates given that the Fed doesn’t have much room to cut them if the economy begins to falter.
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Fed says more consumer spending, housing boost US growth
WASHINGTON (AP) — The Federal Reserve says the U.S. economy grew at a modest pace this fall, lifted by higher consumer spending and more home sales and construction.
The Fed said Wednesday in its latest snapshot of the economy that nine of its 12 regional banks reported growth was modest or moderate from early October through mid-November…
Yellen confident in economy ahead of expected rate hike
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen on Wednesday indicated that the U.S. economy is on track for an interest rate hike this month, but she said the Fed will need to review incoming data before making a final decision.
Yellen gave an upbeat assessment of the economy’s progress, describing it as in line with its expectations for the labour market and inflation.But she added that policymakers need to be cautious in deciding when to start raising rates given that the Fed doesn’t have much room to cut them if the economy begins to falter.
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Fed says more consumer spending, housing boost US growth
WASHINGTON (AP) — The Federal Reserve says the U.S. economy grew at a modest pace this fall, lifted by higher consumer spending and more home sales and construction.
The Fed said Wednesday in its latest snapshot of the economy that nine of its 12 regional banks reported growth was modest or moderate from early October through mid-November…
