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?
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CBC, Radio-Canada to eliminate 800 jobs and some programming amid 'budget pressures' - National Post + MORE Dec 4th
CBC, Radio-Canada to eliminate 800 jobs and some programming amid 'budget pressures' National PostCBC/Radio-Canada to cut 10 per cent of workforce, end some programming as it faces $125M budget shortfall CBC NewsCBC says it is cutting 600 jobs, some programming as it slashes bu.... More »
Bank of Canada expected to raise its key rate for first time in nearly seven years + MORE Jul 12th
The Bank of Canada is expected to raise its key interest rate target for the first time in nearly seven years on Wednesday following signs the economy is well on the road to recovery after the crash in oil prices.
Low interest rates have helped fuel the housing market in recent years, incentivizing .... More »
The best GIC rates in Canada for 2024 Jun 20th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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MoneySense is an award-winning magazine,.... More »
Simplii Financial and BMO Warn of Data Breach; Customers Report Money Lost + MORE May 29th
If you bank with BMO or CIBC’s Simplii Financial, your account may have been compromised.
On Monday, both banks started to alert clients that “fraudsters” may have accessed sensitive account information. Simplii reported that up to 40,000 of their customers may have been affected while BMO de.... More »
What Should You Do With Your Tax Return? Apr 26th
Getting a bit of extra money is always a bonus, and it turns out the average tax return in Canada is around $1,600. In 2019 so far, the CRA reports the average tax return at $1,614. So if you get a refund, what should you do with it?
If you decide to invest it, what’s the best vehicle? A .... More »
Banks Cut Savings Account Rates Post BoC Announcement
– ratesupermarket.ca
Canadians were blindsided last week when the Bank of Canada announced it was cutting the interest rate to 0.75 per cent. Although most economists had been predicting a rate hike sometime in 2015, plummeting oil prices forced the hand of our central bank.
The Big Banks Stand Pat on Prime Rate
Reducing the overnight lending rate has a far-reaching impact that will be felt throughout the Canadian economy. The Bank of Canada’s hope is that lower interest rates will help jump start our stalling economy – but it’s a good news, bad news story for most Canadian consumers. Borrowers can expect to pay less on their debt repayments once the banks in turn cut their Prime rates (so far, RBC is the only lender to announce a Prime cut to 2.85 per cent, effective January 28) . While historically, banks have taken only days to cut Prime after a rate cut, no one has made a move yet. In fact, TD Bank has already publically announced it will not be lowering its prime rate in response to this month’s rate announcement…
Banks Cut Savings Account Rates Post BoC Announcement
– ratesupermarket.ca
Canadians were blindsided last week when the Bank of Canada announced it was cutting the interest rate to 0.75 per cent. Although most economists had been predicting a rate hike sometime in 2015, plummeting oil prices forced the hand of our central bank.
The Big Banks Stand Pat on Prime Rate
Reducing the overnight lending rate has a far-reaching impact that will be felt throughout the Canadian economy. The Bank of Canada’s hope is that lower interest rates will help jump start our stalling economy – but it’s a good news, bad news story for most Canadian consumers. Borrowers can expect to pay less on their debt repayments once the banks in turn cut their Prime rates (so far, RBC is the only lender to announce a Prime cut to 2.85 per cent, effective January 28) . While historically, banks have taken only days to cut Prime after a rate cut, no one has made a move yet. In fact, TD Bank has already publically announced it will not be lowering its prime rate in response to this month’s rate announcement…
CBC.caRCMP seek bank robbery suspect active in Saskatchewan, Alberta and BCCBC.caRCMP from Alberta, British Columbia and Saskatchewan are working together to identify a suspect in bank robberies across the three provinces. RCMP say the suspect is believed to have committed eight robberies since Dec. 1, 2014. In each incident, the …Mounties searching for suspect in 8 armed bank robberies across 3 provinces …Calgary HeraldSerial robber holds up 8 banks in 8 weeks across Western CanadaSaskatoon StarPhoenixAldergrove bank robbery suspect a modern-day Jesse JamesLangley TimesRegina Leader-Post -BCLocalNews -The Battlefords News-Optimistall 37 news articles »
CBC.caRCMP seek bank robbery suspect active in Saskatchewan, Alberta and BCCBC.caRCMP from Alberta, British Columbia and Saskatchewan are working together to identify a suspect in bank robberies across the three provinces. RCMP say the suspect is believed to have committed eight robberies since Dec. 1, 2014. In each incident, the …Mounties searching for suspect in 8 armed bank robberies across 3 provinces …Calgary HeraldSerial robber holds up 8 banks in 8 weeks across Western CanadaSaskatoon StarPhoenixAldergrove bank robbery suspect a modern-day Jesse JamesLangley TimesRegina Leader-Post -BCLocalNews -The Battlefords News-Optimistall 37 news articles »
RBC and BMO lower prime lending rates – CBC.ca
– news.google.ca
CBC.caRBC and BMO lower prime lending ratesCBC.caRoyal Bank and Bank of Montreal both dropped their prime lending rates late Tuesday, almost a week after the Bank of Canada cut its key lending rate. But the cut is smaller than what the central bank had announced. Royal Bank was the first of the big banks …RBC and BMO cut prime rate to 2.85 per cent, other banks expected to followCTV NewsRoyal Bank of Canada first Canadian bank to cut prime rateReuters CanadaRoyal Bank, Bank of Montreal cut prime to 2.85% from 3%The Globe and Mail (subscription)Toronto Star -Bloomberg -The Provinceall 181 news articles »
