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
Rising Interest Rates Expected to Boost Bank Earnings & Payouts Aug 20th
The Globe and Mail, David Berman, 19 August 2018
Concerns about the Canadian housing market have been weighing on bank stocks this year, and it’s likely that these concerns will be a focal point for investors as the big banks roll out their fiscal third-quarter results starting this week.
Roya.... More »
Is your chequing account working hard enough? Jan 13th
Your chequing account could be the behind-the-scenes hero of your everyday banking activities, if you have the right one. The features can vary from bank to bank and financial institution to financial institution, so it makes sense to shop around if you’re opening a new chequing account or you wan.... More »
Computer Engineering Technology at Algonquin College Feb 2nd
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Maclean’s Education Hub »
(Dwayne Brown Studio/Algonquin College)
Algonquin College combines inno.... More »
Canadian banks tighten credit lines to energy firms amid weak oil prices Apr 13th
Struggling oil prices stoke fears among some of Canada’s biggest lenders that debt-saddled energy companies will default on loans they can no longer afford to service
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TD Bank Q3 2018 Earnings Aug 31st
The Globe and Mail, James Bradshaw, 30 August 2018
At TD, earnings from Canadian retail banking rose 7 per cent in the third quarter, to $1.85-billion. But profit from its extensive U.S. footprint rose 27 per cent, to $1.14-billion.
Toronto-Dominion Bank reported a 12-per-cent bump in third-quarte.... More »
Canadian consumers slow to accept mobile payments as banks look ahead
– theglobeandmail.com
White paper from six big banks finds the mobile payments industry is faced with a low acceptance rate by consumers: To date, contactless payments represent between 10 and 20 per cent of total transactions in Canada, but fewer than 25 per cent of consumers can use it
Read the deal Greece reached with eurozone leaders
– macleans.ca
LOUISA GOULIAMAKI/AFP/Getty ImagesBRUSSELS — After months of acrimony, Greece finally clinched a bailout agreement with its European creditors on Monday that will, if implemented, secure the country’s place in the euro and avoid financial collapse.
The terms of the deal, however, will be painful both for Greeks and their radical left-led government, which since its election in January had vowed to stand up to the creditors and reject the budget cuts they have been demanding.
Before it can get 85 billion euros ($95.07 billion) in bailout cash and support for its banks to reopen, the Greek government will have to pass a raft of austerity measures that include sales tax increases, reforms to pensions, and labour market reforms.
Greece will be on a tight timetable to implement its reforms — a reflection of how little its creditors trust the government to honour a deal. Greek Prime Minister Alexis Tsipras infuriated his European partners last month when he called for a popular vote against economic reforms the creditors has proposed…
