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
Applying for a credit card: What you need to know Oct 6th
There are many great reasons to carry a credit card. Beyond the convenience and purchase protection included with many credit card purchases, they’re also important financial tools for establishing your credit history and borrowing money—both of which you’ll need if you want to make a major pu.... More »
The Best Credit Cards to Use for the 2018 Holiday Season Dec 10th
There are exactly 14 shopping days left until Christmas, and whether you’re ahead of the game or behind on your shopping list, you may already be feeling some shopping lethargy. But don’t despair: depending on your preferred method of payment, you may be able to get rewarded for running around .... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks Nov 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Why bank stocks offer better value in U.S. than Canada Dec 10th
The most dramatic difference between the U.S. and Canadian bank stocks comes down to leverage. All of the U.S. banks have smaller leverage ratios, and usually much smaller ones, than the Canadian banks. On average, the U.S. banks have leverage ratios (assets/equity) of 9.0, whereas the average .... More »
Mortgage broker vs. bank—which will save you more money? + MORE Jun 1st
Choosing a mortgage broker or a bank for your home loan will likely influence which mortgage you end up with. On top of that, there are pluses and minuses to both, as we detail in the table below. Before we dive into which may best suit your financial situation, let’s look at the differences betwe.... More »
Inflation elusive, but central bankers getting twitchy
– theglobeandmail.com
Several central banks are leaning toward launching or stepping up efforts that could slow down inflation
The federal government is hiring the former chief financial officer at one of Canada’s largest banks to help oversee its new infrastructure-financing agency. Janice Fukakusa will chair the new board of the Canada Infrastructure Bank.
Taking the Tab: Canadian Students Most Likely to Contribute to Their Own Tuition
– ratesupermarket.ca
Internationally, Canadian students were recognized as being the most likely to pay their way through post-secondary school, or at least contribute to it.
A global study by HSBC called The Value of Education: Higher and higher discovered that 42 per cent of Canadian students helped to pay the tuition for their own post-secondary education, in comparison to 15 per cent on average globally.
The study surveyed more than 8400 parents from 15 countries and territories with one child under the age of 23 who is currently receiving a post-secondary education, or at least considering it.
Saving is no easy task. Especially when you have student loans to think about. If you’re looking for a credit card with the lowest rates, RateSupermarket.ca compares the best cards in Canada that are geared towards students and will fit your financial needs.
We still want to help out
From early on in their kids’ education, Canadian parents differ from their global peers. On average, 63 per cent of parents pay for private education (for example, for math or science tutors), but only 31 per cent of Canadian parents do so…
Liberals tap former RBC exec to be chairwoman of infrastructure bank
– canadianbusiness.com
The federal government is hiring the former chief financial officer at one of Canada’s largest banks to help oversee its new infrastructure-financing agency.
Janice Fukakusa is being named the new chairwoman of the Canada infrastructure bank.
Fukakusa retired in January from Royal Bank (TSX:RY) after a 31-year career at the bank.
She will now have a role in selecting the remaining members of the board of directors that will oversee the agency’s operations, as well as the chief executive.
The Liberals plan to have the new agency up and running by the end of the year.
Ottawa is planning to infuse the new institution with $35-billion hoping to pry three or four times that amount from the private sector for large-scale projects.
But the projects have to generate revenue, meaning they would result in new toll roads or bridges where user fees finance the construction costs.
The post Liberals tap former RBC exec to be chairwoman of infrastructure bank appeared first on Canadian Business – Your Source For Business News.
Janice Fukakusa is being named the new chairwoman of the Canada infrastructure bank.
Fukakusa retired in January from Royal Bank (TSX:RY) after a 31-year career at the bank.
She will now have a role in selecting the remaining members of the board of directors that will oversee the agency’s operations, as well as the chief executive.
The Liberals plan to have the new agency up and running by the end of the year.
Ottawa is planning to infuse the new institution with $35-billion hoping to pry three or four times that amount from the private sector for large-scale projects.
But the projects have to generate revenue, meaning they would result in new toll roads or bridges where user fees finance the construction costs.
The post Liberals tap former RBC exec to be chairwoman of infrastructure bank appeared first on Canadian Business – Your Source For Business News.
