Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
The best high-interest savings accounts in Canada for 2025 + MORE Jan 26th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Advertisement
Why trust us
MoneySense is an.... More »
9 Best Chequing Accounts in Canada: No-Fee Banking, Welcome Offers, And More + MORE Jul 31st
With so many banking options available in Canada, choosing the best chequing account for your day-to-day banking needs can be challenging. In recent years, online banks have introduced no-fee chequing accounts with other convenient features, making the decision that much tougher.
To help you in your.... More »
At the open: TSX flat as energy, banks offset by materials, industrials + MORE Sep 13th
Wall Street starts lower as Apple weighs
.... More »
Banks see initial writedowns, future earnings bump under Trump tax changes Jan 10th
Canadian banks are expecting some short-term pain from U.S. President Donald Trump's tax overhaul, but a significant lift on future earnings..... More »
Herbalife, Wells Fargo gain; Caesars Entertainment sinks Aug 29th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:
Herbalife Ltd., up $2.80 to $63.30
Billionaire investor Carl Icahn, the company’s largest shareholder, says he bought more shares in the supplements and weight-loss products company.
Wells Fargo & Co., up $.... More »
In the rush to get the economic headlines of the day, it can be hard to get a sense of what a development really means. The weekend Morning Playbook is an attempt to go a little deeper into the debate over the issues or events in the news this week.
It’s the ear-grinding phrase that was everywhere this past week: quantitative easing. But a boring word hides a lot of big questions: even if the European Central Bank has committed to the “bazooka” (as journalists are fond of calling it), will the program really offer a magic bullet for the eurozone economy?
First, a recap: on Thursday, the ECB announced they would begin a program of quantitative easing, otherwise known as when a government “prints” money (a.k.a., they create the money electronically), and uses the new “cash” to purchase massive amounts of assets, mainly government bonds. As the demand for those bonds increases, prices rise, and interest rates fall – which, ideally, creates a ripple effect that means banks are more willing to lend, and borrowing is cheaper for everyone…
Romanians protest repayments for Swiss franc loans, blame the banks, urge new laws
– canadianbusiness.com
BUCHAREST, Romania – Hundreds of people have protested in Romania against high repayments for Swiss franc loans, blaming the banks for offering deceptively cheap loans and calling on the government to regulate hard currency loans.
“The bank tricked us!” yelled up to 1,000 demonstrators gathered in a downtown square. “You have the power, we have the pain!” read one banner.
About 75,000 Romanians have loans in Swiss francs, taking them out during the economic boom of the mid-2000s, because they had a lower interest rate.
They have been hit by a strong franc and even more so after the Swiss National Bank abolished its currency ceiling this month causing the franc to increase by 40 per cent against the euro.
Lawmakers are discussing implementing rules to protect people who take out hard currency loans.
The post Romanians protest repayments for Swiss franc loans, blame the banks, urge new laws appeared first on Canadian Business.
“The bank tricked us!” yelled up to 1,000 demonstrators gathered in a downtown square. “You have the power, we have the pain!” read one banner.
About 75,000 Romanians have loans in Swiss francs, taking them out during the economic boom of the mid-2000s, because they had a lower interest rate.
They have been hit by a strong franc and even more so after the Swiss National Bank abolished its currency ceiling this month causing the franc to increase by 40 per cent against the euro.
Lawmakers are discussing implementing rules to protect people who take out hard currency loans.
The post Romanians protest repayments for Swiss franc loans, blame the banks, urge new laws appeared first on Canadian Business.
