Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
CIBC, Royal Bank on the defensive at annual meetings over sales practices + MORE Apr 7th
Chief executives at two of Canada’s biggest banks highlighted their efforts to listen to client and employee feedback in the wake of news reports that alleged some employees at financial institutions broke the law in order to meet sales targets.
Royal Bank CEO Dave McKay says his bank surveys .... More »
Coady: Government Prepared for Market Fluctuations After Brent Crude Prices Plunge - VOCM + MORE Mar 18th
Coady: Government Prepared for Market Fluctuations After Brent Crude Prices Plunge VOCMExplained: Why Banks Are Both Oil’s Best Friend and Worst Enemy Investing.comThe Oil Price Collapse Continues After Brief Respite OilPrice.comOPEC+ Isn't Panicking About Oil's Su.... More »
At the open: TSX slips as banks, resources stocks weigh + MORE Nov 20th
Tech stocks lead Wall Street higher
.... More »
Banks overcharge by millions of dollars — and customers don't even notice + MORE Nov 7th
CIBC must pay back $73 million in fees it improperly charged customers for 14 years, while customers looking at their monthly statements all that time would never have noticed. Is it time for more transparency in the financial services industry?.... More »
When is open banking coming to Canada? Ottawa says “at the earliest opportunity” Jun 19th
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled.
Open banking or consumer-driven banking, as Ottawa calls it, is about allowing Canadians and businesses to secure.... More »
Royal Bank, Citibank ordered to hand over info on Cayman islands dealings in offshore tax probe
– cbc.ca
Two banks operating in Canada have agreed to give the federal revenue minister information from the accounts of a Caribbean financial institution to help the government crack down on Canadian tax evaders.
