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
Canada's Big Six banks could get stingy with third-quarter dividend payouts + MORE Aug 21st
Tougher economic conditions have analysts expecting few dividend hikes
.... More »
Is your chequing account working hard enough? Jan 10th
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 »
The close: TSX advances for fifth day as banks offset oil producers + MORE Dec 25th
Canadian stocks advanced for a fifth day and U.S. stocks closed slightly lower in a holiday-shortened trading session
.... More »
Monthly fee for identity theft protection? Not worth it + MORE Oct 5th
Canadians rattled by the massive Equifax data breach may turn to credit monitoring and anti-identify theft services for peace of mind, but in most cases they’ll be paying more for what is presently available for little or no cost, according to experts.
Consumers can already contact the two mai.... More »
Motive Financial Review – Canada’s Best High Interest Savings Account? Jul 18th
Motive Financial is the online banking arm of Canadian Western Bank, which is a Schedule I bank. As with other online only banks, such as Tangerine or EQ, Motive has become popular with Canadians who appreciate the low fees an higher interest that they are able to offer. But how does Motive measure .... More »
Sports teams, vendor want right to run 50-50 raffles in California; some nonprofits call foul
– canadianbusiness.com
SACRAMENTO, Calif. – The pitch is for charity, but the call could favour California’s professional sports teams.
California’s major league sports clubs and a leading raffle vendor are lobbying state lawmakers for the exclusive right to conduct charitable gambling at professional sports venues to sell raffle tickets that pay out half the proceeds as prize money and send the other half to charities of their choice. It would apply to 18 professional sports teams, 23 minor league teams and at several golf and racing events in the state.
These 50-50 raffles are gaining popularity across the nation but haven’t come to the most populous state because California law caps charity raffle prizes. Up to 10 per cent of proceeds can go to winners while 90 per cent must go to charity.
A group of nonprofits is calling foul. They say it would establish an unfair exemption favouring franchise owners over smaller charities like food banks, PTAs and churches. Critics, including Indian tribes that operate casinos, worry the bill blurs the line between a charitable raffle and a gambling operation…
California’s major league sports clubs and a leading raffle vendor are lobbying state lawmakers for the exclusive right to conduct charitable gambling at professional sports venues to sell raffle tickets that pay out half the proceeds as prize money and send the other half to charities of their choice. It would apply to 18 professional sports teams, 23 minor league teams and at several golf and racing events in the state.
These 50-50 raffles are gaining popularity across the nation but haven’t come to the most populous state because California law caps charity raffle prizes. Up to 10 per cent of proceeds can go to winners while 90 per cent must go to charity.
A group of nonprofits is calling foul. They say it would establish an unfair exemption favouring franchise owners over smaller charities like food banks, PTAs and churches. Critics, including Indian tribes that operate casinos, worry the bill blurs the line between a charitable raffle and a gambling operation…
Why the rise of fintech startups has Canada’s big banks on edge
– theglobeandmail.com
You may have heard the term recently; expect to hear it a lot more in the future as firms look to bring new efficiencies and competition to the banking sector
