The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
Trying to engineer a profitable portfolio Apr 10th
Somayaji Ayalasomayajula, 22, Mechanical Engineer, Toronto
I’ve been interested in growing my money since I was 12. At a pretty young age my dad gave me some money and helped me buy a GIC (guaranteed income certificate) with it. I think the aim was to help me see how money grows through interest a.... More »
Inflation's return could shock a generation that's never seen it: Don Pittis Jan 29th
There are warnings that inflation may be creeping back. The question is how seriously central banks will want to fight it..... More »
How Financially Literate Are You? + MORE Apr 26th
Canadians need to brush up on their money smarts – at least, according to the Federal Government. Last week, the very first Financial Literacy Leader was appointed, tasked with creating a national strategy aimed at improving consumer knowledge. Canadians can expect better access to learning a.... More »
TD Bank joins RBC in hiking fixed mortgage rates + MORE Nov 18th
TORONTO – TD Bank (TSX:TD) has quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada (TSX:RY) to take effect Thursday, the latest sign that Canada’s big banks are hiking the costs of borrowing for homeowners.
Cheryl Ficker, a spokeswoman for TD, said Wednesda.... More »
Greeks called upon to vote on bailout proposal; eurozone ministers gather to discuss situation + MORE Jun 27th
ATHENS, Greece – Anxiety over Greece’s future swelled on Saturday, with people queuing outside banks to withdraw cash, after Prime Minister Alexis Tsipras’ call to have the people vote on a proposed bailout deal increases the risks that the country might fall out of the euro.
The c.... More »
ING Direct forged new ground in Canada when it entered the market in 1997, promising to be different from the big banks. Today it is owned by Scotiabank and its name is changing to Tangerine, but it pledges to remain an innovator.
