Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
It’s Never Too Early to Think about Holiday Shopping Sep 23rd
While it may seem a bit early – especially if you’re still basking in the neverending summer heat in Southern Ontario – now is the time that retailers really start thinking about the holidays.
Whether looking at November’s Cyber Monday or the big Christmas push, smart merchants .... More »
The close: TSX falls with banks as Fed talks hikes + MORE Mar 25th
U.S. stocks break five-week winning streak
.... More »
It’s probably time you switched banks—4 easy steps for Canadians + MORE Jun 29th
When you opened your first bank account, chances are it was with the same financial institution your parents used—because, why not? And given how loyal Canadians are to their banks, there’s a good chance you’re still banking with the same institution. In fact, 70% of Canadians held the sa.... More »
The best travel credit cards in Canada for 2024 Jul 12th
Credit Cards
The best travel credit cards in Canada for 2024
From points to perks, a good travel credit card can make your trip more affordable, more comfortable and even more secure.
Compare now
<script sr.... More »
New rules proposed to put an end 'too big to fail' banks + MORE Nov 10th
Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses..... More »
The Pros and Cons of Investing in Bank Stocks
– ratesupermarket.ca
Perhaps you’ve relied on your bank to advise you on your investments, or taken out a GIC or RRSP with them. But have you considered investing in your bank itself? Bank stocks are a popular investment that commonly pay dividends. And, according to a new report released by RBC Capital Markets, they’re expected to do well over the next year, climbing between eight and 19 per cent.
Bank Stocks Are Still Subject To Risk
But don’t toss all your savings in just yet – there are several elements to consider beforehand when investing in bank stocks, says Kim Inglis, an investment advisor and portfolio manager with Canaccord Genuity Wealth Management. Bank stocks are especially sensitive to overall economic fluctuations, moreso than stocks in other unrelated sectors.
“Before investing in banks or any stocks for that matter, investors should assess their overall tolerance for risk,” says Inglis. In other words, write down the maximum dollar value loss you could deal with in the event that things go south for you…
Dividend Hikes Seen on Tap as Canadian Bank Earnings Kick Off
– blogs.wsj.com
Many of Canada’s big banks are expected to hike their dividends this week when they report third-quarter results.
Canada's banks to report slow growth: analyst
– thestar.com
Big six get set to report third-quarter earnings.
TD Bank Group said Monday that it has not yet reached a deal with CIBC and Aimia that would see the banks both offering credit cards linked to the Aeroplan loyalty points program but that talks are continuing.The Pros and Cons of Investing in Bank Stocks
– ratesupermarket.ca
Perhaps you’ve relied on your bank to advise you on your investments, or taken out a GIC or RRSP with them. But have you considered investing in your bank itself? Bank stocks are a popular investment that commonly pay dividends. And, according to a new report released by RBC Capital Markets, they’re expected to do well over the next year, climbing between eight and 19 per cent.
Bank Stocks Are Still Subject To Risk
But don’t toss all your savings in just yet – there are several elements to consider beforehand when investing in bank stocks, says Kim Inglis, an investment advisor and portfolio manager with Canaccord Genuity Wealth Management. Bank stocks are especially sensitive to overall economic fluctuations, moreso than stocks in other unrelated sectors.
“Before investing in banks or any stocks for that matter, investors should assess their overall tolerance for risk,” says Inglis. In other words, write down the maximum dollar value loss you could deal with in the event that things go south for you…
