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.
If you bank with BMO or CIBC’s Simplii Financial, your account may have been compromised. On Monday, both banks started to alert clients that “fraudsters” may have accessed sensitive account information. Simplii reported that up to 40,000 of their customers may have been affected while BMO de.... More »
Two of Canada's biggest banks reported second-quarter earnings Thursday that benefited from bigger profit margins on the back of rising interest rates, though the bump could be less pronounced in coming quarters as pressure mounts for banks to raise the interest rates they pay on dep.... More »
The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada's Big Five banks earned a collective $10.6 billion — up nearly 11 per cent from a year ago..... More »
Hackers have threatened to release personal information for nearly 100,000 customers of two Canadian banks unless the lenders pay a $1-million ransom in cryptocurrency..... More »