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
The close: TSX ends lower as banks, miners weigh + MORE Dec 5th
S&P falls for third session as tech rebound wilts
.... More »
Mortgage deferral coming to an end? You have other options — but beware of penalties Sep 14th
The major Canadian banks are preparing for the end of the deferral period and offering to work with clients to ensure they can continue to meet their financial obligations in a manageable way, Elaine Smith writes..... More »
How the Interest Rate Hike Can Affect Canadian Post-Secondary Students + MORE Aug 19th
If you haven’t heard, the Bank of Canada raised its key overnight lending rate by 25 basis points last month. And while mortgage affordability is usually the first thing that comes to mind when people discuss an interest rate hike (or drop), students heading to university or college may also be a.... More »
Making sense of the markets this week: May 24, 2021 May 21st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Stocks could fall when the Fed fights inflation
How do the U.S. Federal Reserve and other central banks fight inflation? By increasing rates. And the fear is that inflation-fi.... More »
Warren Buffett Acquires $400 Million of Home Capital Shares + MORE Jun 29th
Warren Buffett, famed American investor and business guru, is coming to the rescue of Home Capital Group Inc., the Canadian alternative mortgage lender that has been in the news for months. Berkshire Hathaway, a subsidiary of Buffett’s company, has indicated it will buy $400 million worth of .... More »
The Best Things to Buy in April
– ratesupermarket.ca
April might be rainy in most places across the country but the warming temperatures are likely a welcome improvement. Get outside this month and enjoy the sun when it’s out, but make sure to take advantage of all the great deals that April has to offer as well.
April is a great month to save money to find a lot of great deals.
Book Cruises and Trips to Europe
Spring heralds rain and mediocre weather in a number of different popular destinations. Temperatures are also often colder. That means that fewer people are travelling to those locations. Since many people travelled in March to take advantage of March Break, the travel industry sees fewer bookings. For this reason, look for deals on travel. The best deals can be found on spring and summer cruises and trips to Europe.
Related read: INFOGRAPHIC – How to Fly for Free with Credit Card Rewards>
Lace Up Your Running Shoes
With the weather improving across the country, more people will start lacing up their running shoes and running outside again in April…
TORONTO – The Royal Bank of Canada says it operates within the law and has policies to prevent tax evasion after reports said it used the Panamanian law firm whose leaked documents are said to reveal the use of offshore tax havens.
The International Consortium of Investigative Journalists worked with hundreds of journalists to analyze 11.5 million records from the law firm Mossack Fonseca.
The records reportedly show major banks helped clients create companies in offshore havens like Panama.
Mossack Fonseca has confirmed the authenticity of the records that hackers obtained.
The firm denies any wrongdoing and says most of the individuals named in the leaked documents were not its direct clients but accounts set up by intermediaries.
The CBC and the Toronto Star, two of the media outlets that the consortium collaborated with, reported that the Royal Bank of Canada and its subsidiaries set up about 370 of these types of corporations.
“RBC works within the legal and regulatory framework of every country in which we operate,” the Royal Bank said in a statement…
The International Consortium of Investigative Journalists worked with hundreds of journalists to analyze 11.5 million records from the law firm Mossack Fonseca.
The records reportedly show major banks helped clients create companies in offshore havens like Panama.
Mossack Fonseca has confirmed the authenticity of the records that hackers obtained.
The firm denies any wrongdoing and says most of the individuals named in the leaked documents were not its direct clients but accounts set up by intermediaries.
The CBC and the Toronto Star, two of the media outlets that the consortium collaborated with, reported that the Royal Bank of Canada and its subsidiaries set up about 370 of these types of corporations.
“RBC works within the legal and regulatory framework of every country in which we operate,” the Royal Bank said in a statement…
