Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
It’s Time to Get Smart about Your Credit Oct 17th
October 17 is National Get Smart About Your Credit Day and there is no better time with the year end and holidays approaching, to sit down and review your finances. Whether you have debt or not, take this opportunity to evaluate how you manage your credit and where there could be room for improveme.... More »
Making sense of the markets this week: April 2, 2023 Mar 31st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Freeland fires again at Canadian Banks
There are several big-picture looks at the important aspects of the Canadian federal budget .... More »
At midday: TSX falls as banks, consumer names weigh Jul 28th
Wall Street dragged lower by Amazon, tobacco stocks
.... More »
Scotiabank CEO downplays concerns raised over Canadian debt levels Mar 22nd
TORONTO _ Scotiabank’s chief executive says he disagrees with recent red flags raised over Canada’s high debt levels by an international body, and that he is “comfortable” with the lender’s risk profile.
Brian Porter told a University of Toronto conference that he had a.... More »
Wall St. hits another record high, as TSX edges up and loonie breaks 80 cents US Oct 3rd
TORONTO _ Wall Street set another record high Tuesday on relatively minor movements as Canada’s largest stock index inched forward and the loonie cleared 80 cents US.
In New York, the Dow Jones industrial average gained 84.07 points to 22,641.67. The S&P 500 index edged up 5.46 points to 2.... More »
The Economic Winds Are at Europe's Back
– online.wsj.com
A continent in crisis? Far from it. Unemployment is down; growth is up; even Greek banks are healthier.How Canada’s biggest banks have become complicit in the housing bubble
– canadianbusiness.com
Canada’s big bank headquarters on Bay Street in Toronto. (Adrian Veczan/CP)This article originally appeared in Maclean’s.
Royal Bank of Canada Chief Executive David McKay flattered some Bay Street reporters with rare interviews the other day, having just conducted another clinic in money making by guiding his 148-year-old institution to a record quarterly profit of $3 billion. What better time for a banker to subject herself or himself to scrutiny than amidst a flurry of zeroes?
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Toronto isn’t growing fast enough to justify its bubbly house prices
Judging by the headlines, the scribes were either underwhelmed or uninterested by what McKay had to say about banking. He made news by talking about Toronto real estate. Not so long ago, Royal’s chief executive was fairly sanguine about Canada’s big-city housing bubble…
