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
CIBC & TD Bank Q4 2018 Earnings Nov 30th
The Globe and Mail, Tim Kiladze, 29 November 2018
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce can thank a hot U.S. economy for higher profits. But the banks' sizable American operations aren’t expected to deliver as much growth in 2019 because of rising competition.
TD and CIBC,.... More »
EQ Bank review 2021 Apr 30th
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial ins.... More »
Canada's Big Six banks could get stingy with third-quarter dividend payouts + MORE Aug 21st
Tougher economic conditions have analysts expecting few dividend hikes
.... More »
Brexit fallout: Worst yet to come for central banks + MORE Jun 24th
Bank leaders should be prepared to be quick with liquidity if needed, slow to change interest rates
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Oil sinks 5% as Moodys banking downgrade drops another shoe on crisis By Investing.com - Investing.com + MORE Mar 14th
Oil sinks 5% as Moodys banking downgrade drops another shoe on crisis By Investing.com Investing.comOil Falls Again As Traders Remain Concerned About U.S. Banks OilPrice.comWTI crude settles at the lows of the year. The chart is daunting ForexLiveOil Sinks to Three-M.... More »
The Exchange Brings No-Fee ATMs To Smaller Banks and Credit Unions
– ratesupermarket.ca
There used to be a really good reason for not switching from a big bank to a smaller one: convenience. Belonging to the BMOs and CIBCs of the world meant that accessing your cash without paying a fee was as simple as a walking a block to your next bank ATM or branch location. Having accounts with a smaller or online bank meant planning ahead when you needed to withdraw money, and usually steep fees for using another lender’s ATM.
Not anymore.
A Growing Network for Alternative Lenders
The Exchange — a network of ATMs for about 184 small banks and credit unions across Canada — announced in June that it was growing its network by over 30 per cent. The move brings The Exchange’s number of ATMs to 3,300, second only to the Royal Bank of Canada. According to the press release, 2,607 postal code areas will now be serviced by Exchange machines, which don’t charge clients of its member banks and credit unions any surcharges.
Also read: What is a Credit Union?>
Participating financial institutions include Alterna Bank, HSBC Bank Canada, ICICI Bank Canada and Manulife Bank, which is adding 800 of the 830 new ATMs…
Greece’s stock market plunges over 22 per cent as it reopens after 5-week closure
– canadianbusiness.com
ATHENS, Greece – Greece’s main stock index plunged over 22 per cent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis.
Greek bank stocks suffered the most, hitting or nearing the daily trading limit of a 30 per cent loss. Markets in the rest of Europe, however, were largely unaffected.
The Athens Stock Exchange and Greek banks were closed on June 29, when the government imposed controls on money withdrawals and transfers to keep a run on bank deposits from causing the financial system to collapse.
Banks have since reopened, while maintaining strict cash withdrawal limits.
Greece is expected to head back into recession in 2015 — after briefly emerging from a six-year contraction — due to the effects of capital controls and months of uncertainty over the country’s future in the euro.
A monthly survey of business and consumer confidence, the Economic Sentiment Indicator, fell for a fifth consecutive month in July to its worst level since October 2012…
Greek bank stocks suffered the most, hitting or nearing the daily trading limit of a 30 per cent loss. Markets in the rest of Europe, however, were largely unaffected.
The Athens Stock Exchange and Greek banks were closed on June 29, when the government imposed controls on money withdrawals and transfers to keep a run on bank deposits from causing the financial system to collapse.
Banks have since reopened, while maintaining strict cash withdrawal limits.
Greece is expected to head back into recession in 2015 — after briefly emerging from a six-year contraction — due to the effects of capital controls and months of uncertainty over the country’s future in the euro.
A monthly survey of business and consumer confidence, the Economic Sentiment Indicator, fell for a fifth consecutive month in July to its worst level since October 2012…
The Exchange Brings No-Fee ATMs To Smaller Banks and Credit Unions
– ratesupermarket.ca
There used to be a really good reason for not switching from a big bank to a smaller one: convenience. Belonging to the BMOs and CIBCs of the world meant that accessing your cash without paying a fee was as simple as a walking a block to your next bank ATM or branch location. Having accounts with a smaller or online bank meant planning ahead when you needed to withdraw money, and usually steep fees for using another lender’s ATM.
Not anymore.
A Growing Network for Alternative Lenders
The Exchange — a network of ATMs for about 184 small banks and credit unions across Canada — announced in June that it was growing its network by over 30 per cent. The move brings The Exchange’s number of ATMs to 3,300, second only to the Royal Bank of Canada. According to the press release, 2,607 postal code areas will now be serviced by Exchange machines, which don’t charge clients of its member banks and credit unions any surcharges.
Also read: What is a Credit Union?>
Participating financial institutions include Alterna Bank, HSBC Bank Canada, ICICI Bank Canada and Manulife Bank, which is adding 800 of the 830 new ATMs…
