Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
U.S. banks benefit from postelection trading surge Jan 13th
Canadian bank earnings also expected to rise because of increased activity following Trump victory
.... More »
The best bank accounts for students in Canada 2020 Apr 10th
Table of contents
The best bank accounts for students in Canada
The best online bank accounts for students in Canada
What is a student bank account?
What do you need to open a student bank account?
How to choose the best student bank account for you
With the cost of tuition and books—not t.... More »
At midday: TSX rises with commodities + MORE Oct 19th
Energy, banks push Wall Street higher, Intel limits gains
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Get More Money From Your Main Bank + MORE Aug 22nd
Did you know: Canadians identify their “main bank” as the one where they keep their chequing account. 91% of consumers have one at their primary lender, according to our recent study. But things get foggier when it comes to why they signed up with their bank in the first place – in a rece.... More »
Ontario Teachers’ Pension Plan undeterred by uncertainty over tariffs: CEO Apr 4th
TORONTO _ Ontario Teachers’ Pension Plan is closely monitoring the potential for higher tariffs to slow the global economy, but it thinks that “cooler heads are going to prevail” before that happens, OTPP chief executive Ron Mock said Tuesday.
Ontario Teachers’ core portfolio.... More »
The Heartbleed Bug: Should Online Banking Customers Worry?
– ratesupermarket.ca
You’ve likely seen today’s headlines regarding the Heartbleed Bug, an Internet security issue that targets private information shared over the web.
The bug makes vulnerable a version of Open Secure Socket Layer technology, a very common method used by an estimated two thirds of websites to protect users’ personal info such as passwords and transactional data.
How Does Heartbleed Work?
The discovery was made by a team from Internet security company Codenomicon. From their blog:
“The Heartbleed bug allows anyone on the Internet to read the memory of the systems protected by the vulnerable versions of the OpenSSL software. This compromises the secret keys used to identify the service providers and to encrypt the traffic, the names and passwords of the users and the actual content. This allows attackers to eavesdrop on communications, steal data directly from the services and users and to impersonate services and users.”
If you’ve ever submitted your credit card details or a password online, you’ve likely noticed a small lock icon appear in your browser bar and “HTTPS” preceding the web address…
