Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Raging River searches for relevance in a mean market Mar 6th
Best known for its operations in the Viking light-oil formation in western Saskatchewan and eastern Alberta, the company said it has hired investment banks to help it study a “strategic repositioning”
.... More »
Travel for Free: Barry’s Top 6 Tips on How to Game the Credit Card Reward System Apr 9th
To simply say I love credit cards is an understatement. Currently, I have more than 10 active cards, which is much more than the average person will ever need at once, but I use them all for a variety of reasons. When you know how to game the reward system and reap the benefits of different cards, .... More »
Shares in troubled Italian bank jump on rescue deal Aug 1st
MILAN – Shares in troubled Italian bank Monte dei Paschi di Siena have jumped as investors cheer a rescue deal from private investors that means the bank will not be nationalized.
Monte dei Paschi was by far the worst performer in stress tests of 51 European banks but sought to head off any sp.... More »
Canadian banks argue against Canada Post getting into banking Jul 14th
The lobby group representing Canada's big banks says there's no need for Canada Post to expand onto their turf because Canadians already have an abundant choice of financial services..... More »
How to cut costs on international money transfers Jan 10th
While many Canadians know how expensive it can be to send money abroad, they’re likely unaware of how the costs are broken out. But one virtual bank is changing that.
EQ Bank has formed a partnership with TransferWise, a global money transfer platform that’s committed to being cheap, fast and tr.... More »
Business Highlights
– canadianbusiness.com
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British chaos means interest rates will stay low for longer
FRANKFURT, Germany (AP) — Economists say the British vote to leave the European Union means central banks are likely to have to keep their stimulus efforts in place longer. This is what helped keep the global economy afloat in the wake of the 2008 financial crisis but some may even have to unveil new stimulus or rate cuts.
That means savers will suffer longer with zero returns on their accounts. Meanwhile home buyers, companies and governments will keep on borrowing cheaply.
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Fed gives OK to 30 banks to up dividends, buy back shares
WASHINGTON (AP) — The Federal Reserve has given the green light to many major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough to withstand a major economic downturn.
The “stress tests” are an annual check-up of the biggest financial institutions in the U.S.
Of the 33 that were tested, 30 banks were allowed to raise dividends or repurchase shares…
British chaos means interest rates will stay low for longer
FRANKFURT, Germany (AP) — Economists say the British vote to leave the European Union means central banks are likely to have to keep their stimulus efforts in place longer. This is what helped keep the global economy afloat in the wake of the 2008 financial crisis but some may even have to unveil new stimulus or rate cuts.
That means savers will suffer longer with zero returns on their accounts. Meanwhile home buyers, companies and governments will keep on borrowing cheaply.
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Fed gives OK to 30 banks to up dividends, buy back shares
WASHINGTON (AP) — The Federal Reserve has given the green light to many major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough to withstand a major economic downturn.
The “stress tests” are an annual check-up of the biggest financial institutions in the U.S.
Of the 33 that were tested, 30 banks were allowed to raise dividends or repurchase shares…
U.S. Fed gives okay to 30 banks to boost dividends, buy back shares
– theglobeandmail.com
But the Fed gave Morgan Stanley only conditional approval because of what were considered weaknesses in its plans dealing with risks
