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
Free to Use, Free to Choose: Review of the Tangerine Money-Back Credit Card Mar 30th
There’s a new cash back contender in Canada’s credit card market, and it’s bringing a new level of choice to consumers. Tangerine’s Money-Back Credit Card has officially launched after a successful trial run, and it has created quite a buzz for its unique and flexible rewards structure.
Th.... More »
Take the Quiz: Do You Know Your Credit Score Fundamentals? Jun 26th
Your credit score is a very important number, which can help you get an apartment, car loan, mortgage, personal loan, or rewards credit card, among other financial decisions.
It is vital to know your credit rating and, if necessary, how to improve it. Staying up to date with your credit report can .... More »
Banks taking notice of online lenders, panel told + MORE Mar 4th
The companies provide small loans that the banks might not otherwise make
.... More »
Is Wealthsimple a bank? Not exactly, but it’s launching new “banking” services Jun 12th
Canadians aren’t short of credit card options, that’s for sure. At an average of two to three credit cards per person, we have more credit cards than debit cards in our wallets. But there’s still room for one more, suggests Wealthsimple with its recently launched bank-like offerings, including.... More »
What You Need to Know About the Canadian Mortgage Stress Test Nov 5th
In late 2017, OSFI, the agency that supervises and regulates Canada’s banks, unveiled a new mortgage stress test, designed to protect Canadian borrowers from increasing debt burdens, and the prospect of rising interest rates. It also served to cool off a couple of Canada’s most expensive housing.... More »
Suspected Home Depot credit-card breach puts pressure on retailers to upgrade security
– theglobeandmail.com
Home-improvement chain working with banks and law enforcement tp investigate possible incursion
Bank of Canada Rate Announcement September 2014: No Change… Again
– ratesupermarket.ca
The Bank of Canada has maintained the Overnight Lending Rate at 1 per cent once again – and if you respond to that news with a “so what”, you’re certainly not alone.
After all, the neutral stance by the country’s top financial power stalks the status quo, a rate that’s gone unchanged for four solid years, marking the longest stint of neutrality since the 1950s. Retail banks – like the ones that house your hard-earned funds – use the benchmark to set their Prime lending rate, which can affect the interest you pay on things like credit card debt and mortgages.
However, that’s not to say there are important nuances underwritten in today’s announcement – for one, its neutral stance shows that BoC Governor Stephen Poloz and Co. have no plans to raise or lower rates any time soon.
Also Read: The Bank of Canada May Take a Neutral Stance on Rates>
Here are the key influences on Poloz’s neutrality:
Inflation: Close, But No Cigar
Inflation is close enough to the 2 per cent target predicted by the BoC, though the boost from 0…
Bank of Canada Rate Announcement September 2014: No Change… Again
– ratesupermarket.ca
The Bank of Canada has maintained the Overnight Lending Rate at 1 per cent once again – and if you respond to that news with a “so what”, you’re certainly not alone.
After all, the neutral stance by the country’s top financial power stalks the status quo, a rate that’s gone unchanged for four solid years, marking the longest stint of neutrality since the 1950s. Retail banks – like the ones that house your hard-earned funds – use the benchmark to set their Prime lending rate, which can affect the interest you pay on things like credit card debt and mortgages.
However, that’s not to say there are important nuances underwritten in today’s announcement – for one, its neutral stance shows that BoC Governor Stephen Poloz and Co. have no plans to raise or lower rates any time soon.
Also Read: The Bank of Canada May Take a Neutral Stance on Rates>
Here are the key influences on Poloz’s neutrality:
Inflation: Close, But No Cigar
Inflation is close enough to the 2 per cent target predicted by the BoC, though the boost from 0…
USDA to buy up to $13 million in canned pink salmon to help ease glut hurting Alaska fishermen
– canadianbusiness.com
JUNEAU, Alaska – The U.S. Department of Agriculture has agreed to buy up to $13 million in canned pink salmon to ease a glut that has weighed down prices for Alaska fishermen.
In July, Gov. Sean Parnell asked the USDA to buy $37 million worth of canned fish under a federal law that allows the government to purchase surplus food from farmers and donate it to food banks or other programs.
Earlier this year, the agency purchased $20 million worth of canned salmon.
U.S. Sen. Lisa Murkowski announced USDA’s plans Wednesday. She says she isn’t focused on a specific dollar amount but on the government considering using existing funds to take excess salmon off warehouse shelves and provide a nutritious food to Americans in need.
The post USDA to buy up to $13 million in canned pink salmon to help ease glut hurting Alaska fishermen appeared first on Canadian Business.
In July, Gov. Sean Parnell asked the USDA to buy $37 million worth of canned fish under a federal law that allows the government to purchase surplus food from farmers and donate it to food banks or other programs.
Earlier this year, the agency purchased $20 million worth of canned salmon.
U.S. Sen. Lisa Murkowski announced USDA’s plans Wednesday. She says she isn’t focused on a specific dollar amount but on the government considering using existing funds to take excess salmon off warehouse shelves and provide a nutritious food to Americans in need.
The post USDA to buy up to $13 million in canned pink salmon to help ease glut hurting Alaska fishermen appeared first on Canadian Business.
Canada’s biggest banks have pledged to provide consumers with more information about joint accounts, powers of attorney and collateral mortgages.
