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
At the open: TSX higher as banks, energy stocks gain Sep 18th
S&P and the Dow opened at record highs
.... More »
BMO InvestorLine Review: A Premium Canadian Discount Broker Jan 8th
By my count, Canadian investors can choose from at least a dozen discount brokerages to do their self-directed investing. One of the larger brokerages is BMO InvestorLine, the online broker arm of Bank of Montreal, one of Canada’s Big 6 Banks. In this full review, I’ll let you know what to expec.... More »
Millions in suspected Russian crime proceeds flowed through Canadian banks, companies May 10th
A powerful Russian crime syndicate that’s accused of laundering hundreds of millions of dollars around the world appears to have also flowed millions through nearly 30 Canadian bank accounts..... More »
The close: TSX ends higher, boosted by Bombardier, banks May 29th
Trading quiet as U.S., Britain and China markets closed for holidays
.... More »
Keep your credit card at a different bank + MORE Jan 29th
(Blend Images – Peter Dressel/Getty Images)
If you occasionally forget to pay your credit card bill on time, you may want to read the fine print on your agreement. It turns out that most banks can actually deduct money from your accounts to cover money you owe on your credit card—without ask.... More »
Dow hires banks to sell two chemical units
– theglobeandmail.com
Move is part of chemical giant’s effort to divest several billion dollars worth of non-core assets by 2015
Why Banks Are Targeting New Canadians
– ratesupermarket.ca
By: Pracheer Saran
Eliana Lopez is planning to immigrate from Cali, Columbia to Toronto this October. As a newcomer she’ll already have a lot on her plate, from starting life in a new country, to job hunting, to finding her own place. However, one task that might come easier may be building a credit history; in fact, this could be underway even before she steps out of Toronto Pearson International Airport.
This is due to an exclusive deal CIBC signed with the Greater Toronto Airport Authority last December, making it the only bank to have branches and bank machines at the airport. It’s part of the bank’s strategy to target newcomers to the country – by opening bank accounts and providing other banking services for them before they leave Pearson.
Cross-global Banking: A Growing Focus
Banks are increasingly realizing the importance of reaching out to cash-strapped immigrants – especially those moving for business who, according to Immigration Canada, are expected to make at minimum a $400,000 investment to own or manage business in the country…
Why Banks Are Targeting New Canadians
– ratesupermarket.ca
By: Pracheer Saran
Eliana Lopez is planning to immigrate from Cali, Columbia to Toronto this October. As a newcomer she’ll already have a lot on her plate, from starting life in a new country, to job hunting, to finding her own place. However, one task that might come easier may be building a credit history; in fact, this could be underway even before she steps out of Toronto Pearson International Airport.
This is due to an exclusive deal CIBC signed with the Greater Toronto Airport Authority last December, making it the only bank to have branches and bank machines at the airport. It’s part of the bank’s strategy to target newcomers to the country – by opening bank accounts and providing other banking services for them before they leave Pearson.
Cross-global Banking: A Growing Focus
Banks are increasingly realizing the importance of reaching out to cash-strapped immigrants – especially those moving for business who, according to Immigration Canada, are expected to make at minimum a $400,000 investment to own or manage business in the country…
It may be time to fasten the forex seat belts
– theglobeandmail.com
As policy of biggest central banks starts to diverge, currency markets could be in for choppier ride
