Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
BMO financial planner loses Ont. couple $47,000 Mar 29th
Imagine hiring a financial planner you thought you could trust. Then imagine losing nearly $50,000 after listening to their advice.
This nightmare situation was a reality for a retired couple who, in 2014, sought advice from a BMO financial planner on how to transfer their retirement savings from an.... More »
Canadian banks eyeing low-cost robo-adviser industry to attract millennials Apr 1st
TORONTO – Canada’s financial services industry is set for a shakeup, and some of the country’s biggest banks are taking note.
Fed up with pricey mutual funds, a growing number of Canadian investors are turning to robo-advisers, low-cost online investment managers. Tech-savvy millen.... More »
What is cryptocurrency? And how do you invest in it? Sep 14th
You can’t read a news site, watch a YouTube video or scroll any social media platform without coming across a reference to bitcoin, ethereum or other cryptocurrencies. Maybe your own friends and family members are nattering non-stop about their crypto investments.
Time will tell if crypto is 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 »
The best GIC rates in Canada for August 2023 Aug 29th
Investing
The best GIC rates in Canada for August 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Why You Should Care About the Government’s Bail-In Plans
– ratesupermarket.ca
The outlook for Canada’s banking system took a hit this week, slashed from stable status to negative by international credit ratings agency Moody’s. The cut comes in response to recent government plans to implement a “bail-in” system, with Moody’s citing “the evolving lower systemic support environment” from the government.
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
Why You Should Care About the Government’s Bail-In Plans
– ratesupermarket.ca
The outlook for Canada’s banking system took a hit this week, slashed from stable status to negative by international credit ratings agency Moody’s. The cut comes in response to recent government plans to implement a “bail-in” system, with Moody’s citing “the evolving lower systemic support environment” from the government.
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
These bail-in plans were revealed in the “Banking System Outlook: Canada” report, which focuses on the seven largest Moody’s-rated Canadian banks, which combined hold approximately 93 per cent of system assets. However, despite this alarming news, Canada’s banking system still remains one of the strongest in the world.
So, should consumers be concerned?
What is a Bail-In?
A bail-in is a reverse of the bail-out method, when money is given by the government to struggling private companies whose success largely impacts Canada’s economy. The funds help such companies make their mandatory debt payments in order to stay solvent…
Why Canada isn’t immune to a U.S.-style housing crash
– macleans.ca
Skeletons of abandoned housing developments in California in 2009Investors should stay away from the Canadian housing market, warns a new report from Chicago-based investment firm Morningstar. A house price correction is “inevitable” within the next five years and could send house prices falling as much as 30 per cent.
The report’s author, equity analyst Dan Werner, also takes aim at some of the more popular arguments on this side of the border for why Canada’s housing market is fundamentally different from the U.S. housing bubble. “Many investors believe that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now,” he writes. “History has shown, time and again, that ‘this time’ is not different. We believe the same is true for the future of Canadian residential real estate.”
Skeptical? Here are some of the myths Werner debunks for why Canada isn’t immune to a U.S.-style housing crash:
Myth: Canadian banks are better protected because, unlike the U…
