Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Police believe they know where to find bodies of 3 missing hikers at Shannon Falls - CBC.ca + MORE Jul 4th
CBC.caPolice believe they know where to find bodies of 3 missing hikers at Shannon FallsCBC.caThe search for three missing hikers at Shannon Falls, near Squamish, B.C., is now a recovery effort, according to RCMP. Police released few details on Wednesday morning, but Cpl. Sascha Banks confirmed sear.... More »
Big banks must do a better job of managing risk, Janet Yellen says + MORE Nov 4th
Federal Reserve Chair Janet Yellen says the country's largest financial institutions are still falling short of managing the types of risks that led to the 2008 financial crisis..... More »
The best credit cards for newcomers to Canada for 2024 + MORE Jul 2nd
Credit Cards
The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
This mortgage loophole puts us at risk + MORE Jun 27th
If the Canadian housing market were to crash it would be catastrophic. At least, that’s the synopsis of the latest Moody’s Investors Service report.
According to their analysis the six big banks would lose nearly $12 billion while CMHC and other mortgage insurers would be on the hook for as muc.... More »
Wells Fargo eases lending standards for jumbo mortgages Aug 6th
U.S. banks are loosening mortgage criteria as the industry seeks to replace lost revenue
.... More »
Wall Street banks are eyeing a nascent market that improves their public image at a low risk and still offers them a reasonable return on capital.
Will Bank of Canada’s Poloz Pull a Draghi?
– blogs.wsj.com
The central banks of Canada and Europe have shocked markets in recent weeks. Last month, the Bank of Canada abandoned its long-standing rate-hike signal. Whether it will follow the Mario Draghi-led European Central Bank and cut rates depends on how inflation pans out.
Gail Vaz-Oxlade Credit Free Fridays To Help Consumers Tackle Debt
– ratesupermarket.ca
From the world of public health came Meatless Mondays. Instagram brought us Throwback Thursdays. Now from the Canadian Federation of Independent Business (CFIB) and Canadian financial guru and author Gail Vaz-Oxlade comes Credit Free Fridays.
Here’s how it works: Canadians put away their credit cards on Fridays, choosing to pay with cash or debit instead. The small action gives small businesses a break, plus it encourages Canadian to spend smartly. The initiative was launched on November 8 at Wanda’s Pie in the Sky, a bakery in Toronto’s Kensington Market.
How Credit Cards Impact Small Business
The impact of using credit is mainly considered a consumer issue. However, it’s a little-known fact that businesses are charged high fees by credit card companies and banks for accepting credit cards as forms of payment. For small businesses, the charges can be particularly difficult to manage.
“Small businesses are finding it increasingly challenging to absorb the high fees they are charged by the credit card companies and banks,” said Dan Kelly, CFIB president, in a press release…
Gail Vaz-Oxlade Credit Free Fridays To Help Consumers Tackle Debt
– ratesupermarket.ca
From the world of public health came Meatless Mondays. Instagram brought us Throwback Thursdays. Now from the Canadian Federation of Independent Business (CFIB) and Canadian financial guru and author Gail Vaz-Oxlade comes Credit Free Fridays.
Here’s how it works: Canadians put away their credit cards on Fridays, choosing to pay with cash or debit instead. The small action gives small businesses a break, plus it encourages Canadian to spend smartly. The initiative was launched on November 8 at Wanda’s Pie in the Sky, a bakery in Toronto’s Kensington Market.
How Credit Cards Impact Small Business
The impact of using credit is mainly considered a consumer issue. However, it’s a little-known fact that businesses are charged high fees by credit card companies and banks for accepting credit cards as forms of payment. For small businesses, the charges can be particularly difficult to manage.
“Small businesses are finding it increasingly challenging to absorb the high fees they are charged by the credit card companies and banks,” said Dan Kelly, CFIB president, in a press release…
