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Latest News
Bank of Montreal boosts dividend, reports $1.25B quarterly profit May 31st
The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada's Big Five banks earned a collective $10.6 billion — up nearly 11 per cent from a year ago..... More »
A New Season for Savings + MORE Apr 8th
Have you given your wallet its spring cleaning? With plenty of deals – and new rewards – available this month, it’s a great time to swap out stale finance products for higher earning options. Get started with our review of an exciting new cash back credit card option, and check out wh.... More »
The best GIC rates in Canada for 2025 Nov 3rd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Controls on sales practices at Canadian banks ‘insufficient’: watchdog + MORE Mar 21st
Long-awaited report says ‘sharp focus on sales’ increases risk of misselling but finds no evidence of widespread misconduct
.... 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 »
World stock markets mostly higher as interest rate cut by China boosts resource shares
– canadianbusiness.com
TOKYO – World stock markets were mostly higher Monday as a weekend interest rate cut by the Chinese central bank lifted sentiment following a lower estimate of U.S. economic growth last quarter.
KEEPING SCORE: Britain’s FTSE 100 gained 0.3 per cent to 6,964.66 and Germany’s DAX climbed 0.3 per cent to 11,428.83. France’s CAC 40 slipped 0.2 per cent to 4,940.62. Wall Street looked set for an upbeat start to the week. Dow futures were up 0.2 per cent and S&P futures added 0.1 per cent. Hopes for stronger growth in China boosted mining companies and other resource-related shares, such as miner BHP Billiton, which rose 0.4 per cent and Glencore Plc, which added 1.8 per cent.
CHINA RATE CUT: The People’s Bank of China cut interest rates for the second time in three months Saturday, reducing the rate for one-year loans by commercial banks by 0.25 percentage point to 5.35 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2.50 per cent…
KEEPING SCORE: Britain’s FTSE 100 gained 0.3 per cent to 6,964.66 and Germany’s DAX climbed 0.3 per cent to 11,428.83. France’s CAC 40 slipped 0.2 per cent to 4,940.62. Wall Street looked set for an upbeat start to the week. Dow futures were up 0.2 per cent and S&P futures added 0.1 per cent. Hopes for stronger growth in China boosted mining companies and other resource-related shares, such as miner BHP Billiton, which rose 0.4 per cent and Glencore Plc, which added 1.8 per cent.
CHINA RATE CUT: The People’s Bank of China cut interest rates for the second time in three months Saturday, reducing the rate for one-year loans by commercial banks by 0.25 percentage point to 5.35 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2.50 per cent…
Toronto condo market booming again
– theglobeandmail.com
While banks and other lenders return to the market, the latest wave of completions and sales signals recent lull could be over
