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
Fintech firms sharing unregulated advantage over Canadian banks + MORE Dec 16th
The speed at which banks can adapt to a newly competitive environment is hampered by the fact they must adhere to a strict and slow-to-change regulatory environment
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The best rewards credit cards in Canada for 2023 + MORE Nov 23rd
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The best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Computer Engineering Technology at Algonquin College Feb 2nd
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Maclean’s Education Hub »
(Dwayne Brown Studio/Algonquin College)
Algonquin College combines inno.... More »
How does a reverse mortgage work in Canada? + MORE Aug 29th
More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their.... More »
Microsoft outage: Heathrow, NatWest and Minecraft among sites down - BBC + MORE Oct 29th
Microsoft outage: Heathrow, NatWest and Minecraft among sites down BBCMicrosoft hit with Azure, 365 outage ahead of quarterly earnings report CNBCMajor outage at Amazon and Microsoft Azure takes down banks, airlines, Office 365, and even Minecraft Yahoo! Finance Cana.... More »
Euro falls to 4-1/2 year dollar low after European Central Bank chief Draghi hints at stimulus
– canadianbusiness.com
LONDON – The euro fell Friday to a 4 1/2-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying program to deal with alarmingly low inflation across the 19-country eurozone.
In an interview with the German financial daily Handelsblatt, Draghi said the risk the bank won’t fulfil its mandate to keep prices stable is greater now than it was six months ago.
“We have to avoid too-high inflation and we have to avoid too-low inflation as well,” Draghi said. “We are making technical preparations to alter the size, pace and composition of our measures in early 2015.”
For many in the markets, that’s a clear hint from Draghi that the bank stands ready to back a full-blown bond-buying program on the lines of those undertaken by other central banks, such as the U.S. Federal Reserve and the Bank of England. Many experts think the ECB could make the announcement Jan. 22 at its next monetary policy meeting…
In an interview with the German financial daily Handelsblatt, Draghi said the risk the bank won’t fulfil its mandate to keep prices stable is greater now than it was six months ago.
“We have to avoid too-high inflation and we have to avoid too-low inflation as well,” Draghi said. “We are making technical preparations to alter the size, pace and composition of our measures in early 2015.”
For many in the markets, that’s a clear hint from Draghi that the bank stands ready to back a full-blown bond-buying program on the lines of those undertaken by other central banks, such as the U.S. Federal Reserve and the Bank of England. Many experts think the ECB could make the announcement Jan. 22 at its next monetary policy meeting…
World stock markets higher on first day of 2015 trading
– canadianbusiness.com
World stock markets started 2015 on a positive note Friday as investors waited for cues from new economic data and central bank meetings in coming weeks.
KEEPING SCORE: In early European trading, France’s CAC 40 climbed 0.5 per cent higher to 4,293.23 and Germany’s DAX rose 0.3 per cent to 9,833.87. Britain’s FTSE 100 edged up 0.1 per cent to 6,572.01. Wall Street was set for gains. Dow Jones futures jumped 0.6 per cent to 17,858. S&P 500 futures were also up 0.6 per cent, at 2,065.10.
THE QUOTE: “Like awkward first introductions at parties, the start may be a tad subdued, but that should not be mistaken for a boring and quiet year ahead,” Mizuho Bank said in a market commentary. Investors will face “crosswinds” as the U.S economy strengthens and the Federal Reserve raises interest rates while central banks in Europe and Japan are likely to give more support to stumbling economies, Mizuho said.
AIRASIA CRASH: Shares of Malaysia-based AirAsia are down about 8 per cent this week after a jet with 162 people aboard crashed into the Java Sea on Sunday during a flight from Surabaya, Indonesia to Singapore…
KEEPING SCORE: In early European trading, France’s CAC 40 climbed 0.5 per cent higher to 4,293.23 and Germany’s DAX rose 0.3 per cent to 9,833.87. Britain’s FTSE 100 edged up 0.1 per cent to 6,572.01. Wall Street was set for gains. Dow Jones futures jumped 0.6 per cent to 17,858. S&P 500 futures were also up 0.6 per cent, at 2,065.10.
THE QUOTE: “Like awkward first introductions at parties, the start may be a tad subdued, but that should not be mistaken for a boring and quiet year ahead,” Mizuho Bank said in a market commentary. Investors will face “crosswinds” as the U.S economy strengthens and the Federal Reserve raises interest rates while central banks in Europe and Japan are likely to give more support to stumbling economies, Mizuho said.
AIRASIA CRASH: Shares of Malaysia-based AirAsia are down about 8 per cent this week after a jet with 162 people aboard crashed into the Java Sea on Sunday during a flight from Surabaya, Indonesia to Singapore…
Your 2015 Financial Start
– ratesupermarket.ca
Happy New Year! 2015 is upon us, and with it the promise of fresh financial opportunity. Will this be the year you create an emergency fund? Buy a home? Pay off that credit card balance for good?
Start your path to success with our top money pledges to make – and here’s to your most prosperous year ever!
4 Money Pledges to Make in 2015
Want to start the year with less debt and more spending power? Here are 4 money pledges to make in 2015 to make it your richest year ever.
Read Andrew’s Blog | 4 Money Pledges to Make in 2015
New Year’s Financial Resolutions for 20-Somethings
Do your new years resolutions include taking control of your money this year? You’re not alone. Here are our top to do’s in 2015.
Read Jaclyn’s Blog | New Year’s Financial Resolutions for 20-Somethings
The Best of MoneyWise 2014: Your Favourite Headlines
2014 has come and gone – and a lot has happened! To celebrate, we’ve rounded up our readers’ favourite headlines throughout the year…
