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
RBC and Scotiabank Credit Downgrades: What You Should Know + MORE Feb 1st
Canada’s banks were praised during the global financial crisis for being rock-solid – but times seem to have changed, as two of the nation’s biggest lenders, RBC and Scotiabank, recently took hits to their credit ratings.
Why have these lenders been downgraded? Should banking consum.... More »
Should You Give Your Teen a Credit Card? Dec 16th
Over one-third of Canadians share a joint credit card with their partner, parent, or child, according to a recent survey conducted by Rates.ca. Among the parents who share their credit card with their children, 63% said that managing their children’s purchases is less difficult than it was two ye.... More »
Making sense of the markets this week: October 23 Oct 21st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bank on higher interest rates leading to increased profits
U.S. earnings season is in full swing, and the banks were some of the fi.... More »
Scotiabank profit rise pushes big bank profits up 20% to almost $10B this quarter + MORE May 30th
Scotiabank boosted its second-quarter net income by 30 per cent to $2.06 billion, in a period that saw all of the country's biggest banks shrug off concerns about high house prices and overstretched borrowers..... More »
Before It’s Too Late! Best Credit Card Welcome Offers of June 2019 Jun 3rd
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that adds va.... More »
The News InternationalWest imposes new Russia sanctions, Putin defiantThe News InternationalKIEV: -The United States and European Union hit Russia with tough new sanctions Friday in a coordinated riposte to Moscow´s "unacceptable behaviour" in Ukraine despite a fragile truce. Moscow responded by accusing its foes of seeking to derail the peace …EU, US Introduce Sanctions on Russia's Largest Banks, Energy and Defense …RIA Novostiall 4,178 news articles »
Your Finances: Fall Back on Track
– ratesupermarket.ca
September is in full swing – but have you blown your budget all the way to the new year? A recent study finds a $500 left-field expense is all it would take to derail 30% of Canadian finances.
The good news? This fall can be your unofficial fresh start. Whether or not you’re a student, read on for ways to spend less and save more.
3 Ways: How to Really Save When You’re a Student
A recent study finds 30% of Canadians couldn’t handle a surprise $500 expense. What can you do to ensure you’re covered financially? High-interest savings are a great basic way to kick start your rainy day fund – especially if you’re a cash-strapped student. Read on to learn more about your options.
Read Andrew’s Blog | How to Really Save When You’re a Student>
5 Golden Rules for Student Credit Card Use
Should college students carry credit cards? An American study finds more millennials are choosing not to have one. This seems responsible – but are they hurting their own credit histories? Read on for the 5 golden rules of student credit card use…
The good news? This fall can be your unofficial fresh start. Whether or not you’re a student, read on for ways to spend less and save more.
3 Ways: How to Really Save When You’re a Student
A recent study finds 30% of Canadians couldn’t handle a surprise $500 expense. What can you do to ensure you’re covered financially? High-interest savings are a great basic way to kick start your rainy day fund – especially if you’re a cash-strapped student. Read on to learn more about your options.
Read Andrew’s Blog | How to Really Save When You’re a Student>
5 Golden Rules for Student Credit Card Use
Should college students carry credit cards? An American study finds more millennials are choosing not to have one. This seems responsible – but are they hurting their own credit histories? Read on for the 5 golden rules of student credit card use…
Analysts see problems with new Argentine law to restructure government debt, sidestep US banks
– canadianbusiness.com
BUENOS AIRES, Argentina – A law designed to restructure Argentina’s debt and sidestep a U.S. court ruling that pushed the government into default could be difficult to apply and worsen the country’s frail economy, analysts say.
Argentina’s congress approved the bill early Thursday and President Cristina Fernandez formally enacted it later in the day, calling it a “historic event.”
The law would let Argentina pay bondholders locally to skirt the U.S. financial system, which is bound by a U.S. court order restricting the South American country’s repayments. The measure also allows creditors abroad to exchange their bonds for new ones not bound by U.S. rules, and it encourages investors to move their Argentine debt from the U.S. to Argentina or France through a debt swap.
The law was backed by governing party lawmakers, but criticized by the opposition and several economic analysts.
“This law will have many difficulties in being applied effectively,” said Matias Carugati of the Buenos Aires-based Management & Fit consultancy…
Argentina’s congress approved the bill early Thursday and President Cristina Fernandez formally enacted it later in the day, calling it a “historic event.”
The law would let Argentina pay bondholders locally to skirt the U.S. financial system, which is bound by a U.S. court order restricting the South American country’s repayments. The measure also allows creditors abroad to exchange their bonds for new ones not bound by U.S. rules, and it encourages investors to move their Argentine debt from the U.S. to Argentina or France through a debt swap.
The law was backed by governing party lawmakers, but criticized by the opposition and several economic analysts.
“This law will have many difficulties in being applied effectively,” said Matias Carugati of the Buenos Aires-based Management & Fit consultancy…
The News InternationalWest imposes new Russia sanctions, Putin defiantThe News InternationalKIEV: -The United States and European Union hit Russia with tough new sanctions Friday in a coordinated riposte to Moscow´s "unacceptable behaviour" in Ukraine despite a fragile truce. Moscow responded by accusing its foes of seeking to derail the peace …EU, US Introduce Sanctions on Russia's Largest Banks, Energy and Defense …RIA Novostiall 4,178 news articles »
