Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Canadians mostly happy with grocers despite bread price fixing scheme: survey + MORE Feb 21st
TORONTO _ A new survey suggests Canadians still have a strong relationship with their grocer _ with only about a third of respondents saying their view of their favoured retailer has worsened following revelations of an alleged industry-wide bread price-fixing scandal.
The annual online survey by Ar.... More »
Canada’s best rewards credit cards for 2023 Jun 17th
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The 10 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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9 Tips for Safer Online Shopping this Holiday Season Dec 18th
Holidays are time for shopping — but if you’re spending money online, you might want to do a few additional safety checks. There are plenty of opportunities to find deals, but not all is what it seems. Trust your instincts and take these steps to have a positive holiday shopping experie.... More »
Watchdog unveils guidelines to support mortgage-holders under financial stress - BNN Bloomberg + MORE Jul 5th
Watchdog unveils guidelines to support mortgage-holders under financial stress BNN BloombergStruggling mortgage holders could see lenders waive fees under new guidelines Global NewsCanada Adds Guidelines for Banks to Prevent Mortgage Defaults Financial PostWatchdog u.... More »
Prepaid Credit Cards vs. Prepaid Gift Cards Apr 23rd
If you’ve ever had to shop for “that” person in your life — the one who already has everything — you know that gift cards can be a lifesaver. They’ve been around for almost 26 years, growing into an essential part of any retail business.
More recently, prepaid gift cards branded with pa.... More »
Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015
– canadianbusiness.com
NEW YORK, N.Y. – Regulators have closed a small bank in Chicago, marking the fifth failure of a federally insured bank 2015.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the failed bank’s assets, and the Federal Deposit Insurance Corp. will retain the rest. The bank’s sole branch will reopen during normal business hours.
Edgebrook Bank had $90 million in assets and $90 million in deposits as of March 31.
The failure is expected to cost the FDIC $16.8 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the failed bank’s assets, and the Federal Deposit Insurance Corp. will retain the rest. The bank’s sole branch will reopen during normal business hours.
Edgebrook Bank had $90 million in assets and $90 million in deposits as of March 31.
The failure is expected to cost the FDIC $16.8 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Your May Money Update
– ratesupermarket.ca
Feel like you have less cash this month? You’re not alone – spending tends to heat up during the warm weather days – Canadians are out of hibernation and we’re ready to shop. Between hitting retailers, the open road and the open houses, it can be easy to go over budget as temperatures rise.
Whether you’re a mortgage shopper, or on the hunt for a new credit card, we have several ways you can save this month. Read on for more details.
More Mortgage Rules to Come This Summer
Sorry, homeowner hopefuls – there are a number of restrictions set to hit the mortgage market this June. OSFI, the entity that regulates mortgage lenders and insurers, has introduced new qualification requirements, and has done away with cash back mortgage products for some borrower groups. Will you be affected? Read on to find out.
Read Rubina’s Blog | More Mortgage Rule to Come This Summer
Automatic GIC Renewals: What You Need to Know
Guaranteed Investment Certificates are a great beginner investment: they’re low risk, need little strategy and you’ll always get your principal amount back, with interest on top…
