The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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4 Cost-Effective Ways to Boost Employee Productivity + MORE Apr 23rd
Few business leaders have access to the capital they need to carry out all of their plans or strategies. Often, leaders have to make tough decisions regarding their resources and their budget. This means that anything a business leader can do to complete a project without breaking the bank can be in.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Apr 3rd
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
MoneySense Toolkit: The mortgage refinance calculator Jan 13th
Mortgage payment calculator
Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while you can reap substantial savings, there can also be high costs when refinancing a mortgage. That’s where a mortgage refinance calculator comes in. It can g.... More »
Bank of Korea unexpectedly cuts interest rate to record low, says growth weaker than expected + MORE Mar 12th
SEOUL, South Korea – South Korea unexpectedly lowered its benchmark interest rate Thursday to a record low of 1.75 per cent, joining central banks from Europe to India in efforts to revitalize sluggish economic growth.
The quarter percentage point cut was the first interest rate cut by the Ban.... More »
Investors flock to TD preferred-share offering despite lower yield + MORE Aug 30th
With financial institutions likely to follow in TD’s steps of lower yields, we now must ask: Have we seen peak yield?
.... More »
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-05-31. Click on the link above to get more details or apply online.
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
EU antitrust authority approves Bulgaria’s $2.25 billion credit line to banks facing runs
– canadianbusiness.com
BRUSSELS – The European Union’s competition authority says it has approved a 3.3 billion-Lev ($2.25 billion) emergency credit line the Bulgarian government is offering its banks to stabilize the financial system.
Rumours of liquidity shortfalls this month have caused panic and runs on deposits at major Bulgarian banks despite the authorities’ insistence that there was no reason for depositors to worry.
The EU Commission, the 28-nation bloc’s antitrust authority, said Monday Bulgaria’s loan doesn’t violate state aid rules and “provides the necessary and proportionate liquidity” to restore trust in the banks.
The Commission says the rumours hit the banks “despite the fact that the Bulgarian banking system is well capitalized.”
Bulgaria’s fourth-largest lender, Corpbank, has been put under special central bank supervision after suffering a run.
The post EU antitrust authority approves Bulgaria’s $2.25 billion credit line to banks facing runs appeared first on Canadian Business.
Rumours of liquidity shortfalls this month have caused panic and runs on deposits at major Bulgarian banks despite the authorities’ insistence that there was no reason for depositors to worry.
The EU Commission, the 28-nation bloc’s antitrust authority, said Monday Bulgaria’s loan doesn’t violate state aid rules and “provides the necessary and proportionate liquidity” to restore trust in the banks.
The Commission says the rumours hit the banks “despite the fact that the Bulgarian banking system is well capitalized.”
Bulgaria’s fourth-largest lender, Corpbank, has been put under special central bank supervision after suffering a run.
The post EU antitrust authority approves Bulgaria’s $2.25 billion credit line to banks facing runs appeared first on Canadian Business.
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Why Canada needs to push for a truly multilateral financial system
– theglobeandmail.com
Extending the network of bilateral swap agreements between wealthy countries to developing nations would be a win for everyone
