Canadians are growing increasingly dissatisfied with their banks and rising fees are among the main reasons why, says a new study from J.D. Power. “Record profits for retail banks in Canada are being...
Like the cable and phone companies, Canadian banks are often accused of trying to gouge customers with service fees. The justification from Canada's Big Five financial institutions is that they...
In case you're unaware of today's headlines, starting June 1, RBC will be introducing supplementary account fees. Why? Because they can. And few, if any will do anything about it.
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Many of Canada’s big banks are raising fees for customers, adding millions to their bottom lines amid a slowdown in lending and a hit to revenues from the oil price shock. Canada’s biggest bank, Royal...
The accounts, not to be implemented until 2015, are only for low-income seniors and youth. These banks should extend this benefit to the large number of Canadians between the ages of 18 and 65 who are also currently living in poverty. It is critical that services for low-income people are universal and not create divisions between the deserving and the un-deserving poor.
Over the last year, for example, there has been an increase in the number of firms that are offering Private Investment Council or Private Investment Pools. Why? Because people are foolish enough to believe that these things are special. What a load of crap!