Canada Banks

How To Protect Yourself From Financial Fraud

Rubina Ahmed-Haq | Posted 03.27.2017 | Canada Business
Rubina Ahmed-Haq

As a personal finance expert I know how important security is. You can spend years saving wisely, only to be duped by a savvy fraudster. Read about all of that in the Little Book of Scams provided by the government of Canada. It outlines all the latest ways fraudsters are trying to get their hands on your information.

Spotlight On TD's Selling Tactics Threatens To Unravel Its Brand

Robert Waite | Posted 03.13.2017 | Canada Business
Robert Waite

TD, for those who may have missed it, has been the subject of a series of CBC stories in which "hundreds" of employees and former employees allege they were being pressured to "squeeze" customers to improve the bank's revenues and profitability.

How Transparent Are Online Lenders?

David Gens | Posted 02.24.2017 | Canada
David Gens

Is there an economic activity more democratic than comparison shopping? In the lending industry, borrowers have long held the right to vote with their...

Bank Branches Are Disappearing Like Pay Phones (What's That?)

The Huffington Post Canada | Emma Paling | Posted 01.11.2017 | Canada Business

Online and mobile banking is overtaking the need for brick-and-mortar banks.

Canadian Banks' Condescending Ads Are Seriously Insulting

David Martin | Posted 01.04.2017 | Canada Business
David Martin

Generally speaking, television advertisements seek to boost the viewer's ego by suggesting that he or she is a smart, savvy consumer. Recently, however, I've noticed one glaring exception to this rule: TV ads for Canadian banks.

Financial Crime And The Rise Of Regtech

Stephen Ufford | Posted 10.25.2016 | Canada Business
Stephen Ufford

The emergence of fintech brings forth a new set of regulatory challenges as enforcement agencies and governments wrangle with a difficult question: How to create regulations for this new sector to keep the public safe -- without squashing innovation?

Shift To Enterprise Fintech Puts Customer Experience First

Kevin Sandhu | Posted 10.19.2016 | Canada Business
Kevin Sandhu

When I started my company in 2014, I was excited to build a "fintech" company that used technology and data to reinvent banking for everyday consumers. Since then, fintech has rapidly become a buzzword.

Fintech Isn't Disrupting Big Banks As Much As You'd Think

Mike Gardner | Posted 08.04.2016 | Canada Business
Mike Gardner

The unsexy truth is, larger companies are better positioned to innovate than start-ups. They have more money, more man-power, a more trusted brand, and most of all, more ways to reach their customers. Out of all bank customers, some are technology enthusiasts who moved entirely to robo advisers as soon as they could.

The Fintech Revolution Is Just Getting Started

David Lester | Posted 05.19.2016 | Canada Business
David Lester

You can now open savings and chequing accounts, manage your retirement and investment accounts and get loans online, never mind being able to leave your wallet at home and use your phone to buy everything. Here are the top companies that can take you from money 2D banking to 3D.

Why Betting On An Economic Meltdown Is Enriching Gold Investors

Marc Davis | Posted 05.02.2016 | Canada Business
Marc Davis

Something wicked this way comes! So say many leading stock market forecasters, who worry that a bubbling witches' cauldron of global economic woes is in danger of boiling over. Consequently, the threat of a renewed global recession looms large, they warn.

Canada And Mutual Fund Fees: Why We're Failing

Ludovic Siouffi | Posted 02.26.2017 | Canada Business
Ludovic Siouffi

In a 2015 global study by Morningstar, Canada's investment environment was rated the worst in the developed world when it came to Fees and Expenses. Don't worry, though, there's good news; our D- score is up from the F earned in 2014. The real question is the implication of our less-than-impressive grade.

How Refugees And Newcomers Can Access Canadian Bank Services

Christine Shisler | Posted 02.24.2017 | Canada Business
Christine Shisler

One of the first things you'll need to do is open a Canadian bank account. This will give you a safe place to deposit and access your money whenever you need it. Canada's banking system can differ from other countries, and it takes time to understand the various types of financial institutions, bank accounts and services available.

Money For The Privileged, Austerity For The Rest Of Us

Jeff Begley | Posted 12.08.2016 | Canada Politics
Jeff Begley

I decided to give you a short list of the Couillard government's extraordinary spending this fall for friends of the Liberal Party. You see, the list speaks for itself and shows how much the austerity we are confronted with varies depending on who's involved.

Newcomers Are Leading The Way In Small Business Ownership

Christine Shisler | Posted 10.28.2016 | Canada Business
Christine Shisler

Owning a business requires long hours and hard work, and it may take years to show a profit. For a newcomer, there can be additional challenges in the beginning including limited contacts in Canada, familiarity with local language and business practices, and as Cristina found, access to credit.

Bank Branches Built For Millennials

David Lester | Posted 10.27.2016 | Canada Business
David Lester

Money isn't about numbers. It is about people, and values, and goals. The centre of a bank or for anyone coaching people to be better with their money should reflect that. It should be like a Home Depot for finances -- we can show you and cheer you on to do it yourself or be here for the hard stuff and take your hand when you need it

5 Reasons to Convince Your Parents to Get Out of Mutual Funds

Tea Nicola | Posted 10.24.2016 | Canada Business
Tea Nicola

We've all probably met a financial advisor who told us to buy a "balanced mutual fund," and hard sold their own company's "top performing" fund. They tell a good story, but do they really have our best interests at heart?

How to Teach Your Kids About Money

Kathy Buckworth | Posted 10.06.2016 | Canada Parents
Kathy Buckworth

With the first day of school well behind us, and students settling into new routines, now is a great time to take up some learning outside the classroom. Many school curricula don't include financial literacy, so demonstrating the value of money in real world situations has extra importance.

Canadian Banks Not Ready To Meet Needs For Mobile Payments: Report

CP | Alexandra Posadzki | Posted 09.10.2016 | Canada Business

If banks don't improve their online user experience, their ability to sell consumer credit products, car loans and mortgages may become diminished.

NDP Calls On Ottawa To Ban 'Pay-To-Pay' Bank Fees

CP | Craig Wong, The Canadian Press | Posted 06.30.2015 | Canada Business

OTTAWA - The NDP has called on Ottawa to ban so-called "pay-to-pay" fees charged by Canada's big banks.NDP MP Andrew Cash said Thursday that he wants ...

Is There Any Point in Saving Money Anymore With These New Bank Fees?

Douglas Hoyes | Posted 04.01.2015 | Canada Business
Douglas Hoyes

Thanks to the government of Canada (and most other governments around the world) pushing interest rates to very low levels, there appears to be no point in saving money. Banks pay zero interest on a typical savings account, and GICs aren't much better. What's the point of saving?

Lessons On the Dangers of Income Inequality... From TD Bank

Dr Ryan Meili | Posted 02.27.2015 | Canada Politics
Dr Ryan Meili

It is perhaps discouraging that the health effects of inequality have not been sufficiently concerning to drive decision-makers to change policies, but a new kind of evidence may make a greater difference. It's not only the people in unequal countries that are sicker, it's their markets as well.

Bankers Beware: Here Comes Disruption

Diane Francis | Posted 08.16.2014 | Canada Business
Diane Francis

Toronto's and Ontario's cash cow -- banking -- is going to face increasingly rough seas. This won't happen immediately, but a steadily downward trajectory affecting profits and employment is clear. At a recent high-level conference in New York on the future of finance, the news was great for consumers but grim for the world's bankers.

This Economic Cycle's Oxymoron: More Growth, Less Cash

Peter Hall | Posted 07.08.2014 | Canada Business
Peter Hall

Cash has been plentiful in emerging markets. Between 2009-2012 as quantitative easing ramped up, there was a massive expansion in borrowing on global bond markets by emerging market (EM) sovereigns, banks and companies. As a result, EM economies are now closely integrated into global debt markets, and thus more affected by actions taken in Developed Markets (DMs), particularly the withdrawal of quantitative easing (QE).

Big Change Coming At CIBC

CP | Ross Marowits, The Canadian Press | Posted 06.24.2014 | Canada Business

MONTREAL - CIBC says it is eyeing big-ticket acquisitions in the United States as the Toronto-based bank seeks to boost earnings from wealth managemen...

Don't Get Upsold - Treat Your Bank Like a Store

Tim Paziuk | Posted 06.12.2014 | Canada Business
Tim Paziuk

Is our financial system broken or just designed to take advantage of the average person? When you go to the bank to make a deposit or pay a bill are you expecting to be sold? Probably not, but it happens all the time.