Canadian Banks

Interest Rates To Rise As Canadian Banks Now Riskier Than U.S.

The Huffington Post Canada | Daniel Tencer | Posted 05.11.2016 | Canada Business

Banks stuck between an oil crash and huge consumer debt.

Did Watchdog Break Rules By Not Naming Penalized Canadian Bank?

CP | Alexandra Posadzki, The Canadian Press | Posted 04.07.2016 | Canada Business

Fintrac is keeping the name of a penalized Canadian bank secret.

Canada's Banks May Have To Shoulder More Mortgage Risk

CP | Alexandra Posadzki, The Canadian Press | Posted 03.15.2016 | Canada Business

Some experts worry Canadian banks are too eager to lend mortgages.

Warning Sign: Banks Place Canadian Oil Companies On Watch List

CP | Ian Bickis, The Canadian Press | Posted 03.07.2016 | Canada Business

CIBC, RBC, Scotia each added nine oil firms to their watch lists. The companies' names are secret.

2016 Should Be The Year Canadians Get Over Ourselves

Rondi Adamson | Posted 01.11.2016 | Canada Living
Rondi Adamson

The Canadian propensity for self-aggrandizement is in form these days. It started with the massive coverage of the arrival of Syrian refugees at Pearson International Airport in December. While many were drowning in self-congratulations, all I could think about was a scene from Woody Allen's 1973 film, Sleeper.

Canadian Bankers' Bonuses Rise To $12.5 Billion Amid Layoffs

The Huffington Post Canada | Daniel Tencer | Posted 12.08.2015 | Canada Business

Meanwhile, bank bonuses in other countries are going the other way.

Canada's Banks Made $4 Million In Profit Every Hour This Fiscal Year

CP | Alexandra Posakzi, The Canadian Press | Posted 12.03.2015 | Canada Business

TORONTO — Canada's six biggest banks saw their profits climb higher over the past year, despite concerns that the sluggish economy, a slowdown in co...

Trouble Coming For Canada's Banks, Moody's Says

CP | Alexandra Posadzki, The Canadian Press | Posted 11.04.2015 | Canada Business

TORONTO — Moody's Investors Service says the impact of low oil prices on the consumer loan books of Canadian banks is likely to start showing when ...

Bets Against Canadian Banks Soar As Layoffs Hit Scotia, TD Bank

The Huffington Post Canada | Daniel Tencer | Posted 10.23.2015 | Canada Business

Investors are increasingly betting against Canada's financial institutions, as evidence grows that the country's biggest banks -- not long ago conside...

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

CP | Alexandra Posadzki | Posted 09.10.2015 | 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.

Canadian Banks Defend Mortgage Practices After Broker Fraud Claims

CP | Alexandra Posadzki, The Canadian Press | Posted 08.28.2015 | Canada Business

TORONTO — Some of Canada's biggest banks are defending their verification practices for mortgage applications in light of recent news that mortgage ...

Canadian Business: Five Things To Watch For This Week

CP | The Canadian Press | Posted 08.23.2015 | Canada Business

Stock Market: Traders will be keeping an even closer eye than usual on economic events at home and abroad after major indexes in Canada and the U.S. officially moved into correction territory last week, largely on fears of a greater than expected slowdown in China.

Oil Price Crash Sparks Concerns For Canadian Banks' Health

CP | Alexandra Posadzki, The Canadian Press | Posted 08.21.2015 | Canada Business

TORONTO — The ongoing oil price plummet and a spate of bleak economic indicators have sparked renewed concerns about Canada's banks, which are set t...

Canadian Banks' Record Profits ‘Achieved At Expense Of Customer Satisfaction': J.D. Power

The Huffington Post Canada | Daniel Tencer | Posted 07.30.2015 | Canada Business

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. ...

Canadian Banks Partially Lower Prime Rate

CP | Craig Wong, The Canadian Press | Posted 07.16.2015 | Canada Business

OTTAWA - The move by the Bank of Canada to cut its key interest rate will help consumers out a little, but experts say with rates already near record ...

Canadians Are Still Stumped by TFSAs

Caroline Battista | Posted 07.07.2015 | Canada Business
Caroline Battista

Canadians may be able to save more in their Tax Free Savings Accounts (TFSA) but most are still confused by how the account actually works. Tax Free Savings Accounts (TFSA) seemed like a simple concept when it was announced in 2009. Canadians over the age of 18 were allowed to save up to $5,000 per year in a TFSA. But the rules are easily misinterpreted. I know several people who have been hit with overcontribution fines.

Canadian Banks On Hook For Hundreds Of Millions After Oil Price Crash

Bloomberg | Posted 04.22.2015 | Canada Business

Canada’s biggest banks are on the hook for at least $478 million of the $26 billion owed to U.S. oil and gas firms that bought protection against pl...

Canada's Banks Losing Customers To 'Robo-Advisers'

CP | Alexandra Posadzki, The Canadian Press | Posted 06.01.2015 | Canada Business

TORONTO - Canada's financial services industry is set for a shakeup, and some of the country's biggest banks are taking note.Fed up with pricey mutual...

Meet Canada's Trillion-Dollar Banks

The Huffington Post Canada | Daniel Tencer | Posted 03.02.2015 | Canada Business

There’s a new top dog among Canada’s banks, but this dog is used to being number one. Royal Bank of Canada has edged out TD Bank as the country...

Suddenly, Canadian Banks Don't Look All That Safe

CP | The Canadian Press | Posted 04.01.2015 | Canada Business

TORONTO - Barclays has downgraded the stocks of three of Canada's biggest banks, citing concerns about the country's economic growth.Analyst John Aike...

Canada's Banks Brace For Possible Bad Times

CP | Alexandra Posadzki, The Canadian Press | Posted 03.16.2015 | Canada Business

TORONTO - Canadian banks are taking a hard look at their energy and consumer loans as they brace for the possibility of a prolonged period of depresse...

Canadian Banks Downgraded Because Feds Won't Vow Taxpayer Bailout

CP | The Canadian Press | Posted 10.11.2014 | Canada Business

TORONTO - Ratings agency S&P has downgraded Canada's biggest banks to "negative" over concerns about the federal government's stance on possible bailo...

Banks Should Offer No-Fee Accounts To All Poor Canadians

Janelle Vandergrift | Posted 08.05.2014 | Canada
Janelle Vandergrift

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.

Forecast: 70-Cent Loonie Coming

The Huffington Post Canada | Posted 01.29.2014 | Canada Business

A California hedge fund manager who notoriously went all-in against the Canadian economy last year expects the loonie to fall to 70 cents. Vijai Mo...

The Biggest Winners And Losers In Canadian Business, 2013

The Huffington Post Canada | Sunny Freeman and Daniel Tencer | Posted 01.25.2014 | Canada Business

What is it with international Canadian brands soaring and then fizzling? Remember Nortel? It was one of the biggest companies in the world until i...