Canadian Banks

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...

If Canada's Housing Market Crashes, These Guys Will Survive

CP | Posted 08.13.2013 | Canada Business

OTTAWA — The Fitch ratings service says it believes Canada's big banks can likely withstand a moderate to severe housing downturn — but they would...

Canada's Banks Used to Be Strong and Free

Alex Vronces | Posted 08.31.2013 | Canada Business
Alex Vronces

Canada's banks stayed afloat during the Great Recession without a real need for the taxpayer's life jacket, whereas American banks either sank or needed the taxpayer's life boat. But what is less known about our financial system is that its merits go beyond its resolve over the last decade.

World's Strongest Banks Ranked

CBC | Posted 07.01.2013 | Canada Business

Four of Canada's biggest banks have landed among the top 10 in a global ranking of the strongest banks, although two of them have seen their rankings ...

Bets Against Canada's Economy Reach A Frenzy

The Huffington Post Canada | Daniel Tencer | Posted 04.29.2013 | Canada Business

Global investors are turning against Canada’s economy, placing some of the largest bets on record that the country’s housing market, financial sec...

Bank Earnings Shock Analysts

CP | David Friend, The Canadian Press | Posted 04.30.2013 | Canada Business

TORONTO - Three of Canada's biggest banks delivered first-quarter results on Thursday that outshone analyst expectations, helped by improvement in the...

Bad News For 6 Canadian Financial Institutions

CP | David Paddon, The Canadian Press | Posted 03.30.2013 | Canada Business

TORONTO - Five big Canadian banks and a credit union were downgraded Monday by Moody's rating agency, which believes they will be more vulnerable than...

Alarm Bell Over Health Of Canadian Banks

CP | The Canadian Press | Posted 02.12.2013 | Canada Business

TORONTO - Standard & Poor’s has downgraded the ratings of six of Canada’s financial institutions by one notch.The credit ratings agency cites a so...