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Is there an economic activity more democratic than comparison shopping? In the lending industry, borrowers have long held the right to vote with their wallets and choose solutions that fit their budge...
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Many in venture capital preach the gospel of raising equity, saying that a small piece of a large pie is better than a large piece of a small pie. This is often self-serving. Although sometimes raising equity makes sense, entrepreneurs are too often on the side of parting ways with equity too easily, so that isn't the best advice.
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The Canadian fintech marketplace is growing with significant speed. Canadians' adoption of financial technology -- or fintech -- is expected to triple over the next year according to Canadian advisory...
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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.
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We're looking at roughly 220,000 payday lending customers here in Alberta. Thankfully the NDP government here in Alberta has announced new legislation on payday lending. The government is proposing the lowest payday lending rates in the county while simultaneously fostering better alternatives to help people get short-term credit.
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Banks stuck between an oil crash and huge consumer debt.
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The Canadian fintech space has never been more exciting. From mobile wallets and online banking, to robo-advisors and peer-to-peer lending; startup after startup, we're finally catching up to what has been business as usual in the States, and while it's taken a little longer to catch on here in Canada, there's little doubt fintech is already having a huge impact on Canadian banking.
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Lenders have been using a person's credit report for years to judge their overall creditworthiness and the risk that they might default and become a bad debt. However, financial institutions often use another measure, a bankruptcy score, to refuse a loan application for someone who may otherwise have good credit.
The biggest financing issue that SMEs face is when banks reject their loan; SMEs are not aware they have alternative options. As we head into the homestretch of the Federal Election, I want to send a message to the successful leader that this issue hasn't been talked about yet, but should be part of their consideration moving forward.
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With mortgage rates likely about as low as they can go, it may seem like a sure bet to lock into a fixed rate. But homeowners should be focused less on rates and more on the bigger issues of affordability, eligibility and, most importantly, maintaining good credit.
Canadian credit card companies are "scaring customers to pay up" in an aggressive new tactic to collect outstanding debts from customers, says B.C. man Sukhpaul Badyal. The Burnaby electri...
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 depressed oil prices.The chief executive of Royal Bank of...
How might plummeting home values impact Canadians? It's not entirely clear and that's frustrating for mortgage brokers and real estate insiders alike.
A B.C. couple are speaking out about how they feel they were misled into a 25 per cent vehicle loan from TD, which has left them paying more than double the price of their car. “We’re paying $21,000...