There is a major battle going on in the financial services industry, and your welfare is at stake. What's the war over? Whether or not the person you're trusting to invest your money is legally required to act in your best interest. Right now, they only have to make sure the investments they're selling you are "suitable." I would like to see legislation for fiduciary duty and I'll tell you why.

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 ...

While it took a few years after the financial crisis for financial services start-ups to get their business models refined to the point where they can come to market they are here now, and these alternative financial services technology companies are becoming viable and increasingly common sources of financing for entrepreneurs and small businesses.

In this day and age of free market orthodoxy, the banks don't like to think of themselves as having any sort of "moral obligations," only obligations to shareholders. But the protection Canadian banks enjoy -- the same protection that has allowed them to prosper internationally -- means that the banks do not operate in a free market environment, and if they want to continue having their cake and eating it too they should accept they have responsibilities towards the Canadians who have little choice but to bank with them.

TORONTO - Change is afoot at the big Canadian banks, as some of its top leaders near retirement age just as the economy runs into fresh challenges wit...

OTTAWA - The federal financial supervisor has slapped a too-big-to-fail label on Canada's six largest banks, declaring they will need to carry a bigge...

These are disguised but true stories. A director who has never operated a plant or worked in the company's industry chairs the board's health and saf...

OTTAWA - A leaked draft of part of the Canada-Europe trade talks shows that Canada's vaunted banking system is on the negotiating table.The Canadian P...

Debates about debt are noisy and nasty and extend across the developed world. Squeaky wheels get the oil, or escape cuts to their spending, but the solution is unaddressed and improperly framed. The issue is about "extractive elites" -- who they are and what to do about them.

Women relate to each other though stories, and through this process they learn and grow. Money is one of the last taboos and is something many of us are uncomfortable discussing. Creating safe and open spaces for women to talk about money is one of the missing gaps in financial and investor education.

The International Monetary Fund today takes a deeper look at why banks in Canada and a handful of other countries withstood the 2008-2009 meltdown, w...

It has all come to where we are today: Loss of confidence, loss of trust, and staggering market losses. This is the time for transparency, authentic conversation, honesty and humility. Those who display this behaviour have a chance to slowly regain the shattered trust of their customers. Straight talk. Honest talk. Committed talk. No spin. No rationalization. The industry messed up, and the public wants to hear the truth.

TORONTO - Royal Bank (TSX:RY) said Thursday it is raising its dividend as earnings increased 73 per cent in the third quarter, marking its highest qua...

TORONTO - Canadian bank customers surveyed in an annual poll are less satisfied with their financial institutions than they were a year ago, at least ...

Another sordid example of banksterism -- money laundering -- surfaced this week accompanied, not surprisingly, by a blistering global poll that shows faith in capitalism is shrinking. The HSBC (Hong Kong and Shanghai Bank Corporation), the largest financial institution in Europe, revealed "major internal-control problems" and plans to apologize for its lapses next week to members of a U.S. Senate subcommittee into terrorist and trafficking money laundering.

Canadians have yet another reason to be wary of bankers: A scandal is brewing across the pond in the United Kingdom that may have serious international effects on consumer confidence in the financial system. No, seriously, this affects everyone from retirees to kids trying to pay off student debt.

If Canada’s housing market experiences the price correction so many analysts and institutions expect, it won’t just hurt the homeowners who bought...

MONTREAL -- Canada's financial institutions say they've developed voluntary guidelines for mobile payments that will work with technology already in p...

Canada’s banks may have needed massive financial aid during the banking crisis of 2008, but they’ve recovered nicely -- or at least better than ma...

With growing demands that governments must increase taxes on the rich, there's a strong possibility that some participants at the upcoming G20 finance ministers meeting in Washington will take aim at the banks with renewed calls for new taxes. Yet Canada already has a bank tax in place.

TORONTO - Most Canadians still aren't pulling out their phones to check their bank account balances and pay bills but experts and users alike expect a...

TORONTO - TD chief executive Ed Clark said Thursday that Canada's second-largest bank will show more growth in the coming year despite the economic th...

Gail Vaz-Oxlade is, in her words, "seriously pissed." The author of the best-selling Debt-Free Forever and host of the popular TV show Ti...