Low Borrowing Rates Mean Higher Debts
A recent report by CIBC said that Canadian households have increased their debt loads in the first six months of the year by $44 billion. We have lower interest rates to thank for that.
Read moreUp, Up and Away Goes the Loonie
Canadians are once again mystified the Canadian dollar could be trading for 94 cents US. How is this possible? The truth is, it’s not so much Canada being stronger, it’s other countries, the United States in particular, hitting a weak spell.
Read moreCanadian ABM Turns the Big 4-0
Are we really closing in on forty years of automated bank machines? Yes, we are. On December 1, 1969, CIBC brought forth the first Canadian bank machine.
Read moreFollow the Leader to Lower Variable Rates
I’ve said it before and I’ll say it again; when one Canadian bank makes a mortgage move, the others will follow.
Read moreLower Prices Mean Lower Value
Retail manufacturers are lowering prices in response to budget conscious consumers, but that does not mean they are taking the hit by lowering profits.
Read moreFeds May Tighten the Leash on Bankers’ Pay
The Canadian Minister of Finance, Jim Flaherty, made comments last week about stronger regulations regarding the bonuses that financial industry employees receive.
Read moreCanada’s Top Five Banks are Safe
While Wall Street and Bay Street think the Canadian Banks are “sleepy”, Global Finance has allotted each of the top five Canadian Banks a spot on their list of fifty safest banks in the world.
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