Big Banks
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How big banks dominate Canada’s financial landscapeThe tight hold on the Canadian banking market of RBC, TD, BMO, CIBC, Scotiabank and National Bank is not from a lack of others trying.EconomyApr 19, 2023
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Fintech credit card space is growing. Here’s what you should knowOn the personal credit card side, companies like Brim and Neo are trying to lure customers with promises of more seamless, app-based digital experience.MoneyOct 24, 2021
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Trudeau says he’ll raise taxes on the big banks to pay for COVID-19 recoveryThe Liberal leader says he will raise corporate income taxes on Canada's largest banks and insurance companies by three per cent on earnings above $1 billion.MoneyAug 25, 2021
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TD, CIBC report massive profit drops amid COVID-19Payment deferral programs are weighing down the banks' financial performance.MoneyMay 28, 2020
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Can you trust your bank? Here’s what to watch for based on a new financial watchdog reportA review of Canada's Big Six banks by the Financial Consumer Agency of Canada found risks of "mis-selling."MoneyMar 20, 2018
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Hamilton demonstrators demand more affordable banking for everyoneMike Wood, the group's local chair, says it's currently cheaper to take out a payday loan that it is to overdraw your bank account.MoneyNov 30, 2017
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Saving for multiple goals? Finally, there’s a big-bank app for thatScotiabank is introducing a bank account that allows customers to create several savings buckets and earn a higher interest rate for longer term deposits.MoneyAug 24, 2017
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Why didn’t Canada’s money-laundering watchdog name a bank fined $1.1M?A financial crimes expert says the federal anti-money-laundering agency breached its own standards by not identifying the Canadian bank it has fined $1.1 million for not reporting suspicious transactions — an assertion the watchdog denies.CanadaApr 6, 2016
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Unnamed Canadian bank fined $1.1M for failing to report suspicious dealingThe federal anti-money laundering agency has levied a $1.1-million penalty against an unnamed Canadian bank for failing to report a suspicious transaction and various money transfers.CanadaApr 5, 2016
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Here’s how much profit Canada’s big banks made this yearDespite concerns that a sluggish economy, tapped out borrowers and low rates could weigh on results, the country's big banks continued to crank out huge profits.CanadaDec 4, 2015
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