banks this year is investing in advanced technologies like data analytics and artificial intelligence. In part 1 of this episode, Santanu and Yair discuss the latest wave of innovations disrupting the industry, like generative AI, and the resulting business opportunities emerging for Canadian...
The prime rate, also referred to as the prime lending rate, is an interest rate set by large Canadian financial institutions, such as the Big Six banks. While each bank sets its own prime rate, the posted prime rates for major banks are often the same. Their prime rates depend on the...
Money Market Accounts:Investors can choose aTreasury money market mutual fund. Such funds typically have low fees and low yields limited by rates on the shortest-term Treasury bills. The U.S. Treasury's Office of Financial Research tracks the investments of U.S. money market mutual funds in ...
Understand the money implications of a government shutdown. Rachel HartmanDec. 17, 2024 Tips for Retirees in a Shutdown A looming government shutdown may be scary, but as a retiree you can control your own finances to stay afloat.
Banks will markup the exchange rates of currencies to compensate themselves for the service they provide. Shopping around may save you money as some companies will have a smaller markup, relative to the market exchange rate, than others.
Most banks have money market accounts, or some kind of high-interest savings account you can use. I like using Tangerine for my high-interest travel savings, and have had no complaints. Special Deal forProfessional HoboReaders in Canada
“The banks just have so much influence that it will be hard for others to get in there.” The government seems to be most of all pushing the security benefits of the shift, said Pigeon. Competition seems to be a lower priority, he said, with a cautious approa...
“It’s essentially free money that boosts your retirement savings,” Burskey says. You need to be vested in the 401(k) plan to keep your employer's contributions to the plan, which might require several years on the job. Consider a Roth 401(k) While traditional 401(k) plans allow ...
Owned by the Canadian government, BDC’s business loan interest rates may be higher than those offered by the country’s big banks, but can nonetheless be more favourable than those charged by some alternative lenders. Business loan eligibility requirements Once you’ve found the right loan ...
Travel money guide: Germany How to pay, how much to bring and travel money suggestions for your trip to Germany. Travel money guide: Ecuador How to pay, how much to bring and travel money suggestions for your trip to Ecuador. Canadian money travel guide How to pay, how much to brin...