Ever since the iPhone first came out, I was intrigued with the idea of apps and how they can benefit the user. Over time, we begun to see financial institutions take advantage of these apps, and as such we began seeing the development and distribution of mobile banking apps. We have seen smartphones become a
Archive for the ‘News’ Category
Paying the bills despite Canada Post Strike
The past few days I have been seeing various articles concerning the Canada Post going on strike. To be honest, I did not think much of it; it simply did not hit me what would happen when my mail would not be delivered. It only hit me when a relative was expressing her concern on
Protecting yourself from Identity Thieves
I always take some time to search the internet and see if there people are using more creative methods to steal your important information, ultimately stealing your identity and your money. One of the most common forms thieves use to get financial information is sending out fake emails requiring you to click a link in
Bank of Canada Leaves Rate Unchanged
The Bank of Canada has announced that it will be keeping interest rates at its low levels, once again giving no hints as to when they will be begin to raise them. What this means it that the Bank of Canada will be maintaining its target for the overnight rate at 1%. This marks the
RBC’s Net Income up 13%
Royal Bank of Canada (RBC) has released its quarterly report for the second quarter, which ended in April 30th, 2011. RBC’s net income has reached $1.506 billion, which is an increase of 13% from the same period last year; earnings are $3.345 million for the 6 months that ended April 30th, 2011, which is an
National Bank Profits Increases Resulting in Dividends being Raised
National Bank of Canada has increased its net income by 13% in the second quarter, and has also announced that it will be increasing its quarterly dividend by 5 cents. The net income for the quarter that ended on April 30th was $295 million or $1.48 per diluted share, compare with $261 million or $1.50
BMO’s Profits Soar to $800M
BMO Financial Group has reported an adjusted net income of $804 million or $1.35 per share for the second quarter that ended on April 30TH, 2011. Compared to the same period a year ago, the results have shown an increase from $52 million. BMO has announced that the third quarter dividend of $0.70 per common










