With the recent increase by TD Canada Trust in their line of credit interest rate, it has left many clients angry at this decision – especially when majority of people that this affected have been great clients in perspective to their payments. That said, Royal Bank of Canada (RBC) is running a promotion which will

As you may know, we are getting rid of the pennies. The reason for this is that the government has realized it makes no sense to actually keep it. The fact is, it costs more than the penny is even worth to product. Now I am all for removing it, however not a fan of

It is official; the financial product of the year has been announced and the winner will come at no surprise to many people. What is Product of the Year? Product of the Year is a distinction award for consumer products that reward innovation, and Canada’s most discerning critics determine it. Product of the Year has

BMO Bank of Montreal has recently announced the launch of BMO Lifetime Cash Flow, an industry first product that allows Canadians aged 55 and over with a guaranteed cash flow for life. This new product is a great addition to the suite of deposit products that comprise the BMO LifeStage Retirement Income Portfolios. Retirement can

The world’s largest retailer, a great place to shop for practically any item, recently announced its launch as a bank in Canada, after it received regulatory approval in Canada. Wal-Mart applied with the Office of the Superintendent of Financial Institutions (OSFI) in 2008 to offer financial services, which includes interest earning deposits in Canada. Yesterday,