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Students Managing their Finances

Students Managing their Finances
In the world today it has become widely accepted that having a post secondary education is a necessary prerequisite in the job market. As more and more student’s head to university and college, a fact that remains is that many will be stuck with debt upon graduation. According to an RBC/ Ipsos Reid poll, 60% of Canadian ... Full story
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Fraud Victums Get Go-Ahead for Class Action against RBC

Fraud Victums Get Go-Ahead for Class Action against RBC
In recent news, a Quebec judge has given the go ahead to victims of the Ponzi schemer, Earl Jones to proceed with a class action lawsuit against the Royal Bank of Canada (RBC). Former clients of the financial adviser allege in the $40 million suit in which the Montreal area branch of ... Full story
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RBC: Economic Confidence Growing

RBC: Economic Confidence Growing
Across Canada we are seeing an increase economic confidence with the majority of Canadians, 67% to be exact believing that the overall outlook for the economy is good. In the last quarter, it was 54% believing this confidence level. The data is in accordance to the June RBC Canadian Consumer Outlook Index. 55& of Canadians believe that ... Full story
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Bank Decrease Residential Mortgage Rates

Bank Decrease Residential Mortgage Rates
Today we have major banks making adjustments to their residential mortgage rates, which will take effect June 25th, 2010. The adjustments made today is decreasing mortgage rates by 0.10%, which is somewhat of a surprise seeing as the Bank of Canada recently increased the overnight rate by 0.25% to 0.50%. The banks, which have made this change, ... Full story
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G20 Second Explosive Arrest Made

G20 Second Explosive Arrest Made
The huge security bill for the G20 summit is definitely not for nothing; so far there has been a second arrest made as part of police investigations into G20 security. The Toronto Police arrested Kristen Peterson, just days after the arrest of her common law husband Byron Sonne. The police has yet to reveal what sparked ... Full story
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Toronto G20 Summit Security

Toronto G20 Summit Security
On May 19th, 2010 a firebombing of a Royal Bank of Canada (RBC) took place, which invoked many fears of violence in the Toronto summit of G20, which is occurring this week. The group, which was responsible for the attack on the bank branch, calls themselves FFFC, and they uploaded a video onto YouTube, which showed ... Full story
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Cash Back Rewards Preferred Among Canadians

Cash Back Rewards Preferred Among Canadians
In a recent RBC press release, an RBC poll found showed that 33% of Canadian cardholders prefer cash back to any other type of incentive, compared to merchandise rewards, where 27% of Canadians prefer this, or travel rewards, where 23% of Canadians prefer this type of reward. Travel and merchandise ... Full story
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ING DIRECT A Bank on A Social Media Mission – Interview with Mark Nicholson

ING DIRECT A Bank on A Social Media Mission - Interview with Mark Nicholson
Banks, like most major corporations in Canada and in the United States. Have no clue how to deal with Social Media. They have no clue how to get involved and they don't even know if it is really worth it. ING Direct is arguably one of the first banks in Canada ... Full story
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Canada’s Big Banks Report Boost in Profits

Canada's Big Banks Report Boost in Profits
Today, we have three of Canada’s big banks, Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), and TD Bank Financial Group report large gains in their second quarter profits. Despite these large gains, the earnings ... Full story
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Housing Affordability Increases as Home Prices Rises

Housing Affordability Increases as Home Prices Rises
Homeownership costs in Canada has risen once again, making this the third straight quarter across all housing segments, as a strong real estate market and increases prices have made it more expensive to own a home. This information is in accordance with the latest housing report released by RBC Economics Research. The RBC Housing Affordability measure captures ... Full story
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