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Fed-up Clients Ditch Banks for ‘Transfer Day’
The social media-organized protest against big banks crescendoed Saturday, with hundreds of thousands of fed-up customers yanking their money from large corporate institutions to dump it into credit unions. Smaller community banks across the United States were recording an uptick... (Continue reading)
Occupy Toronto Takes to the Streets Again
As Occupy Canada protesters across the country spent a second day in tents set up in urban parks on Sunday, protesters in Toronto launched another march in the city’s downtown core and gathered at a central shopping area. Members of... (Continue reading)
Pros & Cons of Using a Credit Card-Only Spending System
When it comes to budgeting and spending money we all have our own unique plans. Some of us prefer to track every penny. Some people just go with the flow. Some prefer using cash-only, while others go card-only. I wanted... (Continue reading)
Recession May Have Ended But Economy Still in Hole
Two years removed from what many feared would be the total collapse of the world economic and financial systems, Canadians may be forgiven for asking — “What was the big deal?” The most severe global recession in six decades fizzled... (Continue reading)
Canada’s Largest Bank Goes Paperless
I know mobile phone companies are going paperless, setting off a lively debate. But I didn’t know that Canada’s largest bank had done the same thing. In May, RBC Royal Bank stopped sending paper statements to its personal banking clients.... (Continue reading)
How Canada Avoided A Bank Bailout
A helpful guide as to why Canadian banks avoided the global financial collapse of a few years back spearheaded by the American banks disastrous mistakes. It also goes into detail as to how the American banks woes are affecting Canadian... (Continue reading)
Why banks aren’t paying higher interest rates
So far in 2010, Canadians have opened 20 per cent more chequing and savings accounts than last year at this time. That amounts to about $100 billion in new deposits and Canada’s major banks have been fighting for a share... (Continue reading)
The Lottery and your retirement
Written on 27 Jun, 2010 at 23:23 in Personal Finance | Comments
Don’t be one of the boneheads counting on the lottery to retire. Here’s why: Your chances of retiring? Pretty close to 100% (unless, fate forbid, you die before you retire). Your chances of winning the Lotto Max? 1 in about... (Continue reading)
TYT: Canadian Banks vs American Banks
A very well spoken Cenk Uygur of the Young Turks explains the truth about the difference between Canadian banks and the American banks.... (Continue reading)
Beware the Debit Card
Written on 21 Jun, 2010 at 5:25 in Personal Finance | Comments
As a society, we love the convenience that comes with swiping a piece of plastic. However, many of us are wary of credit cards. Debit cards, though, are connected to your checking account, so, in theory, what you spend is... (Continue reading)
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