Visa, Mastercard settle ATM fee lawsuit for $167.5M
Visa and Mastercard agree to a $167.5 million settlement over claims they conspired to keep ATM access fees high. Get the details on the class action lawsuit.
Category : Banking Finance
Bank of Japan Hikes Interest Rate, Ends Negative Era
The Bank of Japan raises its key interest rate for the first time in years, ending its negative rate policy. Discover the global economic implications and market reactions.
BoC Rate Hold to 2026: Variable Mortgage Outlook
The Bank of Canada signals a prolonged rate hold, stabilizing variable mortgages until late 2026. Learn how to navigate this period and prepare for potential future hikes.
Claim Your Share of $70M TD Settlement Before Dec. 20
Canadians have until Dec. 20 to file a claim in the $70.25-million class-action settlement involving TD mutual funds and trailing commissions paid to discount brokers. Learn if you're eligible.
Bank of England Cuts Interest Rate to 3.75%
The Bank of England has lowered its key interest rate from 4% to 3.75%. Discover the details and potential global economic impacts of this December 2025 decision.
Major Central Banks Tilt Towards Hiking Mode as Inflation Rises
Global central banks, including the Bank of Canada, are pivoting towards interest rate hikes as inflation concerns intensify. Explore the implications for the economy and markets.
OSFI Holds Domestic Stability Buffer Steady at 3.5%
Canada's banking regulator keeps the domestic stability buffer unchanged, citing strong bank performance and a $60+ billion capital cushion. Explore the implications for lending and the economy.
Banking regulator holds domestic stability buffer at 3.5%
Canada's federal banking regulator maintains the domestic stability buffer at 3.5% for major banks, signaling stability. Read the details and implications for the financial sector.
Canada defends U.S. carve-out in global minimum tax deal
Finance Minister François-Philippe Champagne defends a G7 tax agreement granting a U.S. exemption. China and EU nations object as OECD races for a year-end deal. Read the latest.
Toronto Proposed as Home for Defence Security Bank
Experts argue Toronto is the natural choice to host the new Defence, Security and Resilience Bank, leveraging its financial hub status to bolster allied security. Discover why Canada's bid hinges on its largest city.
Toronto Bids for New International Defence Security Bank
Toronto, backed by Premier Doug Ford and Mayor Olivia Chow, officially launched its campaign on December 17, 2025, to become the headquarters for a new international Defence, Security and Resilience Bank. Learn about the city's strategic push.
BMO's Head of Global Credit Trading Steve Thom to Retire
Bank of Montreal's head of global credit trading, Steve Thom, is retiring. The veteran banker joined BMO five years ago after a long career at RBC. Learn about the changes in BMO's capital markets division.
LaSalle police warn of phone banking scam using Uber
LaSalle police warn of a phone scam where fraudsters pose as banks and send couriers. Learn how to protect your personal and financial information from this growing threat.
Financial Crime Auditors Visit Canada After Major Fine
Global financial crime auditors conducted a three-week review of Canadian banks and government agencies in November. This follows a record penalty for a major Canadian bank. Learn the details and implications.
Generational Shift in Canadian Banking Under PM Carney
Prime Minister Mark Carney's first year highlights a generational shift in Canadian banking and economic policy. Explore the contrasts and key federal-provincial deals shaping the nation's financial future.
Final U.S. Cents Auctioned for $16.76 Million
The final batch of U.S. pennies has sold for a staggering $16.76 million at auction, marking the end of an era for the iconic one-cent coin. Discover the story behind this historic sale.
Bank of Canada Calls for High-Quality Backing for Stablecoins
The Bank of Canada outlines new regulatory stance, insisting future Canadian stablecoins be fully backed by high-quality liquid assets to ensure stability and protect users.
Bank of Canada to Regulate Stablecoins as 'Good Money'
Bank of Canada Governor Tiff Macklem outlines plans to regulate stablecoins, aiming to make them as safe as bank deposits. New rules expected in 2025.
RBC warns of ETF market-maker capital strain for 2026
RBC Capital Markets warns that limited market-maker capital could strain the $13 trillion ETF industry as U.S. regulators greenlight ETF share classes of mutual funds, potentially creating a bottleneck for new listings.
Shadow Banking Assets Hit Record $250 Trillion
Global shadow banking assets exceed $250 trillion for the first time, now representing 51% of all financial assets. Regulators warn of data gaps and systemic risks.
Big U.S. Banks See Jump in Overdraft Fee Income
A new report reveals a significant increase in overdraft fee revenue for 14 major U.S. retail banks in the first nine months of 2025, highlighting consumer costs amid economic and regulatory shifts. Learn what this means for banking practices.
Bank Card Fraud Scheme Stopped in LaSalle
LaSalle police have successfully disrupted a significant bank card fraud operation. Learn how the scheme was uncovered and what it means for local financial security.
Bank of Canada Seen Holding Rate Steady Through 2026
Economists predict the Bank of Canada will keep its key interest rate unchanged well into 2026 as inflation shows signs of cooling. Get the latest analysis and what it means for your finances.
Expert Tips for Canadians on Choosing the Right Bank
Financial expert Christopher Liew outlines key factors for Canadians selecting a bank, comparing big banks, credit unions, and online-only options. Make an informed choice for your finances.
Expert Tips for Picking the Right Canadian Bank Account
Financial expert Christopher Liew breaks down the key factors for selecting a bank account in Canada. Learn about fees, ATM access, and choosing between big banks, credit unions, and online-only institutions.
Kitchener man charged in attempted bank fraud scam
A Kitchener man faces charges following an attempted bank fraud investigation. Police detail the alleged scam and remind the public to remain vigilant against financial crimes.
Canadian Banks Benefit from Rate Cuts, Holiday Spending Tips
Analysis of recent Canadian bank earnings reveals benefits from falling rates. Experts also share smart holiday shopping strategies and a shift in Canadian travel away from the U.S.
CRA warns of critical illness insurance tax schemes
The Canada Revenue Agency warns Canadians about aggressive tax schemes using critical illness insurance. Participants face penalties, fines, and jail time. Learn how to protect yourself.
Loonie Jumps Above 72 Cents on Strong Jobs Report
The Canadian dollar soared above 72 cents U.S. after a surprisingly strong November jobs report, reinforcing expectations the Bank of Canada will hold rates. Discover the market impact.
Canada's big banks increase bonus pools by 15%
Canada's largest lenders set aside 15% more for bonuses in fiscal 2025, driven by busy capital markets and trading. Discover which banks led the increase and the factors behind the surge.
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