Industry News

National Bank lowers residential mortgage rates

National Bank has adjusted its rates for residential mortgages. The changes are effective as of July 18, 2012, and are as follows: Fixed-rate closed term 6 months: Used to 4.45% and will now be 4% Fixed-rate closed term 1 year: used to be 3.5% and will now be 3.1% Fixed-rate closed term 2 years: used […]

By Staff |July 17, 2012

1 min read

CFIB calls for enhanced credit/debit card code

The Canadian Federation of Independent Business (CFIB) is asking Finance Minister Flaherty to strengthen the government’s Code of Conduct for the Credit and Debit Card Industry in Canada. The group’s request follows recent news that mobile payment options are rapidly expanding and growing in popularity. It also comes on the heels of a $7.25 billion […]

By Staff |July 17, 2012

1 min read

Investors question value of cash: Survey

More than three-quarters of investors say fear drives people to increase cash holdings, according to a survey by BlackRock Asset Management Canada. Further, 67% expect a guaranteed negative return from such an approach.

By Staff |July 17, 2012

2 min read

FPSC honours 15 planners

Financial Planning Standards Council (FPSC) announced the 2012 recipients of the Fellow of FPSC. The distinction is conferred on individuals who have helped Canadians improve their lives by engaging in financial planning.

By Staff |July 17, 2012

1 min read