Two of Canada’s largest lenders, RBC and Scotiabank, had their credit ratings downgraded last week by Fitch and Moody’s respectively. What’s behind this downgrade – and should banking consumers worry?
More By Sean Cooper:
TD is the latest bank to unveil a round of higher banking fees – hardly the news consumers, who are already squeezed by the lower loonie, want to hear. Fed up with rising fees? Sean Cooper shares his tips for fighting back.
Toronto home prices have been on the rise for two straight decades, according to RE/MAX Canada. What has driven price appreciation in the Six? Read on for our breakdown.
Rising grocery prices will squeeze Canadian wallets this year, as a low loonie and slow growth season mean less to go around. How can you make the most of your food budget? Frugal living expert Sean Cooper shares his top tips for saving at the grocery store.
It’s been a tough start for Chinese and North American Markets, as new year trading sees huge slides due to selloffs in Asia and low oil prices. What do investors need to know?
Is CPP expansion still a possibility? The nation’s finance ministers gathered recently to discuss the option, but no action has been taken. In today’s challenging economic climate, it’s not clear when expansion will happen – but all agree something must be done to improve retirement in Canada.
Bank of Canada Governor Stephen Poloz recently stated that negative interest rates could be a possibility in bad economic times. How does this monetary policy work? And how would consumers and borrowers be affected?
Canada condo starts have hit the highest levels since 1971, according to the latest data from CMHC. What does this mean for home buyers? Read on for our breakdown.
The new Liberal government has officially passed the middle-class tax cut, along with a few other tax changes. How will you be affected? Read on for our breakdown.
The Liberal Throne Speech touched on hot election promises such as tax cuts for the middle class, and a new version of the child care benefit. Read on for our full recap of the economic issues discussed.