BREAKING: BMO’s at it again! The lender has introduced a 2.79% 5-year fixed – the lowest rate historically offered for this term from one of Canada’s nationally-regulated big banks.
OSFI, the national bank regulator, has deemed six of Canada’s largest lenders as “too big to fail”. What does this mean for banking consumers – and what measures are being put in place to protect our banks in case of another national recession?
Manulife Bank of Canada lowered their rate to 2.89%, only to retract it due to Finance Minister Jim Flaherty’s urging.
A new round of Moody’s downgrades has cut the ratings of 6 Canadian banks by one notch. What does this mean for Canadian consumers and borrowers?
Six Canadian banks have received warning for possible Moody’s Ratings cuts. What is the purpose of this rating system, and how will a cut affect investors and the Canadian economy?
Canadians are feeling much more confident about their jobs. A BMO poll shows that optimism is up by 11 per cent regarding company expansion, opportunities for promotion and increasing expectations for pay raises.
We know we’ve been all about the rewards credit cards lately – but that’s because they offer you so many fantastic options! But did you know there are cards out there for the sports fan, art aficionado, even the charitable giver? We take a look at some of the best niche specialty credit cards to help you find the best rate and deals – for all your interests!
Well, they’ve done it again! BMO shattered the competition for a second time this year by dropping their 5 year fixed rate to 2.99 per cent (available until March 28th). How did CIBC, RBC, TD and Scotia respond? With the same “If you can’t beat ‘em, join ‘em” theory they had back in January 2012. Behind the 2.99 per cent rate from BMO there are (what some would pin as) limitations, when compared to their standard product line. Here are the parameters.
They’re back! After speculation that rates would never return to the 2.99 per cent mark, BMO sent a shock wave through the mortgage industry earlier this week by offering the rate over a 5 year term.
Bank of Montreal (BMO) shocked the mortgage market by dropping its Low Rate 5 year fixed mortgage to 2.99% effective today, January 14, 2012. It is a limited time offer that is available only until January 25, 2012. This is the all time lowest fixed mortgage rate we’ve seen offered by a big bank, and …