Bank Credit Card Guide & Banking News

CANADA STOCKS-TSX powers higher for 6th straight session - Reuters
TORONTO, Jan 6 (Reuters) - Toronto's main stock index finished higher on Tuesday for a sixth straight session on strength across its three biggest sectors -- financials, energy, and materials. The financial group shot up 3.6 percent as a third ...
Posted: Tue, 06 Jan 2009 22:13:00 GMT

CANADA STOCKS-Toronto index to open higher on energy shares - Reuters
TORONTO, Jan 6 (Reuters) - Toronto's main stock index is seen opening higher on Tuesday and adding to gains recorded in recent sessions as a rise in oil prices to a one-month high is likely to offer support to the resource-heavy index. The S&P/TSX ...
Posted: Tue, 06 Jan 2009 20:11:00 GMT

Mulvihill Premium Canadian Bank Quarterly Distributions Declared - Earthtimes
TORONTO, ONTARIO -- 01/05/09 -- Mulvihill Premium Canadian Bank (the "Fund") (TSX: PIC.A)(TSX: PIC.PR.A) has declared its quarterly distribution of $0.215625 on each of its Preferred Shares and $0.10 on each of its Class A shares, payable January 30 ...
Posted: Mon, 05 Jan 2009 21:03:00 GMT

Two Canadian banks move to boost capital positions - FXStreet.com
TORONTO, Jan 5 (Reuters) - Two Canadian banks announced new preferred share offerings on Monday as they looked to boost their capital positions. Toronto-Dominion Bank, Canada's second-biggest bank, said it planned to raise about C$225 million ($189 ...
Posted: Mon, 05 Jan 2009 20:41:00 GMT

Tax-Free Savings Account ideal as emergency backup fund - Globe and Mail
Amid some of the most abysmal financial conditions in decades comes the new Tax-Free Savings Account. Fortunately, the TFSA is battle-ready. In fact, it's an ideal way to prepare yourself for the worst effects of a troubled economy. Banks, brokers ...
Posted: Tue, 06 Jan 2009 19:21:00 GMT

At the open: Stimulus happy - Globe and Mail
North American stocks rose at the start of trading on Tuesday after investors grew more optimistic over Barack Obama's stimulus plan, now expected to top $775-billion (U.S.). The S&P/TSX composite index rose 115 points, or 1.2 per cent, to 9,400 ...
Posted: Tue, 06 Jan 2009 14:49:00 GMT

Canada News - Yahoo News
OTTAWA (Reuters) - Consumer confidence in Canada slumped between August and December, but pessimism over the economy was countered by relatively positive personal sentiment, according to a Harris/Decima Investors Group survey released on Friday ...
Posted: Mon, 05 Jan 2009 18:04:00 GMT

Other News - Atwonline.com
Southwest Airlines said it reduced its fuel hedge contracts to cover just around 10% of its estimated consumption each year through 2013. This year it expects to save approximately $1.4 billion compared to the guidance provided last summer as its ...
Posted: Tue, 06 Jan 2009 04:19:00 GMT

Banking 1991-2000 - Kommersant
Today there are about 1300 banks in Russia, with the largest of them concentrated in Moscow and St. Petersburg. The Russian banking system had just as many banks in 1991, when it was still Soviet. Up to 1995, the number of banks increased to 3000 ...
Posted: Sat, 03 Jan 2009 12:22:00 GMT