TORONTO – At a press conference held outside Toronto’s Friendly Harvest Food Bank, RBC announced its latest financial offering: the new Canadian Groceries Loan Program. The program aims to …
Tag: banking
CIBC unveils new “Pauper’s Grave” retirement plan
TORONTO – In an acknowledgement of the financial struggles many Canadians are facing, CIBC has announced a new investment plan to help customers scrape through lives of quiet desperation until th…
Banks concerned looming recession may hinder Millennial ability to build up crippling debt
OTTAWA — This week, financial analysts reported that the North American economy is showing major signs of a looming recession, which could negatively impact the abilities of youths to owe b…
Money finally arrives in your account after harrowing 5-day transfer
TORONTO – Overcoming seemingly impossible odds after having faced a gruelling heroic journey deep within the bowels of the financial system, the $67.89 you transferred from PayPal to your b…
Big 5 banks worried Canadians not saving enough for retirement of bank CEOs
TORONTO – The Big 5 Canadian banks are sending a warning to Canadians; save up or else their executives may not retire in excessive opulence. Last year, TD, RBC, CIBC, BMO and Scotiabank co…
Four bankers killed after giant novelty cheque bounces
MISSISSAUGA, ON – After receiving a deposit from a charity golf tournament, four Bank of Montreal employees found out the endorser had insufficient funds the hard way. Two tellers, a mortgage con…