OTTAWA - Canada's top court has restored a Quebec trial judge's decision that penalizes five banks for failing to meet provincial disclosure requirements when they charged currency-conversion fees to their credit card customers.
WASHINGTON - Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.
MONTREAL - The first big test many university students face often has more to do with handling their financial affairs, in particular credit cards, than with scholastics. Unfortunately, say credit counselling agencies, it's one that too often many fail.
TORONTO - Canadian banks will soon provide customers with more information on the potential risks associated with products and services such as joint bank accounts, collateral mortgages and power of attorneys, federal Finance Minister Joe Oliver announced Wednesday.
TORONTO - The Canada Pension Plan is hiding the fact that its administrative costs have more than tripled since 2006 because of transaction and external management fees, according to a new report from a conservative think-thank.