Word: canadas
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Dates: during 1990-1999
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America, don't beat up on yourself over the killings in Jonesboro. In Canada we also have violence and murder committed by schoolchildren. The U.S. has almost 50 million school-age youngsters. The acts of two or three should not be used to condemn the entire country. MICHAEL SILVERBROOKE North Vancouver...
...interest income is a function of the interest spread--the difference between the rates charged to borrowers and the rate paid to depositors. Given that Canadian banks are reasonably profitable, ranking just behind the U.S., you'd think that this means that the spread is much higher in Canada. It's not. Historically it has been consistently lower, and over the last five years, it has been fully one-third lower than...
Then, with acceptable profits, lower service charges and lower interest spreads, those Canucks must be suffering with some pretty miserable service, eh? Wrong again. Canada has the highest number of branches of all G-7 nations and the second largest number of automated banking machines...
Furthermore, many "invisible" elements of the banking system function much more efficiently in Canada than in the U.S. The payments systems, that labyrinthine set of collection depots, clearing houses and funds transfer networks that enable such mundane financial instruments as personal checks and automatic payroll deposit tend to run much more smoothly. For example, a check written by a New Yorker for a purchase in a store in Los Angeles store with its accounts in a Californian bank can take up to four days to clear. In contrast, a check written in Vancouver on a bank account in Halifax...
...addition, Canadian banks are among the most innovative in the world. Debit and stored value cards were pioneered in Canada, while both are still just catching on in the U.S. Also, Internet banking is more advanced in Canada, with a higher percentage of bank customers using computer-based distribution channels, despite lower PC penetration...