https://padlet.com/hayley_burgess11/kr8eu2yjt7dm Assignment Two: Research Report en-us 2019-04-02 00:54:07 UTC 2026-03-08 18:02:46 UTC hello@padlet.com hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347434034 I have chosen to research about the Bank of Canada and other Finical institutions for many reasons, I hope to learn more information about which bank will be best for me in the future, to learn about the different types of finical institutions they are in Canada and to research the pro and cons of each different type of Bank. By the end of this project I hope to have a better understanding of the banking options available to me and how to utilize them in the future.  

]]> 2019-04-02 01:06:26 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347434034 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347445445 This is a great tool for a beginner to learn the basics of banking in Canada, the types of banks Canada has to offer and the difference between styles of banks.  I enjoyed learning about how credit unions may be more of a reliable source compare to commercial banks and large companies. I believe that this is a good video to show the basic styles of banking in Ontario and how they can be used to your advantage based on the type of accounts you are looking to invest in. In conclusion, I enjoyed what I have learned from this video and I will consider my options to use commercial banks going forward.  

]]> 2019-04-02 02:06:53 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347445445 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347447736 There is a lot of controversy over the use of new technology such as, online banking, free banking and online money management. Although I do not have a lot of experience with free banks online, I do know how easy it is to manage my money online with my current banking app and I do see convenience of it. This video is a good defense to the online banking and shows a lot of positive points that defends there online banking companies. Overall, I do believe that this is a very useful and informative video that shows some of the truths to online banking.   

]]> 2019-04-02 02:21:01 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347447736 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347450126 In this video it explains how the Bank of Canada is in control of the interest rates that set the standard all across Canada, and how an everyday Canadian can be effected from the change of interest rates based on the Bank of Canada’s standard. This video shows how high interest rates affect the cost of housing, the bank interest rates, investment interest rates and overall an increase in cost to the average Canadian. I do believe that the standard interest rate set by the Bank of Canada does affect our everyday lives as Canadians and if we have the opportunity to invest in our market with low interest, we should. 

]]> 2019-04-02 02:37:07 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347450126 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347450622 The first video I have chosen for this project is a very good descriptive video on what are banks, what do they do and how credit can help you to be successful in the future.  It is a great overall view of the banking systems of the world, how they work, how they make income and generate money for our economy to grow. I understand that this is only the being steps to learning about the Canadian banking systems and many other things to learn and understand about credit. With understanding the basics, it will become easier to understand the trickier systems of the Bank of Canada. 

]]> 2019-04-02 02:39:52 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347450622 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347453264 This is a website that explain what the three types of financial institutions there are, gives a very good definition of each institution and gives examples of each. The three major types of financial institutions are Banks, Trust Companies and Credit Unions, each have different options for storing, saving or investing your money. Keep in mind the time frame you are wanting to invest, the amount of money you need to store and how you want to access your money. In conclusion, do your research and find out which financial institution works best for you. 

]]> 2019-04-02 02:53:41 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347453264 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347454088 Although there are many options for banking world-wide and outside of Canada, the three main financial institutions used in Ontario are Deposit-taking institutions, Insurance companies and Investment institutions. Deposit taking institutions include banks, credit unions, trust companies, mortgage loan companies and building societies. Insurance companies sell insurance to protect your assets in case of theft, damage or fire. Investment companies, help you invest your money and grow the Canadian Market. Overall, there are many ways to invest, earn and protect yourself from all with the financial institutions that are available to all Ontarians. 

]]> 2019-04-02 02:58:39 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347454088 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347454370 This is the official Bank of Canada website and has a reference to the financial systems in here in place in Canada. It is a very good over view of what financial systems we have in place in Canada and how you can use them to your advantage. Being from the Bank of Canada website it is a very reliable source for Canadians to use as it is coming straight from the government. I would highly recommend you taking a look over this website to see what options are available for you to use and to learn about how our systems in Canada work.   

]]> 2019-04-02 03:00:03 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347454370 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347454567 This is an overview of the Bank of Canada's financial systems review, a yearly review that allow the government to see how there systems are working and what we can do to improve them. The first step is to increase the housing markets value allowing for increase in equity in your home. The second point is lowering the interest rate that are used within the financial systems.  In conclusion, this is a report with a lot of very useful information contained inside. I highly recommend that you look over the financial system reviews to see how the systems are working. ]]> 2019-04-02 03:01:03 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347454567 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347457534 This is an outside view of the Bank of Canada Building located in Ottawa. Being the bank of Canada it is only fit to reside in our nation’s capital. 

]]> 2019-04-02 03:18:37 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347457534 hayley_burgess11 https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347458915 2019-04-02 03:29:13 UTC https://padlet.com/hayley_burgess11/kr8eu2yjt7dm/wish/347458915