https://padlet.com/evanhurtibese77/v794chjzw09zv90b en-us 2020-04-19 22:18:59 UTC 2026-01-07 20:44:48 UTC hello@padlet.com evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516195174 1. What did you learn about your topic that surprised you the most?
Answer: I was actually surprised that within Canada, 85% of banking Is done only within 5 banks (the big 5) that is incredible to think about considering there are 37.59 million people in Canada

2. Provide a real-life example of how this topic is relevant or interesting
for you.
Answer: this is an important topic for everyone actually. I believe if more people know about the way the bank of Canada and the financial institutions actually work they would be very confident in knowing there are people available to help and invest or borrow or give you the best options for your money. we should be confident in knowing they are there to help us in good and bad times

3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?
Answer: if I can pass on any information to family or friends it would be to do your research when buying or spending. Watch your interest rates and I feel very confident with The Bank of Canada that it will provide us with a stable rate for our economy.]]> 2020-04-20 01:02:27 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516195174 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516201289
This website is about The Bank of Canada who promotes economic and financial policies for Canada by creating a stable financial system. 

They include banks and credit unions, financial markets, and clearing and settlement systems.  They provide central banking services, including liquidity and lender-of-last-resort facilities. They will oversee and act and act as the resolution authority for critical financial market infrastructures. Their research and developments of policies help to implement policy. ]]> 2020-04-20 01:08:06 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516201289 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516201392
This website has some very informative information about the  Office of the Superintendent of Financial Institutions (OSFI). 
The OSFI regulates and supervises all of the banks in Canada. 

There are a number of frequently asked questions on this website with answers given to each one in very informative manner.
There were questions there that I also did not think about which was helpful in gaining more financial knowledge.

I found this website very useful as it answered a lot of questions I still had about the financial institutions. I was able to gain valuable knowledge with this information on this site.]]> 2020-04-20 01:08:12 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516201392 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209423
This video speaks about how the Bank of Canada works to keeps the financial market in check at all times.

Economists ensure in keeping rates balanced to maintain about a 2% inflation rate. When costs are up -  inflation rates are high, so people spend less and the economy can decline.
When inflation rates are low, stable and predictable people tend to spend more and the economy does well and stays strong.
Economists monitor what is going on in the country and the markets. Rates are then determined depending on what is going on in economy but The Bank of Canada tries to keep inflation rates balanced.
Bank of Canada maintains a confident, stable and a predictable system at all times.]]> 2020-04-20 01:15:44 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209423 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209617
This video talks about how XRP the crypto currency is going to help Canadian banks save up to 48%.

Crypto Currency is a digital money which acts as ordinary money but has no physical counterparts and cannot be carried around. It only exists in electronic form.

This also talks about how when you are trying to convert a crypto currency you can do so without being charged any additional fees on top. This is great for anyone that is into investing as they will maximize the profits can earn.]]> 2020-04-20 01:15:54 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209617 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209781
This video is about The Bank Act which is passed by parliament to regulate Canada's Chartered Banks.

There are 29 domestic banks, 24 foreign subsidiaries, 27 full service foreign branches and 3 foreign lending branches.  

Schedule 1 is for domestic banks and Schedule 2 is for foreign banks both are authorized under The Bank of Act to accept deposits which can be eligible for depositors insurance.

There are 5 Big banks in Canada which are known as the "The Big Five" they are:
1. CIBC
2. TD Bank
3. Royal Bank
4. BMO
5. Scotiabank]]> 2020-04-20 01:16:04 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209781 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209927
This video speaks about Financial Institutions. There are 2 Categories in financial institutions, they are Depository and Non-depository institutions.

A Depository Institution is (banks, credit unions)  these are legally allowed to take money from you.

A Non-Depository Institution is (mutual funds, investment trust, pension funds, security firms, insurance companies) is actually the middle man between the savers and the borrowers. They do not accept deposits from individuals or provide traditional banking services. They do however make loans individuals and businesses.

]]> 2020-04-20 01:16:13 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/516209927 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/518916144 The Bank of Canada was chartered in 1934 under the Bank of Canada Act.  
It is responsible for Canada's money policies. They promote a safe and stable financial system for Canada. It is located in Ottawa, Canada. ]]> 2020-04-21 00:30:53 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/518916144 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/518916263 A Financial Institution is a company in the business of dealing with money transactions such as deposits, loans, investments and currency exchanges.
 
Most people have a need to use some or more of these services available at all times in their lives.  ]]> 2020-04-21 00:30:59 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/518916263 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/518973346
This website tells you all sorts of important things about The Bank of Canada. 

It shows us who runs The Bank of Canada, It speaks of The History of The Bank of Canada, its board of directors. The policies and documents listed have very informative information for use at your finger tips. You can find financial reports and The Bank of Canada Act at this website as well. If you are seeking a career in banking you can also see if there are careers available to you here.]]> 2020-04-21 01:21:40 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/518973346 evanhurtibese77 https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/519000472 This website shows us all the different banks available in Canada. 
It tells us how each bank in Canada is classified, either as a "Big Five or Schedule 1 or 2". It shows us information about their incomes, assets and its employees.  It shows us locations across the country or globe for domestic and foreign banking. ]]> 2020-04-21 01:44:46 UTC https://padlet.com/evanhurtibese77/v794chjzw09zv90b/wish/519000472