Parsad

LOL! That was awesome! Very well done. Cheers!

Late 70's, very early 80's. Very rare now if you get to know the bank manager by a first name basis...maybe smaller towns. They rotate big branch managers quite a bit now...staff may stay for decades, but managers often are moved to different branches every few years. I was like 10/11 years old and would ride my bike to the Bank of Montreal branch were my savings account was...about 8-9 blocks from my house. I would take my $1-2 of allowance I would save up every 2-3 weeks and go deposit it in my account. They would take my savings account book and print the deposit and balance for me with a printer on their desk...I would have to fill out a deposit slip before depositing. A couple of the tellers knew me because they knew my father as a customer. I would often go with him on Friday afternoons or Saturday mornings if the branch was open. Back then nothing was open Sundays, and very few financial institutions were open even Saturdays...and if they were, they closed by 3pm! Cheers!

Oh wow! That's a high limit. Most I've seen in the past are for up to $1M and most institutions have it at $500K. Cheers!

Thanks Richard! There must be a limit on how much you can move, right? Also, does it have to be all cash or cash/securities are ok too? Cheers!

Hmmm...see, all the stuff in the 2nd paragraph I don't use. I only keep a little more than a months worth of funds in my checking accounts, otherwise the cash all sits in my cash brokerage accounts at each institution in short-term T-bills and provincial fixed income bonds...I get about that same rate overall and like the security. I don't use margin at all or borrow. The TD First Class Travel Visa card I use right now has a fee, but I usually recover more than the cost by the discount and extra value I get by using the travel points through TD/Expedia. It has all the same insurance coverages as well as mobile phone coverage. I think WS will continue to grow rapidly and take market share away from many players! Cheers!

LOL! Viking...it was an agreement in principle. Like the saying...you break it, you buy it! Cheers!

Yeah, RBC's platform is horrible! I don't keep any trading accounts there...just corporate holding company, RRSP and TFSA...as well as credit products, checking accounts, etc. The trading accounts are at TD...I actually like their platform a lot. First time I had a major problem like this with them in 9 years...so I'm just wondering if it will happen again on a big day...whether it's a sell off or huge up market. Cheers!

Thanks Hoodlum! No, it's definitely TD. I had no problem with my other accounts at RBC. Pretty much gave up on TD today. Will see what happened later tonight or tomorrow. How do you like WS? In terms of the trade platform...transfers...speed...account options? Other banking if you do any there? I've stayed at RBC and TD mainly because of all of the other services I use at both banks. I'm trying to keep everything at just two banks, so if I get hit by a bus tomorrow, it's easy for my family to find everything and deal with it. Cheers!

Anyone using TD today in Canada? They are having major problems with their trading desk on like the biggest day of the year. I've been on hold for 2 hours trying to find out if my online trades went through or not, as they are not updating properly. Have no idea what has happened today with the account! Cheers!

Anyone using TD today in Canada? They are having major problems with their trading desk on like the biggest day of the year. I've been on hold for 2 hours trying to find out if my online trades went through or not, as they are not updating properly. Have no idea what has happened today with the account! Cheers!

Yeah, that's smart...I think that's a hell of a lot safer. Especially with how notorious banks are about being first in line and when they cease a property. Cheers!

Yeah, but you have to admit...we all knew one or both of these fuckers (Bibi/Regime) would try and get a last shot in or could risk any potential agreement. I mean, Greg probably smelled it last week it was so obvious! He probably bet on it last night and has gone long the VIX! Cheers!

Yup. I have all of those except I've never rented an apartment...but i carry no balances on any other than the mortgage. My credit score is well over 800. I've lent money to other businesses through my businesses, but never on a personal basis really. We always based it on the business and also did not run a credit check. We were always first in line as a secured creditor. If a bank or other institution was first in line, we did not invest. Cheers!

Oh, I remember that and I'm probably somewhat younger than you. You actually would have to sit down with the manager and apply for credit. They would grant it based on your application, history and business. I used to also go in with my father whenever he went to see his bank manager...a relationship that lasted for nearly 30 years from when my father first had to borrow money to bury his own father (I wasn't born yet) to the multiple properties he bought over decades. Even after my father died over 30 years ago, we still are friends with his bank manager and he wrote us a 7 page letter when my father died back in 1991...we still have it! That relationship/friendship with our family is now over 60 years old and the manager retired from banking just 2 years ago after a 60 year career! But it was much harder to get credit then. I didn't get my first credit card till my first day of university...they practically were handing applications out to all of the students as you picked up your books and schedule! I'm sure many students, including myself, used it recklessly at that time. I had a couple of tough lessons with credit cards when I was younger. For the last 20 years, I've never paid a nickel of interest, never carried a balance past the due date, and have no debt other than my small mortgage at a low interest rate. Cheers!

I agree! My uncle and first cousins are Minnesotans. They've lived in Minneapolis for 40 years! He's a professor at the University of Minnesota...double PhD, MSc, BSc! Cheers!

Also, Trump had a crapload of debt problems over the years...and he wrote The Art of the Steal! Cheers!

They usually don't have credit cards in their names either. A lot of shit thrown Minnesotan's ways in the last year. Maybe a teeny bit of exaggeration by the MAGA nutjobs and Trump? I mean there's more fraud coming out Trump's butt than there probably was in all of Minnesota! Cheers!

Yup. We were still in pretty good shape until the pandemic. I think everything went to hell globally in the last 5 years in terms of fiscal responsibility. Some of it necessary, a lot of it overkill and recklessness by governments. Now everyone has to find a way to pay for it for the next couple of decades! Cheers!

Minnesotans aren't only great at fraud, they have the best average credit score in the U.S.! Ohhhh, Somali's! https://finance.yahoo.com/personal-finance/banking/article/average-credit-score-in-america-by-state-212908597.html Guess who has one of the worst average credit scores? Texas! Cheers!

For governments these days with their fiscal irresponsibility...yes, it virtually is the holy grail to them. But this is just common sense and it seems as though politicians can't help themselves and spend, spend, spend. Blame it on everything from the pandemic, inflation fighting, demographics, health, education, support for the citizens, tariffs, war, etc. But never, "hey, maybe we need to get our fiscal house in order TODAY!" Cheers!

The Chretien/Martin governments were an excellent example. They cut spending enough to keep it flat and balance the budget, and also reduced corporate and personal tax rates enough to spur investment and grow the economy. That allowed GDP to catch up to debt nominally, and over time reduced Canada's debt to GDP to the lowest in the G7 when Martin was finished. Balancing the budget goes a long ways. I'm hoping that Carney is slowly guiding Canada down a similar path! Cheers!

Not true at all! Again, you cannot say one specific agenda is the root cause. Corporate tax rates have decreased steadily in the U.S. since the 1980's...they are near the lowest they've been in 80 years: https://taxfoundation.org/data/all/federal/historical-corporate-tax-rates-brackets/ Somewhat similar with Canadian corporate rates as well...but the reductions weren't quite as huge: https://hillnotes.ca/2021/11/02/corporate-income-taxes-in-canada-revenue-rates-and-rationale-2/ One of the other biggest contributors to the disparity in wealth has also been lower income citizens inability to maximize available tax shelters against their income...like RRSPs, RESPs, TFSAs, etc. If you have limited disposable income, how do you maximize these tax shelters? Lastly, the change in demographics has been a huge contributor to the disparity in wealth. Fewer people paying into the tax coffers as the number of younger taxpayers supporting the system drops over the last 50 years. This occurring as even more and more women joined the work force! If both spouses are working, costs for childcare, transportation, clothes, food, etc all rise. Combined with rising housing costs due to immigration and you have more and more people falling behind. So yes, some progressive policies like increased immigration, increased social programs, etc have something to do with the wealth disparity, but they aren't the sole cause. The greatest contributing factor is probably the reduction in corporate tax rates. But then the question arises, if the U.S. is reducing rates, how does Canada not follow suit to stay competitive? Thus you have the problem you have! Cheers!

It still wouldn't even come remotely close to the total wealth accumulated by the top 10% and especially the top 1%. This type of disparity hasn't existed in the U.S. since the early 1900's when you had the robber barons ruling and owning huge swathes of land, resources and business assets. If you assume the bottom 50% own the entire...I'm talking the ENTIRE underground economy in the U.S...that is about $2T. The top 10% own nearly 65% or about $60T+! So no need to be careful with statistics...they aren't lying here! Cheers!

Yup, you are gone now for 30 days! I warned you and everyone else about using bigoted language.

You guys all like to reinvent history! Iran refused to let IAEA inspectors in before the 12 day war in June of 2025, thus why the war started in the first place. Iran then agreed to zero stockpiling of enriched uranium and to convert existing stores into energy grade before the U.S. bombing in February 2026. They never agreed to give up their nuclear material! Even now in their 10 point proposal they don't want to give up their nuclear material! So exactly what have they learned other than to keep lying to everyone?! https://www.pbs.org/newshour/world/un-nuclear-watchdog-says-its-unable-to-verify-whether-iran-has-suspended-all-uranium-enrichment https://thehill.com/policy/international/5759623-iran-nuclear-deal-stockpiling/