Group RESPs charge heavy penalties for early withdrawal - something that has led to a push for clearer disclosure of the plans' risks, costs and benefits.

The head of Canada's major banking organization will retire in the spring of 2011, the industry group announces.

A new report by Statistics Canada goes a long way to reinforcing the oft-heard message that a higher education opens the doors to better employment and economic opportunities.

Scotiabank says it is introducing a separate global wealth management division as the bank reworks its structure into four businesses.

The Bank of Canada should boost interest rates one more time on Wednesday and then could leave rates alone for as long as a year, according to many economists.