At WOWA, we are committed to providing financial industry professionals and researchers with the most relevant and up-to-date data on the financial landscape, especially banking industry data. At WOWA Data Labs, our team of experts collects and analyzes data daily, weekly, monthly and quarterly from various authoritative sources, including government agencies, banks, and other institutions to provide you with comprehensive insights.

Easy access to accurate and reliable financial and economic data is needed for making informed decisions in the financial industry. With WOWA Data Labs, you can save time and effort by accessing all the necessary data in one place. Our user-friendly platform allows financial executives and researchers to view specific data or browse through different datasets easily.

Becoming a paid user at WOWA Data Labs means gaining access to a wide range of valuable data and insights beyond the free information already available on WOWA.ca. As a financial professional, it's essential to understand historical interest rates and analyze competitors to determine the right interest rate for products like savings accounts.

As an example for bank performances, while users can read summarized data and view graphs for free on WOWA.ca for up to five quarters, paid users gain access to a comprehensive historical data file that lets them see the evolution of each financial institution’s performance in Canada. Besides bankers, researchers at universities or government institutions may use our data to conduct more comprehensive research.

Our database is constantly growing and being updated to provide users with the most relevant information. We also offer customizable data sets for businesses or organizations requiring specific research or analysis data.

What Type of Data Can You Find on WOWA Data Labs?

We offer a wide range of data that covers various aspects of the Canadian financial system and economy. Some examples of the types of data and insights you can find on our platform include:

Guaranteed Investment Certificates (GIC) Rates

Get access to current and historical GIC rates data for most terms and covering most GIC providers in Canada. WOWA Data Labs provides the most accurate and up-to-date GIC rates data by collecting rates directly from each provider website, in a process called data scraping, or by getting rates directly from the lenders. Our data includes GIC rates for various terms such as 1-year, 3-year, 5-year, and more for non-redeemable, redeemable, and registered GICs from top providers in Canada.

Note: Interest for 3-month and 6-month GICs are paid at maturity.

*Compounded monthly

Monitoring Competitors' Rate Changes

GIC providers can use the extensive GIC rate data provided by WOWA Data Labs to perform comprehensive comparisons and strategic evaluations of their own GIC offerings and benchmark their rates against the competition. Access to WOWA Data Labs' real-time data also allows providers to immediately identify any shifts in competitor rates. Providers can make informed strategic decisions by understanding the timing and magnitude of competitors’ rate changes.

Stay informed on the latest interest rates for savings accounts from various financial institutions across Canada.

Updated daily, our savings account rates data covers both traditional and online banks, as well as fintech companies such as Neo and Wealthsimple. With this data, financial institutions can ensure their savings account rates are attractive and competitive compared to other financial institutions, enhancing their appeal to potential customers and retaining existing ones.

View current and historical bond yield data for Canadian government bonds, including 5-year and 10-year government bond yields and 1-month to 1-year treasury yields. This data can be used to conduct yield spread analysis for products such as GICs. By analyzing the spread between yields, such as between 5-year fixed mortgage rates and 5-year government bond yields, users can calculate the risk premium and potential returns associated with these products to optimize their investment portfolios and make more informed decisions about asset allocation.

WOWA Data Labs offers current and historical mortgage rate data from over 40 mortgage lenders and major brokerages in Canada for almost all terms. Mortgage rate data is collected by WOWA Data Labs three times daily, with the most recent change saved for each day, providing users with up-to-date and reliable information.

The data provided includes mortgage indices, which are mortgage rate baskets tracked by WOWA that include the average rate of 10 large Canadian mortgage lenders. With access to this data, financial institutions can gain insights into market trends, competitive positioning, and industry benchmarks and make informed decisions about their own offerings. This level of analysis, supported by up-to-date data, allows banks to stay ahead of the competition and remain agile in an ever-changing market.

WOWA Data Labs provides a detailed forecast of the lowest expected mortgage rates, expected prime rates, and the Bank of Canada’s policy rate from 2024 to 2029, allowing users to anticipate changes and strategize their financial planning accordingly. This includes insights into the likelihood of upcoming interest rate changes by the Bank of Canada for each meeting date.

a) Credit Risk Data: ACL, PCL, and Net Write-Offs

WOWA Data Labs collects credit risk data from Canada’s big banks, as they are important in assessing these financial institutions' financial health and resilience. Allowance for Credit Losses (ACL) is the financial reserve that banks have that represents their expected losses, Provision for Credit Losses (PCL) is an expense that banks add to their ACL to cover expected credit losses, and Net Write-offs are write-offs minus recovery of assets written off over the past quarters. Write-offs are from defaulted loans with a low chance of recovery. Together, these metrics offer a comprehensive view of a bank’s credit risk profile, informing investors and analysts about lending practices and financial stability.

b) Balance Sheet Data: Loans

Geographical Distribution

Knowing the geographical distribution of a bank’s loan portfolio allows WOWA Data Labs users to identify regions with the highest loan demand, potential growth opportunities, and areas of concentrated risk.

Loan Types

Knowledge of the mix of consumer, commercial, government, and other loans enhances balance sheet data analysis. This allows paid users to learn more about a bank’s strategic focus and risk profile.

Loan Maturity

The remaining maturity of a loan portfolio affects liquidity management and interest rate risk. By knowing a bank’s mix of short, medium, and long-term loans, users can gauge a bank’s exposure to interest rate fluctuations and the impact on borrowers for loans that need renewals.

c) Balance Sheet Data: Deposits

Geographical Distribution

The geographical distribution of deposits provides valuable insights into a bank's market share and customer base diversity.

Deposit Type

The composition of deposits by type, such as demand, notice, and term deposits, or by personal, banks, business, and government, also influences a bank’s liquidity profile and interest rate risk management.

a) GDP Per Capita

Gross Domestic Product (GDP) per capita is a key economic indicator that provides insight into the average economic output per person in a region and shows the overall prosperity of a country. WOWA Data Labs provides unique insights, such as comparing GDP per capita across different countries with additional analysis.

b) Labour and Unemployment Rates

Monitoring unemployment data allows financial institutions to assess overall economic conditions and adjust their risk appetite accordingly. For example, high unemployment rates may indicate potential loan delinquencies or defaults, while low unemployment rates can signal a stable economy with strong consumer demand for loans. WOWA Data Labs insights include comparing unemployment rates across major Canadian cities, as well as employment by industry, the largest employers in finance, and public sector employees as a percentage of total employees.

WOWA Data Labs collects and displays historical housing market data, such as average home prices, the number of homes sold, and even the breakdown by property type, to provide analyses such as market trends and shifts in consumer preferences.

Sample of Data Provided

The data sample below includes information from TD’s earnings, showcasing metrics such as Net Write-offs, Provisions for Credit Losses (PCL), and Allowance for Credit Losses (ACL) over the past five quarters. While this sample is available for free, it serves as a preview of more comprehensive data available through a WOWA Data Labs membership. By subscribing, users can gain access to additional quarters of earnings data, enabling a more in-depth analysis of trends and patterns at TD.

Our data platform is designed for anyone who needs access to reliable and current Canadian financial and economic data. Whether you are a banker, business owner, investor, researcher, or simply interested in tracking the economy, WOWA Data Labs has something for you.

• Executives and management can use our data to compare their firm's performance and position with that of their competitors.
• Businesses can use our data to make strategic decisions and understand market trends.
• Investors can use our data to identify potential investment opportunities and manage their portfolios.
• Researchers can benefit from our comprehensive database to conduct studies and analyses on banks and various aspects of the Canadian economy.

Industry Insights: Utilizing Historical Data

If financial managers or treasury teams want to know how much you should pay for deposits in your firm, they can use WOWA Data Labs to easily check the savings account rates offered by different deposit-taking institutions across Canada. WOWA’s comprehensive rate database lets you see up-to-date rates from competitors so that you can adjust your offerings accordingly to attract more customers. Staying informed about when banks change their rates can also provide a strategic advantage, so that you can anticipate and forecast potential shifts and better align your products with market demands.

Financial analysts and researchers who want to know more about the spread of mortgage rates by the banks over bond yields in the last 10 years would need to have historical data to calculate it. With WOWA Data Labs, they can get access to both historical mortgage rates and bond yields, making it easy to see mortgage spreads.

With WOWA Data Labs, you have the power to make informed decisions based on reliable data. Start exploring our platform today.

Join Our Community

At WOWA, we believe in the power of collaboration and knowledge sharing. Join our community of professionals, researchers, and individuals who are passionate about understanding the financial landscape in Canada. Follow us on social media to stay updated with our latest free data releases, analysis, and insights.

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