Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best GIC rates in Canada for 2026 + MORE Mar 30th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Stock news: Canada’s big banks raise dividends after strong Q2 earnings May 29th
Here’s a round-up of news for Canadian investors this week.
BMO
National Bank
Scotiabank
CIBC
TD Bank
RBC
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EQ Bank
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Is an all-weather portfolio the answer to the shortage of “safe” investments? + MORE Oct 27th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
Is It Time to Say Goodbye to Your Starter Credit Card? Jul 28th
Nearly nine out of 10 Canadians have a credit card, according to Payments Canada. Not only that, but Canadians are also heavy credit card users, coming in second to South Korea in credit card volume per capita.
The study found that the extraordinary credit card use is fuelled by key factors such as.... More »
Banks Brush Off New Capital Rules, Saying They Have ‘No Impact’ Jan 10th
The Globe and Mail, James Bradshaw, 9 January 2019
The chief executives of Canada’s largest banks are shrugging off tougher capital requirements introduced by the banking regulator, saying the change will have no impact on plans for acquisitions, dividend hikes or share buybacks.
Last June, the .... More »
US MBS Selloff – The Canadian Impact
– ratesupermarket.ca
In 2008, when the housing crisis in the U.S. was threatening to bring down the global economy, one of the moves the U.S. government made to temper the damage was to buy up an unprecedented $1.25-trillion worth of mortgage-backed securities (MBS). The taxpayers footed the bill for the purchase, which helped bail the nation’s banks out of trouble; back then, MBS were mostly owned by banks and financial institutions and in large part were made up of shaky home mortgages that were in arrears.
Without the government stepping in, the banks that held those MBS would have failed and created a chain effect that could have brought down the U.S. banking system.
Related Read: Why Homeowners Should Care About Higher Fees for MBS in Canada>
A Step Toward Recovery
Fast forward eight years and the U.S. economy is on much stronger ground. Home prices have started to climb and many Americans are back at work. The U.S. jobless rate is currently 5 per cent, and the Federal Reserve has scaled back the quantitative easing and monetary policy measures used during crisis recovery…
US MBS Selloff – The Canadian Impact
– ratesupermarket.ca
In 2008, when the housing crisis in the U.S. was threatening to bring down the global economy, one of the moves the U.S. government made to temper the damage was to buy up an unprecedented $1.25-trillion worth of mortgage-backed securities (MBS). The taxpayers footed the bill for the purchase, which helped bail the nation’s banks out of trouble; back then, MBS were mostly owned by banks and financial institutions and in large part were made up of shaky home mortgages that were in arrears.
Without the government stepping in, the banks that held those MBS would have failed and created a chain effect that could have brought down the U.S. banking system.
Related Read: Why Homeowners Should Care About Higher Fees for MBS in Canada>
A Step Toward Recovery
Fast forward eight years and the U.S. economy is on much stronger ground. Home prices have started to climb and many Americans are back at work. The U.S. jobless rate is currently 5 per cent, and the Federal Reserve has scaled back the quantitative easing and monetary policy measures used during crisis recovery…
Valeant calls in investment banks to weigh options, sources say
– theglobeandmail.com
While Valeant has not decided to sell any major business thus far, the move represents the clearest indication yet that the Canadian drug maker needs to divest assets to bolster its finances, the people said this week
