Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Do you need mortgage life insurance? Sep 22nd
Ask MoneySense
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?
—Katerina
What is mortgage life insurance?
I’m glad.... More »
Controls on sales practices at Canadian banks ‘insufficient’: watchdog + MORE Mar 21st
Long-awaited report says ‘sharp focus on sales’ increases risk of misselling but finds no evidence of widespread misconduct
.... More »
Best robo-advisors in Canada for 2026 Feb 11th
The name may be offputting, but robo-advisors occupy a key middle way in the investment landscape between do-it-yourself investing and having a live investment advisor. They will cost you a lot less than a commissioned or fee-for-service advisor and the often pricey investment products they recommen.... More »
Researchers: Asian bank hacks may be linked to North Korea May 27th
NEW YORK, N.Y. – Cybersecurity researchers said North Korea might be connected to a recent attack that resulted in the theft of over $100 million from the Bangladeshi central bank and the attempted thefts of millions more from other Asian banks.
If the finding holds up, the attacks would amoun.... More »
Federal consumer agency delays report on Canadian banks' sales practices Dec 30th
The Financial Consumer Agency of Canada won't be releasing the results of its review of business practices among Canada's major banks by the end of the year, as originally anticipated..... More »
Fed official raises pressure on 'too big to fail' banks
– theglobeandmail.com
Neel Kashkari, president of the Minneapolis Fed, is overseeing a process that will culminate in proposals to make the banking system more stable and to go beyond the measures enacted in wake of financial crisis
