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
Ontario Teachers’ Pension Plan undeterred by uncertainty over tariffs: CEO Apr 4th
TORONTO _ Ontario Teachers’ Pension Plan is closely monitoring the potential for higher tariffs to slow the global economy, but it thinks that “cooler heads are going to prevail” before that happens, OTPP chief executive Ron Mock said Tuesday.
Ontario Teachers’ core portfolio.... More »
The best GIC rates in Canada for 2024 + MORE Jun 11th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Why trust us
MoneySense is an award-winning magazine,.... More »
Scotia Momentum® VISA Infinite* Review May 15th
Attention MoneyWise readers! Sign up for the Scotia Momentum® VISA Infinite* card and, for a limited time, get $75 IN CASH via Interac e-Transfer or a gift card from RateSupermarket.ca upon approval!
Are you looking for a well-rounded, high-earning cash back credit card with travel perks and no a.... More »
Bank of Canada expected to raise its key rate for first time in nearly seven years + MORE Jul 12th
The Bank of Canada is expected to raise its key interest rate target for the first time in nearly seven years on Wednesday following signs the economy is well on the road to recovery after the crash in oil prices.
Low interest rates have helped fuel the housing market in recent years, incentivizing .... More »
Chequing vs. Savings Account: What’s the Difference? Oct 2nd
When it comes to managing your finances, using the correct type of bank account is very important. But while the differences between a chequing account and a savings account may seem obvious to some, you would be shocked at the number of people who use their savings accounts for daily transactions o.... More »
Synchrony Financial, Wells Fargo and Navistar slip
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Tuesday:
Synchrony Financial (SYF), down $4 to $26.44
The country’s largest issuer and manager of retail store brand credit cards said more of its customers were falling behind on payments.
Wells Fargo & Co. (WFC), down $1.10 to $46.87
Banks traded lower as bond yields continued to drop, which took interest rates lower.
Motorcar Parts of America Inc. (MPAA), up $2.79 to $30.53
The auto parts maker jumped after it reported its fiscal fourth-quarter results.
Revance Therapeutics Inc. (RVNC), down $5.14 to $13.21
The company ended development of a gel intended to treat crow’s feet and will concentrate on injectable form of the drug.
Navistar International Corp. (NAV), down $1.68 to $11.47
An analyst downgraded the truck and engine maker’s stock and said its results will disappoint investors in 2017 and 2018.
KemPharm Inc. (KMPH), down $1.55 to $4.74
The company said regulators did not approve its acute pain drug Apadaz…
Synchrony Financial (SYF), down $4 to $26.44
The country’s largest issuer and manager of retail store brand credit cards said more of its customers were falling behind on payments.
Wells Fargo & Co. (WFC), down $1.10 to $46.87
Banks traded lower as bond yields continued to drop, which took interest rates lower.
Motorcar Parts of America Inc. (MPAA), up $2.79 to $30.53
The auto parts maker jumped after it reported its fiscal fourth-quarter results.
Revance Therapeutics Inc. (RVNC), down $5.14 to $13.21
The company ended development of a gel intended to treat crow’s feet and will concentrate on injectable form of the drug.
Navistar International Corp. (NAV), down $1.68 to $11.47
An analyst downgraded the truck and engine maker’s stock and said its results will disappoint investors in 2017 and 2018.
KemPharm Inc. (KMPH), down $1.55 to $4.74
The company said regulators did not approve its acute pain drug Apadaz…
Walmart Canada to no Longer Allow Purchases on VISA Cards
– ratesupermarket.ca
Starting next month, Walmart shoppers in Canada will no longer be able to use their Visa cards to pay for their purchases because of what the company is calling “unjustifiably high” fees associated with the card. The decision, announced quietly on Saturday, comes after an evaluation of credit card transaction fees throughout the country and the rest of the world.
The initiative will be phased in beginning July 18th at the stores in Thunder Bay and from there, will continue throughout the rest of the country. The “no Visa” policy will be limited to Canadian locations and it’s not yet known how long the entire process will take. Walmart stores will continue to accept MasterCard, Discover, American Express, debit and cash.
The retailer, which has more than 400 stores in Canada, will not reveal the exact total of annual credit card sales, but in a statement on its website, it says it pays “over $100 million in fees to accept credit cards each and every year.”
Visa, meantime, says this will have a negative impact on Canadian shoppers, and the company is disappointed that Walmart is choosing to put “their own financial interests ahead of their own consumers’ choice…
