Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
How to Keep Your Data Secure When You (and Hackers) Live on Social Media Jan 26th
Much like how you wouldn’t share your toothbrush with someone else, the same sentiment should be applied to sensitive information like online passwords, personal identification numbers (PIN), or credit card details. And as there are reportedly more than 2.5 billion active users worldwide on socia.... More »
How international students can build credit in Canada Jul 15th
Moving to Canada as an international student comes with a long financial to-do list, and building credit is one of the most important items on it. Your credit history from home typically doesn’t transfer, which means you may need to start from scratch when applying for a credit card, phone plan, a.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Nov 19th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
The MoneySense guide to inflation (2025) + MORE Dec 5th
Inflation is the increase in the cost of goods or services. Governments use this valuable information to set monetary policy. In turn, lenders and banks also rely on inflation numbers to set interest rates, and borrowers use them to make investment or budgeting goals.
We’ll explain how inflatio.... More »
Canadian Olympic Committee amplifies analytics in deal with data company Jan 18th
The Canadian Olympic Committee is teaming with a big data company to ramp up analytics for athletes.
The COC has announced an eight-year, cash-and-services sponsorship deal with SAS, an analytics software company whose clients include banks, hotels, universities and casinos.
The company’s spor.... More »
The parade of Canadian banks reporting solid earnings continued Thursday as TD Bank and CIBC both posted third-quarter earnings that topped the average expectations of analysts.
12 Months to Being Debt Free – August
– ratesupermarket.ca
With only five months left in our 12 months to being debt free challenge, some of you may be hitting a wall in your debt repayment journeys. If the reason behind this is because a big chunk of your repayment goes towards interest every month, then you should consider taking steps to reduce the amount of interest you’re paying.
How do you do that? There are actually a number of ways to cut your interest significantly and accelerate your repayments. I’ll look at some of the most common strategies to help you figure out which is right for you and can help ensure you meet your goal of becoming debt free before you ring in 2017.
Ask for an Interest Rate Reduction
The easiest way to reduce the amount of interest that you’re paying is to simply ask for a rate reduction. Sometimes credit card companies and loan servicers are willing to reduce your interest rate as an act of goodwill – especially if your credit has improved significantly since you originally applied for the credit card or loan and you’ve been making all your payments on time…
