Learn more about Canada’s top banks rates, rules and the latest news – read on!
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Are your deposits at Canadian financial institutions safe? + MORE Jun 10th
Ask MoneySense
We live in Ontario, and in light of the current banking problems in the U.S., we are a bit concerned about our investments.
They are held at three different banks at the moment and are largely in GICs and high-interest savings accounts.
We are aware that up to $100,000 is insure.... More »
What Happens to Your Points When You Cancel a Rewards Credit Card? Mar 21st
The moment you redeem your credit card rewards can feel exhilarating. Maybe you’ve treated yourself to new merchandise, event tickets, or a free flight. But, when it is time to upgrade your credit card or cancel it altogether, the outcome may not be so joyous.
Depending on the type of rewards car.... More »
The best GIC rates in Canada for 2024 Jul 16th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare highest rates
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MoneySense is an award-winning.... More »
The best American Express credit cards in Canada for 2024 May 11th
Spend
The best American Express credit cards in Canada for 2024
Which card is right for you? Here, we break down the top American Express credit cards by category to help you decide.
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What You Need to Know About the Canadian Mortgage Stress Test Nov 5th
In late 2017, OSFI, the agency that supervises and regulates Canada’s banks, unveiled a new mortgage stress test, designed to protect Canadian borrowers from increasing debt burdens, and the prospect of rising interest rates. It also served to cool off a couple of Canada’s most expensive housing.... More »
Wall Street might have been a safer place if it had been “Lehman Sisters”
– canadianbusiness.com
Bank of Canada deputy governor Carolyn Wilkins. (Fred Lum/Globe and Mail/CP)Bank of Canada senior deputy governor Carolyn Wilkins delivered a lecture in London this fall on the perils of economic life in a time of ultra-low interest rates. By making money incredibly cheap, central banks have created the perfect conditions for asset-price bubbles. Wilkins didn’t apologize—but she did offer some suggestions about what could be done to avoid future calamities: a concerted effort by governments to boost economic growth and proactive use of policies that could deflate bubbles before they pop.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Vicki Saunders plans to get a million women involved in venture capital
Here’s another idea: Give Wilkins more high-profile speaking engagements so she inspires other women to join the realm of finance. Christine Lagarde, the managing director of the International Monetary Fund, likes to say that if Lehman Brothers had been called “Lehman Sisters,” the last eight years might not have been so miserable…
