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
Toddler Sues US Over LGBT Discrimination After Twin Brother Is Given Citizenship and He Isn't - Newsweek + MORE Jan 24th
NewsweekToddler Sues US Over LGBT Discrimination After Twin Brother Is Given Citizenship and He Isn'tNewsweekA 16-month-old toddler has been named as a plaintiff in a federal lawsuit against the government after his twin brother was given U.S. citizenship and he wasn't, in what an LGBTQ gr.... More »
The close: TSX ends up with banks; Bombardier falls after tariff hit + MORE Sep 27th
Wall Street gains on financials boost, tax hopes
.... More »
Self-Employed but Need a Loan? 7 Things You Need to Know + MORE Aug 9th
Being self-employed has its pros and cons: you may have a more flexible schedule, but you also have a lot more responsibility, especially when it comes to managing your own finances.
According to Statistics Canada, 2.76 million people were self-employed in 2016. And with the swelling ranks of the s.... More »
What Is a Credit Bureau? Important Information for Canadian Consumers Apr 29th
Whether we realize it or not, credit bureaus have a significant impact on our financial lives. The information they provide to lenders can determine mortgage rates, lending amounts, and credit card approvals. But what exactly is a credit bureau, and what can you do with their information?
What Is a .... More »
Streetwise newsletter: Banks lack controls to prevent customers being misled, watchdog finds; Aecon takeover by Chinese firm could fail over security concerns, analyst says + MORE Mar 21st
Also: U.S. Federal Reserve keeps stress-test clamp on banks amid Dodd-Frank rewrite
.... More »
How to Improve Your Credit Score – Post-Holiday Edition
– ratesupermarket.ca
This monthly series by personal finance specialist Amanda Reaume focuses on how to improve something that many people overlook: your credit score. These posts will give you tips and tricks to improve your chances of getting approved for better rates when you apply for credit – leading to better student loans, car loans and even mortgages.
In January, people tend to cut back on certain expenses as they rehabilitate their credit and make up for overspending during the holidays. Less shopping, less restaurant visits, less entertaining… The effects that overspending have on lifestyle are usually pretty apparent.
But what many may not realize is how a bad credit choice can have a huge, long-term impact on your credit score. Some of these choices may seem harmless upfront, but they’ll ultimately make it harder to qualify for a low interest rate when you borrow money, whether it be for a car, your tuition or even a house.
If your credit cards are getting a workout this month, here are some common credit mistakes you may have made and some suggestions on how to fix them…
Think You Have Sufficient Travel Insurance? Think Again
– ratesupermarket.ca
Despite the weak Canadian dollar, winter-weary snowbirds and March breakers are still heading south for vacation. If you’re one of these people, you probably understand that you need to pack more than just sunscreen for protection. Even if your travel budget is tight, spending a bit extra on travel insurance could save your family thousands in medical expenses related to illness, injury or death while beyond the border.
Step one in shopping for travel insurance is to check if you’re already covered in the first place. If you are a part of a group employee health plan, this likely includes some form of travel insurance. And most travel rewards credit cards offer travel and medical insurance as a cardholder perk. However, both of these options typically cover only accidents, not illness, and as for credit card insurance, your coverage is usually limited to travel costs that were paid for with that card.
So if you think you have sufficient travel insurance, it’s best to consider the following before heading out of town…
