Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The Best Credit Cards for First-Year University and College Students + MORE Aug 14th
Congratulations! You’ve graduated high school and now you’re taking the next big step in your life. Starting post-secondary education involves a lot of firsts – it may be the first time you’re living away from home, the first time cooking for yourself consistently, and perhaps the first tim.... More »
7 Ways to Get a Bank Account for Cheap + MORE Jul 25th
When it comes to setting up your own bank account, some may feel more comfortable with the familiar. Maybe your parents set up a youth account for you with their bank and you haven’t branched out yet (no pun intended). Or, perhaps, you’re wary of financial security outside of the big five banks.... More »
BMO credit cards: A breakdown of the bank’s best cards 2021 May 15th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jan 26th
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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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Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit Jan 18th
Canada's biggest bank has cut its five-year fixed-term mortgage rate, a move other banks are likely to try to match in short order..... More »
The Bank of Canada keeps urging caution as markets show signs of life
– canadianbusiness.com
Bank of Canada governor Stephen Poloz. (Adrian Wyld/CP)On January 17, National Bank’s Stéfane Marion, one of the better Bay Street economists, wondered if Bank of Canada Governor Stephen Poloz might adopt explicit forward guidance to weaken the value of the dollar. Marion observed that the central bank’s autumn revelation that it had “actively considered” cutting interest rates had weighted the loonie for only a short time. With a new policy announcement imminent, Marion asked, “why not surprise the market with a conditional commitment to not raise rates for at least another year?”
It was a provocative question. It also was a rhetorical one: most central banks, including the the Bank of Canada, resort to explicit statements about their policy intentions only in the case of an emergency. Canada’s economy lacked verve, but, as Poloz had said on several occasions, it was doing ok. “We’re not exactly holding our breath on forward guidance,” Marion wrote in a note to clients…
