Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Bank of Canada Keeps Rate Steady at 1.25%… But Increase is Imminent + MORE Apr 18th
As widely expected, the Bank of Canada decided to keep its key interest rate at 1.25 per cent. This is the second announcement in a row where interest rates have been kept steady this year, after Bank of Canada Governor Stephen Poloz kicked off 2018 with a quarter-point hike.
New forecasts from the.... More »
The best GIC rates in Canada for 2024 + MORE May 29th
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
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Best FHSAs in Canada: What to know about the new first home savings account Mar 29th
First home savings account (FHSA) highlights
The FHSA is a type of registered account that allows you to contribute up to $8,000 annually, up to a lifetime limit of $40,000, to save for the purchase of your first home.FHSAs are scheduled to become available as early as April 1, 2023. However, availa.... More »
American Express Increases the Value of Points for Purchases Jun 3rd
For a limited time, American Express is offering consumer cardmembers more value for Points for Purchases. From April 17, until September 30, 2020, cardholders can use 1,000 points for a $10 statement credit on all eligible non-travel related purchases. That means Membership Rewards points are curr.... More »
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News - Castanet.net + MORE Feb 17th
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News Castanet.netBanks have started to freeze accounts linked to the protests, Freeland says CBC NewsTrucker convoy: Banks take action to cease financing CTV NewsFinancial institut.... More »
Record outbound deal volume gives foreign banks upper hand
– theglobeandmail.com
Bankers expect the trend to continue as sluggish economic growth at home, and a highly-concentrated market, make domestic M&A less appealing
Canada’s main stock index fell as declines in banks, airlines and energy stocks dragged heavily on the market.
