Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Compare the best savings accounts in Canada for 2023 Jan 28th
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The best savings accounts in Canada for 2023
Here are the best accounts to hold your savings.
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Scan the savings account comparison table above to view interest rates offered by financial institu.... More »
Making sense of the markets this week, October 31, 2021 Oct 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Scotiabank says 8 rate hikes are on the way
Scotiabank’s Derek Holt shared that we could see eight rate hikes in Canada over the next two years. That is ag.... More »
How to cut costs on international money transfers Jan 10th
While many Canadians know how expensive it can be to send money abroad, they’re likely unaware of how the costs are broken out. But one virtual bank is changing that.
EQ Bank has formed a partnership with TransferWise, a global money transfer platform that’s committed to being cheap, fast and tr.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 14th
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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Credit Cards Canada: Tips for Opening a New Credit Card + MORE Apr 11th
Looking for a new credit card but confused by all of the options available and what their terms really mean? Maybe you want a credit card so you can shop without having to use cash for purchases. Or, maybe you’ve heard about travel rewards cards that let you use points for flights and hote.... More »
Canadian Customers Will Soon Have to Pay More to Use Certain Premium Credit Cards
– ratesupermarket.ca
Canadian customers will soon be subject to additional fees when paying for purchases with certain premium credit cards, now that Visa and MasterCard have entered into a settlement agreement stemming from a class action lawsuit that will see both companies make changes to their “No Surcharge Rule”.
In 2011, Canadian merchants filed a lawsuit alleging that Visa and MasterCard rules forced retailers to accept all credit cards as payment, including cards that charge higher retailer fees for each transaction. The rules also forced retailers to bear the full weight of the merchant fees as they are not allowed to surcharge customers who use premium cards.
After discussions with the federal government, Visa and MasterCard agreed in 2014 to voluntarily reduce the fees for five years.
Earlier this week, however, both credit card corporations entered into a settlement agreement, in which they agreed to pay $19.5 million each and allow merchants to add limited surcharge fees when accepting premium credit cards as payment from consumers…
