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.
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The best GIC rates in Canada for 2026 Jul 27th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The best student credit cards in Canada for 2024 + MORE Aug 30th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
How to Make the Most of TD Rewards Points for Travel and More Dec 2nd
Nowadays, most Canadian banks offer a comprehensive loyalty rewards program, and TD Bank is no different. In this article, I’ll cover the TD Rewards program in detail. I’ll explain the key benefits, let you know who I think it’s best suited for, and show you how to get the most out of TD Rewar.... More »
Nvidia’s 2025 fourth quarter earnings analysis: revenue up, production up + MORE Feb 27th
Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips, which power artificial intelligence systems, continued to grow, sending the company’s stock higher after hours. For the three months, that ended Jan. 26, the tech giant based .... More »
Here's what's open and closed over Easter weekend in Toronto and the GTA Apr 16th
Shopping malls, banks and grocery stores have varied operating hours over the long weekend..... More »
Canadians Ill-Prepared for a Rate Hike; Unprecedented Debt Imminent
– ratesupermarket.ca
A new report finds Canadians are facing a future where an unprecedented amount of household income will go towards debt servicing.
The Household Indebtedness and Financial Vulnerability report by the Parliamentary Budget Officer is raising concerns on the level of household debt amongst Canadians. The report suggests that debt is increasing at such a sharp pace, many Canadians will be ill prepared for even a slight hike in interest rates.
In just the first quarter of 2017, household debt reached a record level of a 174 per cent of disposable income – meaning, on average, we owe $1.74 of every $1 we make.
Since interest rates have been at record lows for so long, the PBO warns that if rates were to soon rise, “The financial vulnerability of the average household would rise to levels beyond historical experience.”
The Debt Servicing Ratio (DSR) has remained stable at 14 per cent since 2009. This means that Canadians on average use 14 per cent of their after-tax income to make mortgage payments, and pay off credit card and line of credit debt…
Central Banks and the New Abnormal
– online.wsj.com
Markets fret as they forget what normal policy looks like.
