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
What to consider if you still have RRSP contribution room Jan 25th
Registered retirement savings plans (RRSPs) have been around since 1957, and each February is commonly referred to as “RRSP season.” The banks and financial media used to make a bigger deal about RRSPs in the new year, but ever since Tax-Free Savings Accounts (TFSAs) were introduced in 2009, RRS.... More »
The best GIC rates in Canada for 2025 Mar 3rd
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 navigat.... More »
Interac is expanding—first up, Wealthsimple e-transfers will get easier Sep 29th
You’ve probably used an Interac e-Transfer to pay a friend back for dinner, split the rent with a roommate, send birthday money to your nephew or put money into your account at another bank. This service is quick and convenient if you’re a customer at a major bank or a credit union—but if you .... More »
Could Covid-19 Cause Cashless Payments to Be the New Normal? Jun 23rd
It’s hard to pay from six feet away.
Plus, the idea of touching cash is making many queasy these days, which is why the COVID-19 pandemic may be speeding up the move to a cashless society.
According to a recent survey by Payments Canada, which compared spending behaviours pre-COVID-19 and at five.... More »
Lower Rates Means Less Stress in the “Stress Test” + MORE Jul 24th
Starting now, Canadian mortgage seekers will find it easier to qualify for more money. That’s because the Bank of Canada has dropped its five year benchmark qualifying rate from 5.34 percent to 5.19 percent. This is the rate banks use to qualify would-be-homebuyers for a mortgage.
This is the fir.... More »
Inflation elusive, but central bankers getting twitchy
– theglobeandmail.com
Several central banks are leaning toward launching or stepping up efforts that could slow down inflation
The federal government is hiring the former chief financial officer at one of Canada’s largest banks to help oversee its new infrastructure-financing agency. Janice Fukakusa will chair the new board of the Canada Infrastructure Bank.
Taking the Tab: Canadian Students Most Likely to Contribute to Their Own Tuition
– ratesupermarket.ca
Internationally, Canadian students were recognized as being the most likely to pay their way through post-secondary school, or at least contribute to it.
A global study by HSBC called The Value of Education: Higher and higher discovered that 42 per cent of Canadian students helped to pay the tuition for their own post-secondary education, in comparison to 15 per cent on average globally.
The study surveyed more than 8400 parents from 15 countries and territories with one child under the age of 23 who is currently receiving a post-secondary education, or at least considering it.
Saving is no easy task. Especially when you have student loans to think about. If you’re looking for a credit card with the lowest rates, RateSupermarket.ca compares the best cards in Canada that are geared towards students and will fit your financial needs.
We still want to help out
From early on in their kids’ education, Canadian parents differ from their global peers. On average, 63 per cent of parents pay for private education (for example, for math or science tutors), but only 31 per cent of Canadian parents do so…
Liberals tap former RBC exec to be chairwoman of infrastructure bank
– canadianbusiness.com
The federal government is hiring the former chief financial officer at one of Canada’s largest banks to help oversee its new infrastructure-financing agency.
Janice Fukakusa is being named the new chairwoman of the Canada infrastructure bank.
Fukakusa retired in January from Royal Bank (TSX:RY) after a 31-year career at the bank.
She will now have a role in selecting the remaining members of the board of directors that will oversee the agency’s operations, as well as the chief executive.
The Liberals plan to have the new agency up and running by the end of the year.
Ottawa is planning to infuse the new institution with $35-billion hoping to pry three or four times that amount from the private sector for large-scale projects.
But the projects have to generate revenue, meaning they would result in new toll roads or bridges where user fees finance the construction costs.
The post Liberals tap former RBC exec to be chairwoman of infrastructure bank appeared first on Canadian Business – Your Source For Business News.
Janice Fukakusa is being named the new chairwoman of the Canada infrastructure bank.
Fukakusa retired in January from Royal Bank (TSX:RY) after a 31-year career at the bank.
She will now have a role in selecting the remaining members of the board of directors that will oversee the agency’s operations, as well as the chief executive.
The Liberals plan to have the new agency up and running by the end of the year.
Ottawa is planning to infuse the new institution with $35-billion hoping to pry three or four times that amount from the private sector for large-scale projects.
But the projects have to generate revenue, meaning they would result in new toll roads or bridges where user fees finance the construction costs.
The post Liberals tap former RBC exec to be chairwoman of infrastructure bank appeared first on Canadian Business – Your Source For Business News.
