The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best high-interest savings accounts in Canada for 2023 + MORE Jun 15th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The best student credit cards in Canada for 2024 + MORE Oct 7th
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 »
Shareholders push for ethical AI use at Canada’s biggest companies Jul 23rd
When Canada’s most valuable companies hosted their annual general meetings this year, there was a new topic for shareholders to vote on among the usual requests to appoint board members and OK their executive compensation.
The proposal from Quebec-based investor rights group le mouvement d’é.... More »
Chequing vs. Savings Account: What’s the Difference? Oct 2nd
When it comes to managing your finances, using the correct type of bank account is very important. But while the differences between a chequing account and a savings account may seem obvious to some, you would be shocked at the number of people who use their savings accounts for daily transactions o.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 7th
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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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As Expected: Bank of Canada Maintains 1% Overnight Rate
– ratesupermarket.ca
In its last announcement for the year, the Bank of Canada revealed it is leaving its benchmark interest rate unchanged at one per cent. This comes after the Bank raised rates twice in 2017 – once by a quarter point in July and again by a quarter point in September.
None of the big five banks had given their forecast for this announcement, indicating there was no clear idea of what the Bank was going to do. But the vast majority of economists polled by Bloomberg expected the Bank to keep its rate steady. With positive job growth and better-than-expected GDP data, one could even make a case that Canada is ready for higher rates.
Thriving global economies dictating lower rates in Canada
In a statement released immediately after the announcement, the Bank says the global economy is evolving largely as expected – similar to what was conveyed in the October Monetary Policy Report (MPR).
Global growth in advanced economies is making the Bank nervous, pushing it to keep rates lower in Canada…
The Best Cash Back Credit Cards of 2017: How Do They Compare?
– ratesupermarket.ca
With so many options on the market, it’s hard to know which credit card is the right choice for you. But one thing is for sure – you want a credit card that ultimately benefits in some way, whether it be through travel points, cash back, or even just a good deal on interest rates. The last thing you want is to sign up for a card that does nothing for you – you’re potentially missing out on free money or wasting it on high interest payments.
So how do you decide? Well, you should first do your research and know what you’re looking for.
But we know this can be time-consuming. This is why RateSupermarket.ca analyzes the market every year and singles out the best of the best with our Best of Finance awards – providing you with a concise list of the top cards in various categories.
And now we decided to take it one step further and break down why these cards perform the best – showing you how much they could earn or save you.
Check out how much you could earn with the best cash back rewards cards of 2017 below…
As Expected: Bank of Canada Maintains 1% Overnight Rate
– ratesupermarket.ca
In its last announcement for the year, the Bank of Canada revealed it is leaving its benchmark interest rate unchanged at one per cent. This comes after the Bank raised rates twice in 2017 – once by a quarter point in July and again by a quarter point in September.
None of the big five banks had given their forecast for this announcement, indicating there was no clear idea of what the Bank was going to do. But the vast majority of economists polled by Bloomberg expected the Bank to keep its rate steady. With positive job growth and better-than-expected GDP data, one could even make a case that Canada is ready for higher rates.
Thriving global economies dictating lower rates in Canada
In a statement released immediately after the announcement, the Bank says the global economy is evolving largely as expected – similar to what was conveyed in the October Monetary Policy Report (MPR).
Global growth in advanced economies is making the Bank nervous, pushing it to keep rates lower in Canada…
