Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Motusbank Online Bank Launches With Low HELOC, Competitive GICs + MORE Apr 3rd
Motusbank, a subsidiary of Meridian Credit Union, has launched in Canada. First announced in February, a full range of banking and borrowing services are now available on its website, motusbank.ca.
As an online-only bank, Motusbank can be accessed via its mobile app on the Apple App Store and Googl.... More »
RateSupermarket.ca Will Become RATESDOTCA Sep 30th
We are excited to announce that RateSupermarket.ca will become RATESDOTCA. Don’t worry, besides a name change, how you compare the best credit cards and mortgage rates will remain the same.
What does this mean for you?
Our name is changing, but rest assured, everything else will remain the same.
.... More »
Travel for Free: Barry’s Top 6 Tips on How to Game the Credit Card Reward System Apr 9th
To simply say I love credit cards is an understatement. Currently, I have more than 10 active cards, which is much more than the average person will ever need at once, but I use them all for a variety of reasons. When you know how to game the reward system and reap the benefits of different cards, .... 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 »
The best GIC rates in Canada for 2024 Jun 4th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Why trust us
MoneySense is an award-winning magazine,.... More »
Canadian bank earnings forecast bright but housing, NAFTA cloud outlook
– canadianbusiness.com
TORONTO _ The forecast for Canada’s biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say.
Earnings estimates for the 2018 fiscal year are being revised upwards by some analysts to account for the impending bump from recent interest rate hikes and a U.S. corporate tax cut from 35 per cent to 21 per cent that took effect on Jan. 1.
CIBC World Markets analyst Robert Sedran lifted the assumed average growth rate for the sector in fiscal 2018 from seven per cent to nine per cent, “turning what was already expected to be a good year into a better one.”
However, analysts say the impact of stricter rules surrounding uninsured mortgages as of Jan. 1 and tumultuous NAFTA negotiations will weigh on the Big Five banks.
“We believe short-term gains could fade shortly after earnings season as ‘the usual’ sector overhangs weigh on H1/18 performance, namely the housing market and NAFTA,” National Bank of Canada Financial Markets analyst Gabriel Dechaine told clients in a research note…
Earnings estimates for the 2018 fiscal year are being revised upwards by some analysts to account for the impending bump from recent interest rate hikes and a U.S. corporate tax cut from 35 per cent to 21 per cent that took effect on Jan. 1.
CIBC World Markets analyst Robert Sedran lifted the assumed average growth rate for the sector in fiscal 2018 from seven per cent to nine per cent, “turning what was already expected to be a good year into a better one.”
However, analysts say the impact of stricter rules surrounding uninsured mortgages as of Jan. 1 and tumultuous NAFTA negotiations will weigh on the Big Five banks.
“We believe short-term gains could fade shortly after earnings season as ‘the usual’ sector overhangs weigh on H1/18 performance, namely the housing market and NAFTA,” National Bank of Canada Financial Markets analyst Gabriel Dechaine told clients in a research note…
The forecast for Canada’s biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say.
