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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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 »
What is a consumer proposal? How does it work? + MORE May 23rd
Getting trapped in a perpetual cycle of debt with seemingly no way out is one of the most stressful situations life can throw at you. For anyone looking for a way forward, experts say a consumer proposal can break the chain without the need for a bankruptcy filing.
While everyone’s debt toleran.... More »
Best Kids Bank Accounts: How to Help Your Child Start Saving Today Nov 8th
One of the best ways to set your child up for financial success early on is by opening them a youth bank account. With their account, you can begin to teach them important personal finance lessons, such as careful budgeting, smart saving, and mindful spending.
You may think that all youth savings ac.... More »
Banks Have An Obsession with Cutting Costs Amid Record Profits Sep 10th
The Globe and Mail, Tim Kiladze, 9 September 2018
The extended bull market and booming economy is the stuff investors used to dream of. But for some, it's just not enough.
Coming off a quarter in which they collectively earned an eye-watering $11.6-billion, Canada's largest banks participated in a.... 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 »
Why do we rely on UK to disclose Canada’s pay inequity?
– macleans.ca
We have recent British legislation to thank for providing a glimpse into the grim reality that Canadian banks operating across the pond have a big gendered wage gap. UK data, compiled this week by Bloomberg News, summons more evidence, as if more is required, that transparency, both legislatively and in conversation, is required if we’re ever going to bring an end to entrenched gendered wage inequity.
British legislation enacted earlier this year requires public, private and voluntary sector firms with over 250 employees to disclose average pay for men and women, including any bonuses. Already, the disclosures have summoned outraged headlines—and have caused high-profile women to quit their jobs in fury. Now the klieg light cast on Canadian banks is equally illuminating.
READ: Why do men make more money than women?
Scotiabank, Canada’s third-biggest lender, pays women 44 per cent less than men on average in its UK operation, a gap that widens to 72 per cent when it comes to discretionary bonuses…
British legislation enacted earlier this year requires public, private and voluntary sector firms with over 250 employees to disclose average pay for men and women, including any bonuses. Already, the disclosures have summoned outraged headlines—and have caused high-profile women to quit their jobs in fury. Now the klieg light cast on Canadian banks is equally illuminating.
READ: Why do men make more money than women?
Scotiabank, Canada’s third-biggest lender, pays women 44 per cent less than men on average in its UK operation, a gap that widens to 72 per cent when it comes to discretionary bonuses…
