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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BMO credit cards: A breakdown of the bank’s best cards 2021 May 4th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
The best GIC rates in Canada for 2024 + MORE Jul 6th
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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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“Help! My RRSPs are all over the place” + MORE Aug 10th
As Canada’s financial services sector expands to include new online banks, credit unions, robo-advisors, brokerages and more, so does the likelihood that you have a ragtag number of registered savings plans with multiple institutions. For example, you may have set up an employer-sponsored plan at .... More »
The best high-interest savings accounts in Canada for 2024 + MORE Aug 6th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Scotia iTrade Review: A Discount Broker for Active Traders Jan 17th
Every year, advancements in mobile technology are placing the stock market at the fingertips of Canadian investors. In fact, it’s never been easier to invest on your own. One of the best ways to get started is by opening a discount brokerage account. These do-it-yourself trading accounts provide i.... More »
Three Things to Expect from Rising Interest Rates in 2019
– ratesupermarket.ca
Are they going to increase? By how much? And how will that affect me?
As we reflect on the past year, one of the big money stories everyone is talking about is the rise of the key interest rate. In 2018, the Bank of Canada (BoC) raised the overnight lending rate three times from 1.00 per cent to 1.75 per cent, pushing up the cost to borrow money too. The commercial banks are currently offering a prime rate of 3.95 per cent, hence, there are a few things you should keep in mind when borrowing in the new year.
Hikes are still coming – just not as fast
Economists are now saying the Bank could raise rates further in 2019. Forecasters previously predicted three rate hikes, with the first coming as soon as January, but now some banks are saying they expect only two.
The change in outlook comes after the price of oil fell dramatically in October. Economists then downgraded their forecast, saying a hike in January is highly unlikely, and we should probably look towards hikes in April and October instead…
Three Things to Expect from Rising Interest Rates in 2019
– ratesupermarket.ca
Are they going to increase? By how much? And how will that affect me?
As we reflect on the past year, one of the big money stories everyone is talking about is the rise of the key interest rate. In 2018, the Bank of Canada (BoC) raised the overnight lending rate three times from 1.00 per cent to 1.75 per cent, pushing up the cost to borrow money too. The commercial banks are currently offering a prime rate of 3.95 per cent, hence, there are a few things you should keep in mind when borrowing in the new year.
Hikes are still coming – just not as fast
Economists are now saying the Bank could raise rates further in 2019. Forecasters previously predicted three rate hikes, with the first coming as soon as January, but now some banks are saying they expect only two.
The change in outlook comes after the price of oil fell dramatically in October. Economists then downgraded their forecast, saying a hike in January is highly unlikely, and we should probably look towards hikes in April and October instead…
