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?
Latest News
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You can’t read a news site, watch a YouTube video or scroll any social media platform without coming across a reference to bitcoin, ethereum or other cryptocurrencies. Maybe your own friends and family members are nattering non-stop about their crypto investments.
Time will tell if crypto is th.... 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 »
The Best American Express® Credit Cards in Canada Oct 28th
It is a long-held belief that Amex® cards are just for the wealthy – but their current selection of cards should help to dispel that myth. From no-fee cards with low balance transfer offers, to top tier cards with VIP benefits and comprehensive travel insurance, there really is something for eve.... More »
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RESP vs. RRSP and TFSA: What’s the best option for education savings? May 13th
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
The Big Shift in Banking that Could Hurt Your Savings Accounts and Investments
– ratesupermarket.ca
Every once in a while you may get a notice from your bank. Your account’s monthly fees are going up. It may be a modest difference, of a dollar or so. You may write it off as the cost of doing business with your financial institution.
But right now, that fee hike may be a symptom of a broader economic phenomenon. It affects almost everything about your money, from how much you may pay for a mortgage to how much return you get on your savings.
What is it? The yield curve, which in Canada is teetering between flat and inverted. An inverted yield curve is uncommon, and it has ripple effects throughout the financial industry.
What is the Yield Curve?
The yield curve shows the relationship between expected returns on short-term versus long-term fixed income instruments. We’re talking here about how much banks make on the purchase of government treasury bonds.
When things are normal, the curve plots upwards. Typically, longer term vehicles bring in a greater return…
The Big Shift in Banking that Could Hurt Your Savings Accounts and Investments
– ratesupermarket.ca
Every once in a while you may get a notice from your bank. Your account’s monthly fees are going up. It may be a modest difference, of a dollar or so. You may write it off as the cost of doing business with your financial institution.
But right now, that fee hike may be a symptom of a broader economic phenomenon. It affects almost everything about your money, from how much you may pay for a mortgage to how much return you get on your savings.
What is it? The yield curve, which in Canada is teetering between flat and inverted. An inverted yield curve is uncommon, and it has ripple effects throughout the financial industry.
What is the Yield Curve?
The yield curve shows the relationship between expected returns on short-term versus long-term fixed income instruments. We’re talking here about how much banks make on the purchase of government treasury bonds.
When things are normal, the curve plots upwards. Typically, longer term vehicles bring in a greater return…
