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.
Latest News
When a bank’s not a bank: How fintech—and neobanks in particular—are transforming banking in Canada + MORE Jan 19th
Neobanks and challenger banks are fintech (financial technology) firms that offer banking services, usually online only. These digital upstarts offer alternatives to the mainstream banking products and services we’re accustomed to.
The Canadian banking system is known worldwide for its strength.... More »
What Canadian investors can learn from the BlackBerry story + MORE Nov 10th
If you missed the acclaimed movie BlackBerry in theatres, it’s airing on CBC and streaming on CBC Gem as a three-part series—with additional scenes—beginning November 9. The limited series chronicles the making and unmaking of Canada’s global technology champion of the early 21st century. En.... More »
Online and Mobile Banking During the COVID-19 Pandemic + MORE Apr 16th
Canadians are using social distancing to prevent the spread of COVID-19. As a result, banks have closed their doors or reduced their hours of operation. Many Canadians are turning to technology to manage their finances instead. Naturally, this has caused a spike in the use of online and mobile bank.... More »
RBC InvestEase Review: Can a Big Bank Robo-Advisor Stack Up to the Competition? Dec 17th
With the surge in popularity of robo-advisor platforms like Wealthsimple in recent years, it was only a matter of time before Canada’s big banks got in on the action. RBC made its foray into Canada’s robo-advisor scene in 2018 when they launched RBC InvestEase. In this RBC InvestEase review, Iâ€.... More »
The best TD credit cards in Canada Apr 30th
Spend
The best TD credit cards in Canada
We’ve broken down our picks for the best TD credit cards – whether you’re looking for cash back, points, no-fee cash back, or low interest.
Compare now
Wh.... More »
How Rewarding are Canadian Rewards Credit Cards?
– ratesupermarket.ca
Canadians are reaping the benefits of their rewards cards in large numbers, according to a recent survey by RateSupermarket.ca. Currently, there are over 74 million active credit card accounts in Canada, with the average Canadian owning two credit cards and 8 in 10 holding a rewards credit card. Of those households, 85 percent are seeing returns from their purchases in the form of cash back and other rewards.Â
Retirees Lead the Way  Â
Older Canadians have taken to credit card rewards in greater numbers than their younger compatriots. Just 73 percent of Canadians aged 18-34 own a rewards card compared to 83.5 percent of those aged 65 and over. It’s not just uptake where older Canadians are leading the way either, nearly 15 percent (14.8) of older Canadians with a rewards card have redeemed more than $1,000 worth of rewards. Only 6.7 percent of those aged 18-34 can say the same.  Â
Rewards by the Numbers Â
The payoff from rewards credit cards can be substantial, with 12 percent of survey respondents saying they have redeemed over $1,000 worth of rewards…
