The “Big Five” Canadian banks offer investment funds and 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). Let’s explore the best place for you to invest.
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The best GIC rates in Canada for 2025 + MORE Oct 20th
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 »
How to save and invest smarter: What Canadians need to know Dec 31st
The current economy is impacting how Canadians save and invest. According to a recent survey by TD, 65% of Canadians reported that the high cost of living is impacting their ability to meet their financial goals.
Many Canadians are turning to their savings accounts to manage growing financial pre.... More »
Microsoft inks Nvidia game deal to assuage regulators over Activision merger - Financial Post + MORE Feb 21st
Microsoft inks Nvidia game deal to assuage regulators over Activision merger Financial PostMicrosoft President Is Carrying That Giant Sony Call of Duty Deal In Pocket, Weirdly KotakuMicrosoft signs 10-year deal to bring Call of Duty to Nintendo platforms MobileSyrupN.... More »
Kristy Shen on living the FIRE life and using money to “buy back time” + MORE Apr 4th
In their early 30s, Kristy Shen and Bryce Leung quit their high-paying jobs in software engineering to travel the world. The Toronto couple had $1 million in savings, but instead of taking the conventional route of home ownership, they packed their suitcases. Shen and Leung started sharing their adv.... More »
Alberta Pension Plan: Why Alberta wants to leave the CPP—and what would replace it + MORE Oct 4th
In late September, Alberta Premier Danielle Smith opened a public online consultation on a proposal to withdraw the province from the Canada Pension Plan (CPP). Her announcement was tied to the release of a third-party report that claims, among other things, that Alberta is entitled to 53%, or $.... More »
How do credit card payment deferrals work during COVID-19?
– moneysense.ca
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lines of credit, loans and other non-mortgage debt, according to Equifax Canada.
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
