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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The best GIC rates in Canada for 2024 + MORE May 21st
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
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Coast Capital Savings Credit Union Review Nov 13th
Coast Capital Savings is a BC-based credit union with a long history dating back to the 1940s. As a federally chartered credit union, it has expanded its services to members across Canada, offering a wide range of personal banking products and services.
If you’re unfamiliar with Coast Capital,.... 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 »
Shareholders push for ethical AI use at Canada’s biggest companies Jul 23rd
When Canada’s most valuable companies hosted their annual general meetings this year, there was a new topic for shareholders to vote on among the usual requests to appoint board members and OK their executive compensation.
The proposal from Quebec-based investor rights group le mouvement d’é.... More »
The best rewards credit cards in Canada for 2023 + MORE Nov 23rd
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The best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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What Negative Interest Rates Mean for Canadians
– canadianfinanceblog.com
Even before COVID-19 began to dominate the collective consciousness, the possibility of negative interest rates garnered plenty of attention in the press. Just last year, in the midst of a U.S./China trade war, Donald Trump mused about the Federal Reserve heading into negative territory in order to spur the economy. In the EU, several European central banks have used negative interest rates for a number of years now. In light of all of this, not to mention the ultra-low interest rate environment we are currently living in, I thought it would be helpful to explore the subject of negative interest rates – what they mean for the economy, and how they might impact individual Canadians.
The Overnight Rate Explained
To understand how negative rates work, one needs to be familiar with something called the overnight interest rate. This is the interest rate financial institutions use when they lend money to one another for one night. It’s set by the Bank of Canada and is the basis upon which other interest rates, such as mortgages, loans, and lines of credit, are set…
The Overnight Rate Explained
To understand how negative rates work, one needs to be familiar with something called the overnight interest rate. This is the interest rate financial institutions use when they lend money to one another for one night. It’s set by the Bank of Canada and is the basis upon which other interest rates, such as mortgages, loans, and lines of credit, are set…
