Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best high-interest savings accounts in Canada for 2024 May 19th
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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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The best Visa credit cards in Canada for 2024 Nov 7th
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Compare your Visa options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and 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 »
What Is a Credit Bureau? Important Information for Canadian Consumers Apr 29th
Whether we realize it or not, credit bureaus have a significant impact on our financial lives. The information they provide to lenders can determine mortgage rates, lending amounts, and credit card approvals. But what exactly is a credit bureau, and what can you do with their information?
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The best GIC rates in Canada for 2025 + MORE Jan 5th
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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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Could Covid-19 Cause Cashless Payments to Be the New Normal?
– ratesupermarket.ca
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 weeks into the pandemic, 62% of Canadians reported using cash less than before the crisis.
How are people paying? They are using Interac e-Transfer, PayPal and credit cards more frequently, according to Payments Canada.
How are Canadians shopping? Thirty-eight percent are using e-commerce platforms for items, including groceries, and 26% are using food delivery services more often than pre-COVID-19. For in-store purchases, 53% reported using card or mobile tap payment more often than pre-pandemic.
This movement has accelerated a trend already underway, according to Payments Canada. In its 2019 Canadian Payment Methods and Trends Report, it found that electronic payments accounted for 73% of all transaction volumes, compared with 21% for cash…
