Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Making sense of the markets this week: July 31 Jul 30th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
With earnings season in full swing, there’s a lot to catch up on this week, as we try to make sense of the markets that defy being d.... More »
The best student credit cards in Canada for 2024 + MORE Oct 7th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
Canada’s best no-fee credit cards 2022 + MORE Nov 3rd
Some of the best things in life are free—so why should you expect any different from your credit card? Canada has an impressive array of no-fee credit cards that don’t charge cardholders an annual fee, while also delivering respectable rewards like cash back and travel points. Many of these no-f.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 3rd
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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The best GIC rates in Canada for 2025 + MORE Jun 9th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
How To Get The Best Home Insurance Quote in Canada
– canadianfinanceblog.com
Unlike car insurance, in Canada, there is no legal requirement to have homeowners insurance. But that doesn’t mean you should go without it. Find out why you need insurance and how to get the best homeowners insurance quotes in Canada.
Why Do Homeowners Need Insurance in Canada?
Although not legally required, home insurance is mandated by most (if not all) lenders as a condition of getting a mortgage. Home insurance protects the interest of banks and lenders.
Insurance also provides financial security should something unexpected happen to your home. With insurance, you will not have to worry about how you will pay for the cost of repairs to your home, the replacement of your possessions, or the legal costs should someone get hurt on your property.
How Does Homeowners Insurance Work?
Home insurance is very similar to car insurance in that you pay an annual premium either as a lump sum or in monthly payments.
The insurance company then provides you financial protection should you need to make a claim…
Why Do Homeowners Need Insurance in Canada?
Although not legally required, home insurance is mandated by most (if not all) lenders as a condition of getting a mortgage. Home insurance protects the interest of banks and lenders.
Insurance also provides financial security should something unexpected happen to your home. With insurance, you will not have to worry about how you will pay for the cost of repairs to your home, the replacement of your possessions, or the legal costs should someone get hurt on your property.
How Does Homeowners Insurance Work?
Home insurance is very similar to car insurance in that you pay an annual premium either as a lump sum or in monthly payments.
The insurance company then provides you financial protection should you need to make a claim…
