The “Big Five” Canadian banks 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). Are there other viable options?
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Best online banks and credit unions in Canada for 2025 Mar 6th
Where can you get the best digital banking experience in Canada? We wanted to find out in this second annual review of the best online banks and credit unions in Canada.
To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing.... More »
When is open banking coming to Canada? Ottawa says “at the earliest opportunity” Jun 19th
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled.
Open banking or consumer-driven banking, as Ottawa calls it, is about allowing Canadians and businesses to secure.... More »
The best GIC rates in Canada for 2025 Jan 28th
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 navigat.... More »
The best American Express credit cards in Canada for 2023 + MORE Nov 1st
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The best American Express 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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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 »
How to invest in cryptocurrency (without losing your shirt)
– moneysense.ca
I have until now not written about the ongoing cryptocurrency boom—but, given the spectacular rise of bitcoin in the last few months, and last week’s subsequent correction, decided it was time.
Upfront, I should disclose I personally started to dabble in this asset class for the first time in the autumn of 2020, having sat out the first iteration of bitcoin mania in 2017. But this time, growing institutional acceptance seems to have brought back an even stronger wave of enthusiasm and euphoria, buoyed in part over the frustration of minuscule interest rates and inflationary forces unleashed by endless money printing by central banks in the U.S. and the rest of the world.
For me, the impetus this time around was the Profits Unlimited newsletter, edited by Paul Mampilly. I have found Mampilly so insightful with his recommendations—it was he who first twigged me to the actively managed ARK ETFs that focus on the “innovation economy”—that I decided to take a flyer on two of his suggestions for how investors could buy trusts that track the price of bitcoin and ethereum, which trade over-the-counter…
Upfront, I should disclose I personally started to dabble in this asset class for the first time in the autumn of 2020, having sat out the first iteration of bitcoin mania in 2017. But this time, growing institutional acceptance seems to have brought back an even stronger wave of enthusiasm and euphoria, buoyed in part over the frustration of minuscule interest rates and inflationary forces unleashed by endless money printing by central banks in the U.S. and the rest of the world.
For me, the impetus this time around was the Profits Unlimited newsletter, edited by Paul Mampilly. I have found Mampilly so insightful with his recommendations—it was he who first twigged me to the actively managed ARK ETFs that focus on the “innovation economy”—that I decided to take a flyer on two of his suggestions for how investors could buy trusts that track the price of bitcoin and ethereum, which trade over-the-counter…
