Learn more about Canada’s top banks rates, rules and the latest news – read on!
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Canadians getting sick trying to cut food costs: study - CityNews Toronto + MORE Apr 27th
Canadians getting sick trying to cut food costs: study CityNews TorontoCanadian food banks are on the brink: ‘This is not a sustainable situation’ Global NewsCanadians are taking more risks with their food due to high prices National PostCHARLEBOIS: The hidden co.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Nov 4th
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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 2024 Jun 5th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The best credit cards in Canada for 2023 Nov 14th
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The best credit cards in Canada for 2023
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Want to raise your credit score in Canada? Avoid these 5 credit card mistakes + MORE Aug 26th
What is a credit score, and how does it affect your personal finances? Anytime you apply to borrow money, whether it’s a loan, a line of credit or a new credit card, lenders look at your credit rating—and your credit score is a big part of that.
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Making sense of the markets this week: June 28
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.Are the markets throwing a taper tantrum?
The term “taper” and the possibility of a “taper tantrum” jumped into business news and headlines this past week. What is all of this taper talk? And what does it mean for our stocks and bonds, and other investments?
Here’s the background. To help keep rates low, central banks buy their own government bonds. That link to the Bank of Canada site explains the bond-buying process (termed QE, or quantitative easing). And here’s the rationale from that BOC page…
“QE sends a signal that we intend to keep our policy interest rate low for a long time—as long as inflation stays under control. By giving more certainty that our policy interest rate will remain low, QE can help reduce longer-term borrowing costs for businesses and households.”
And in chart form…
Source: Bank of Canada
Central banks are working to stimulate growth as part of their goal to achieve a 2% inflation target…
