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 2025 Feb 18th
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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Looking for a mortgage in B.C.? Don’t limit your options to the big banks Aug 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Do you need that bank mutual fund? Maybe not Jul 10th
A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25% say.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 7th
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 high-interest savings accounts in Canada for 2024 + MORE Dec 30th
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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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Will Canadian HISA ETFs survive the new rule change?
– moneysense.ca
The growth of high-interest savings account (HISA) exchange-traded funds (ETFs) is the story of Canada’s ETF industry in 2023. Money market funds, including HISA ETFs, hoovered up $9.7 billion of investors’ money in the first 10 months of the year, representing 29.1% of the net inflow into Canada’s ETF universe, only slightly behind the fixed income (34.7%) and equity (31.3%) categories. Money market ETFs finished October with $24.7 billion in assets, up from $15.7 billion at the end of 2022, Canadian ETF Association (CETFA) statistics show. But a regulatory ruling that comes into effect soon could have a profound effect on this upstart branch of Canada’s ETF industry.
The Office of the Superintendent of Financial Institutions (OSFI) issued a ruling on Oct. 31, 2023, that requires banks taking deposits from ETF issuers to have 100% of the capital needed to support those deposits in case they get rapidly withdrawn.
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The most popular HISA ETFs
The reason for HISA ETFs’ popularity with investors is not hard to see…
