Making sense of the markets this week: March 3, 2024 + MORE Mar 1st

The “Big Five” Canadian banks offer investment funds and 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). Let’s explore the best place for you to invest.
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The best GIC rates in Canada for 2024 + MORE Nov 18th

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 navigat.... More »

Bank of Canada nears decision on oversized rate cut - The Globe and Mail Oct 20th

Bank of Canada nears decision on oversized rate cut  The Globe and MailOttawa real estate industry watching anticipated interest rate cut closely  CTV News OttawaBusiness News: Canada’s inflation rate drops to 3 year low & RBC says Canada’s labour market is a bigger risk .... More »

Apple's MM1 AI Model Shows a Sleeping Giant Is Waking Up - WIRED Mar 19th

Apple's MM1 AI Model Shows a Sleeping Giant Is Waking Up  WIREDApple Is in Talks to Let Google Gemini Power iPhone AI Features  BloombergAlphabet Stock Is Soaring Today: Is It a Buy on Potential Apple News?  Yahoo FinanceImpact of Google and Apple's rumored AI partnersh.... More »
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Billie Eilish calls out billionaires with Mark Zuckerberg in the audience - CBC + MORE Oct 31st

Billie Eilish calls out billionaires with Mark Zuckerberg in the audience  CBCBillie Eilish urged billionaires to give away their money right after it was announced she was donating millions  CP24Billie Eilish calls on billionaires to give away their wealth—with Mark Zuckerberg.... More »
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How to start saving for retirement at 45 + MORE Mar 13th

Saving for retirement at age 45 means you’ll have a 20-year runway toward a traditional age 65 retirement. But what’s your starting point? The National Bank of Canada suggests that by age 40 you should have 2.1 times your annual income saved for retirement, while the U.S.-based firm Fidelity rec.... More »
Making sense of the markets this week: March 3, 2024Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is a consulting editor and journalist for MoneySense.

Bank earnings strong despite hikes in provisions

This week, Canada’s Big Five banks (six with National Bank) reported earnings for the three months ending January 31, 2023. All six reported significant increases in provisions for credit losses (PCLs), as homeowners and other borrowers struggled with inflation and the impact of higher interest rates. (Provisions for credit losses represent a bank’s estimate of loans at risk of defaulting. PCLs reduce the bank’s earnings.)

Canadian bank earnings highlights
Here’s how Canadian banks performed in the three months ending January 31, 2024.

Bank of Montreal (BMO/TSX): Adjusted earnings per share of $2…

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The best rewards credit cards in Canada for 2024
Rewards credit cards help you earn cash back or points, which can be redeemed toward groceries, travel, merchandise, gift cards and more.

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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…

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The best no-fee credit cards in Canada for 2024
From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards.

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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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The best travel credit cards in Canada for 2024
From points to perks, a good travel credit card can make your trip more affordable, more comfortable and even more secure.

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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…

Continue Reading On moneysense.ca »

Credit Cards

The best cash back credit cards in Canada for 2024
Maximize your spending power by earning cash back on every dollar you spend. We’ve curated a list of Canada’s best cash back cards – from no fee cards to premium perk-filled cards.

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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…

Continue Reading On moneysense.ca »

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