Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Canadians’ Spending Habits and Payment Preferences are Changing Jun 17th
According to a recent study by Payments Canada, the COVID-19 pandemic is changing Canadians’ spending habits. The study found that 62% of Canadians are using less cash, and 42% avoid shopping at places that don’t accept contactless payments altogether.
Moreover, 53% of consumers reported using .... More »
Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' - Global News + MORE Apr 27th
Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' Global NewsEvacuation order issued due to flooding in the Fort McMurray area CTV News EdmontonEvacuations ordered in Fort Vermilion as Peace River breaches banks Global NewsMili.... More »
Oil pipeline opponents target energy companies’ financing, to mixed results May 14th
Efforts to persuade banks to stop supporting oil pipeline projects doesn’t seem to have hurt energy companies broadly, but activists say financial institutions are becoming more aware of Indigenous rights
.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Aug 6th
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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.
Compare now
Tap the button for more details.
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Marijuana industry celebrates federal guidance on banking, but institutions remain wary Feb 16th
SEATTLE – For marijuana dispensaries around the country, the days of doing business in cash — driving around with bill-stuffed envelopes to pay the rent, or showing up at a state revenue office with $20,000 in paper bags for the tax man — can’t end soon enough.
It’s not clear t.... More »
TD Fixed Mortgage Rates Also Rise
– ratesupermarket.ca
TD Canada Trust is the latest bank to increase their fixed mortgage rate offerings, following yesterday’s rate hike from RBC.
The changes affect TD’s discounted four-year fixed, which increased 10 basis points to 3.09 per cent, and five-year fixed, which bumped 20 basis points to 3.29 per cent, to go into effect today.
As of press time, that leaves a spread of 61 basis points between TD’s discounted five-year, and the lowest on RateSupermarket.ca’s Best Mortgage Rates table – 2.68 per cent, offered by True North Mortgage in British Columbia.
UPDATE: Laurentian Bank is the latest lender to increase rates, effective June 12. The changes are as follows:
One-year fixed closed: 3.14 per cent (+ 0.05)
18-month fixed closed: 3.14 (+ 0.05)
three-year fixed closed: 3.55 ( + .10)
Will More Banks Raise Their Rates?
Lenders are taking their cues from Government of Canada bond yields, which have seen an increase as of late, closing yesterday at 1.63 per cent, compared to a 52-week low of 1…
TD Fixed Mortgage Rates Also Rise
– ratesupermarket.ca
TD Canada Trust is the latest bank to increase their fixed mortgage rate offerings, following yesterday’s rate hike from RBC.
The changes affect TD’s discounted four-year fixed, which increased 10 basis points to 3.09 per cent, and five-year fixed, which bumped 20 basis points to 3.29 per cent, to go into effect today.
As of press time, that leaves a spread of 61 basis points between TD’s discounted five-year, and the lowest on RateSupermarket.ca’s Best Mortgage Rates table – 2.68 per cent, offered by True North Mortgage in British Columbia.
UPDATE: Laurentian Bank is the latest lender to increase rates, effective June 12. The changes are as follows:
One-year fixed closed: 3.14 per cent (+ 0.05)
18-month fixed closed: 3.14 (+ 0.05)
three-year fixed closed: 3.55 ( + .10)
Will More Banks Raise Their Rates?
Lenders are taking their cues from Government of Canada bond yields, which have seen an increase as of late, closing yesterday at 1.63 per cent, compared to a 52-week low of 1…
