The “Big Five” Canadian banks offer credit cards 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). Did you know that there are many other options?
Latest News
NAFTA: Early sticking points encountered on numerous issues + MORE Sep 5th
MEXICO CITY — Negotiators have run into a series of early sticking points on nearly every major element considered key to achieving a new NAFTA agreement, according to sources who describe a dialogue-of-the-deaf-like approach to sensitive issues.
A recurring pattern has emerged during the current .... More »
The best GIC rates in Canada for 2025 + MORE Jul 8th
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 navigate m.... More »
May 7 Update: Aeroplan buy miles sale craziness and have we seen the last of WestJet's 767s? + MORE May 8th
The Aeroplan buy miles sale that launched at 10am this morning was so successful that it created a lot of issues. Some of our readers and ourselves couldn't even log on to the system and/or got errors and that seemed to be the case for a lot of people as Points.com who facilitates the process saw.... More »
Making sense of the markets this week: October 26 + MORE Oct 23rd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The pandemic holiday season is near
This will be our first “global pandemic holiday season.”
That phrase does not have a nice festive ring to it, I know. And it might not .... More »
Closing joint bank accounts after a breakup Oct 5th
On joint credit card accounts, problems arise when you carry a balance. Legally, that debt belongs to both of you, even after a breakup.... More »
Money Now or Money Later?
– canadianfinanceblog.com
Delayed gratification is one of the main tenants of personal finance. Scan the front page of any major personal finance website, or read through the table of contents for any popular personal finance book, and you’ll see examples of delayed gratification.We see this in tips and techniques like freezing your credit card so that you have to wait for it to thaw in order to make purchases on it, or by writing out a list of things that you want, waiting 30 days, and checking to see if you still want to make those purchases. Both of those are ways to trick yourself into delayed gratification.
The reason that it is a personal finance cornerstone is because one of the major problems that we see in our daily culture is impulse purchases and a “need-now” mentality. We see this in the great show “Arrested Development”, where two of the main Bluths are purchasing a home that slowly gets upgraded from a modest 2 bedroom home to a mansion with a gatehouse (or two) because, “at least then you’ll have it”…
Higher cardholder spending boosts American Express profit
– theglobeandmail.com
Revenue fell short of expectations
How To Get An Online Shopping Refund
– ratesupermarket.ca
Canadians are pretty thrifty when it comes to finding deals via online shopping - but navigating the hidden costs of shipping and customs duties when buying from foreign countries is a different story.
In 2010, Canadians placed nearly 114 million orders online, worth $15.3 billion, according to Stats Canada. On average, Canadians who order online spend about $1,362 annually and nearly 90 per cent pay using credit cards.
In May, U.S.-based Forrester Research released a report that showed 25 per cent of online spending by Canadians goes through international websites – purchases that were subjected to often overlooked duties.
Why You’ll Shell Out For Shipping
When you purchase products online from companies located south of the border, you have to pay a duty to import that product, much like if you drove stateside and bought a stack of DVDs or clothing.
A third of shoppers surveyed for Forrester’s report said they weren’t concerned with taking the additional hit for duties while 17 per cent even considered having purchases shipped to a friend in the U…
