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.
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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 .... More »
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 »
PayPal is going after the big banks Apr 14th
Online payment firm PayPal will soon offer basic banking options to its customers — a move that could be a nightmare for traditional banks..... More »
How Long Does an e-Transfer Take? Nov 4th
Interac e-Transfer has revolutionized how Canadians move money to each other, reducing the number of cheques written by the millions. But how long do e-Transfers take, and is there a way to speed up the process?
In this article, I explain why some e-Transfers are almost instant, and others can take .... More »
Streetwise newsletter: Banks lack controls to prevent customers being misled, watchdog finds; Aecon takeover by Chinese firm could fail over security concerns, analyst says + MORE Mar 21st
Also: U.S. Federal Reserve keeps stress-test clamp on banks amid Dodd-Frank rewrite
.... More »
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…
Do Canadian banks measure up on leverage?
– canada.com
The debate over how to measure bank capital is boiling over after the Basel Committee on Banking Supervision admitted a key measure of capital strength is getting torqued
