Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union May 9th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
What home buyers should know about the Canadian mortgage stress test Mar 26th
Canada’s mortgage stress test applies to anyone applying for or renewing a home loan through a federally regulated lender. But, if you’re like nearly half of Canadians polled by TD Bank in 2019, you may not understand what the test is—or who it affects.
The rules of the stress test ha.... More »
Knowing Your Debts and Planning for Payments Post-Relief Efforts + MORE Jun 12th
The COVID-19 pandemic has changed many Canadians’ way of life. Unfortunately, some have lost their jobs or are working on reduced hours and, in turn, have had to rely on government support or their savings to help make ends meet.
According to the federal government’s 2019 Canadian Financial Cap.... More »
How to Spot Credit Card Fraud and What You Can Do to Prevent It May 29th
Credit card fraud comes in various forms and can cause a lot of damage to both your balance and your credit score. Often thieves only get away with a few hundred dollars, but sometimes they can manage to steal thousands. And when they do, it can take hours of hard work and communication to unravel .... More »
Making sense of the markets this week: March 5, 2023 Mar 3rd
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Canadian banks take rising costs and recovery dividend in stride
There is no shortage of headwinds for Canadian banks at the moment.... More »
To retain or redeem rate-reset preferred shares?
– theglobeandmail.com
Three Canadian banks have already decided to keep three of the very first series that are nearing their anniversary.
A new survey commissioned by one of Canada’s largest banks suggests more Canadians are in debt this year than last year, and the average amount people are putting towards debt repayment is going down.
