The “Big Five” Canadian banks 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). Are there other viable options?
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Big banks watch closely as Laurentian shutters branches Oct 1st
As business shifts away from bricks-and-mortar institutions to online banking, smaller lender announces major change
.... More »
Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings - PGA TOUR + MORE Sep 1st
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The Great Canadian Debt Poll + MORE Feb 22nd
Debt in Canada is a growing issue – our nation’s debt load has hit $1.422 trillion, and the household debt-to-income ratio has reached 163.7 per cent! And that’s not slowing consumers down – a recent Equifax study found that non-mortgage debt has increased to $518.3 billion,.... More »
The best GIC rates in Canada for 2025 + MORE May 21st
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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.
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Your Best Options For Travel Rewards Credit Cards
– ratesupermarket.ca
Two credit card giants are battling for the right to carry Aeroplan rewards miles – but it’s current cardholders who are left waiting in the wings. Previously this summer, Aeroplan owner Aimia Inc. announced a new deal with TD, pending the expiry of their current credit card partnership with CIBC this December. It’s a move that would knock CIBC out as the leading provider of Aeroplan rewards – which it has been for decades – and the lender is not stepping back without a fight.
An Uncertain Future For Travel Rewards Customers
CIBC was given until this past Friday, August 9, to match Aimia’s new deal with TD, which includes paying 15 per cent more per mile and an upfront payment of $100 million to retain the partnership. However, CIBC is calling foul, stating on the deadline that these terms are invalid as Aimia had disregarded their right to first refusal under the current contract.
Currently, the two banks and rewards provider are trying to hash it out – according to a statement released by CIBC, the lender is looking to sell 50 per cent of their Aerogold portfolio, made up mainly of stand-alone credit card consumers, to TD…
Canadian Tire Bank Branch To Expand With New Partner
– ratesupermarket.ca
You may have noticed recent headlines about Canadian Tire, your go-to hardware and home store, being on the hunt for a partner in the banking sector. the retail giant wants a credit card partner to share the wealth, and the risk, of its rapidly growing financial arm, which it says makes up $4 billion of its portfolio – more than eight per cent of its total revenue. Now, Canadian Tire wants to cut its vulnerability and find a financial partner.
“As a result of that work, we are now well-positioned to explore an arrangement that would allow us to increase our financial flexibility while continuing to enjoy the substantial contributions of our financial services business,” Chief Executive Stephen Wetmore said in a statement
Canadian Tire And The Bank Business
The Canadian Tire Financial services story starts in 1961, when it was called Midland Shoppers Credit limited. The company processed credit transaction for local retailers. Eventually, Canadian Tire bought them in 1968 and, in 1995, launched their own Mastercard…
Your Best Options For Travel Rewards Credit Cards
– ratesupermarket.ca
Two credit card giants are battling for the right to carry Aeroplan rewards miles – but it’s current cardholders who are left waiting in the wings. Previously this summer, Aeroplan owner Aimia Inc. announced a new deal with TD, pending the expiry of their current credit card partnership with CIBC this December. It’s a move that would knock CIBC out as the leading provider of Aeroplan rewards – which it has been for decades – and the lender is not stepping back without a fight.
An Uncertain Future For Travel Rewards Customers
CIBC was given until this past Friday, August 9, to match Aimia’s new deal with TD, which includes paying 15 per cent more per mile and an upfront payment of $100 million to retain the partnership. However, CIBC is calling foul, stating on the deadline that these terms are invalid as Aimia had disregarded their right to first refusal under the current contract.
Currently, the two banks and rewards provider are trying to hash it out – according to a statement released by CIBC, the lender is looking to sell 50 per cent of their Aerogold portfolio, made up mainly of stand-alone credit card consumers, to TD…
