Learn more about Canada’s top banks rates, rules and the latest news – read on!
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Banks’ sales pitches can cost you money: Roseman Oct 20th
With lower demand for classic credit cards, expect more sales pitches from the banks as they try to shore up their profits..... More »
Making sense of the Bank of Canada interest rate decision on March 6, 2024 Mar 8th
In its March 6 announcement, the Bank of Canada (BoC) held its trend-setting overnight lending rate at 5% for the fifth consecutive time—and depending on whether you’re a borrower or investor, you’re heaving either a sigh of relief or impatience. Here’s what it means for Canadians.
As a r.... More »
The best Visa credit cards in Canada for 2024 + MORE Dec 6th
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Compare your Visa options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999.... More »
Debt collection in Canada: What collectors can and can’t do Dec 15th
When bills go unpaid, that’s when the calls from creditors can start. At home, at work, by phone or mail—they’ll reach out in every way they can to get you to pay.
Debt collectors are obligated to follow specific rules about how they make contact and what information they can request; h.... More »
The best GIC rates in Canada for 2024 Jul 25th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The Pros and Cons of Investing in Bank Stocks
– ratesupermarket.ca
Perhaps you’ve relied on your bank to advise you on your investments, or taken out a GIC or RRSP with them. But have you considered investing in your bank itself? Bank stocks are a popular investment that commonly pay dividends. And, according to a new report released by RBC Capital Markets, they’re expected to do well over the next year, climbing between eight and 19 per cent.
Bank Stocks Are Still Subject To Risk
But don’t toss all your savings in just yet – there are several elements to consider beforehand when investing in bank stocks, says Kim Inglis, an investment advisor and portfolio manager with Canaccord Genuity Wealth Management. Bank stocks are especially sensitive to overall economic fluctuations, moreso than stocks in other unrelated sectors.
“Before investing in banks or any stocks for that matter, investors should assess their overall tolerance for risk,” says Inglis. In other words, write down the maximum dollar value loss you could deal with in the event that things go south for you…
Dividend Hikes Seen on Tap as Canadian Bank Earnings Kick Off
– blogs.wsj.com
Many of Canada’s big banks are expected to hike their dividends this week when they report third-quarter results.
Canada's banks to report slow growth: analyst
– thestar.com
Big six get set to report third-quarter earnings.
TD Bank Group said Monday that it has not yet reached a deal with CIBC and Aimia that would see the banks both offering credit cards linked to the Aeroplan loyalty points program but that talks are continuing.The Pros and Cons of Investing in Bank Stocks
– ratesupermarket.ca
Perhaps you’ve relied on your bank to advise you on your investments, or taken out a GIC or RRSP with them. But have you considered investing in your bank itself? Bank stocks are a popular investment that commonly pay dividends. And, according to a new report released by RBC Capital Markets, they’re expected to do well over the next year, climbing between eight and 19 per cent.
Bank Stocks Are Still Subject To Risk
But don’t toss all your savings in just yet – there are several elements to consider beforehand when investing in bank stocks, says Kim Inglis, an investment advisor and portfolio manager with Canaccord Genuity Wealth Management. Bank stocks are especially sensitive to overall economic fluctuations, moreso than stocks in other unrelated sectors.
“Before investing in banks or any stocks for that matter, investors should assess their overall tolerance for risk,” says Inglis. In other words, write down the maximum dollar value loss you could deal with in the event that things go south for you…
