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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A Look At Shadow Banking In China + MORE Mar 20th
The term Shadow Banking can evoke ideas of an elusive, secretive method for money to be exchanged. It actually is the opposite and really represents a large part of global banking.
Shadow banking is a method used to provide money to businesses that are unable to get a loan from a traditional bank.
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The Best Credit Cards for First-Year University and College Students + MORE Aug 14th
Congratulations! You’ve graduated high school and now you’re taking the next big step in your life. Starting post-secondary education involves a lot of firsts – it may be the first time you’re living away from home, the first time cooking for yourself consistently, and perhaps the first tim.... More »
Top 100 dividend stocks in Canada 2024 Jan 11th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Top 100 dividend stocks in Canada
Consider our list o.... More »
Mismatched Credit Cards Cost Canadians Thousands Mar 17th
New RateSupermarket.ca Calculators Crunch Potential Savings From Switching
March 17, 2014: Toronto, Ontario - Carrying a mismatched credit card is akin to throwing away cash – and Canadians may be surprised to learn that annual fees and unnecessary features could be costing them more than a t.... More »
Oaken Financial Review: High Interest Savings With No Gimmicks Mar 10th
Recently, I wrote an article comparing the top high-interest savings accounts in Canada. It perhaps should come as no surprise that the vast majority of the accounts that made the cut were online bank offerings, from the likes of Tangerine, EQ, and Simplii. Free from the high overhead of traditional.... More »
Travel Rewards Credit Cards: Customers Want The Full Story
– ratesupermarket.ca
Consumers are looking to switch up their travel reward credit card options, according to a recent study commissioned by Capital One. Results released from their Canada Points Pain survey show 75 per cent of respondents are taking a “closer look at their options”, upon hearing of recent changes to a leading airline travel rewards program, and an additional 38 per cent say they plan to change their card.
Says Capital One President Rob Livingston in a statement,” Cashing in travel rewards is supposed to be the fun part, not a source of stress.” Given other recent data that shows four in 10 Canadians find travel rewards credit cards to be confusing, it appears he’s hit the nail on the head.
Consumers Are Reacting To Market Shakeups
While Capital One’s reference to a “leading travel rewards program” is purposely ambiguous, it’s not a huge stretch to speculate who the survey may be referring to. As previously reported, CIBC, TD and Aimia, the owner of the Aeroplan rewards program, have inked a deal to split existing CIBC Aerogold card holders between the two lenders…
