Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
The best credit cards for newcomers to Canada for 2024 + MORE Feb 1st
Credit Cards
The best credit cards for newcomers to Canada for 2024
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
Making sense of the markets this week: July 31 Jul 30th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
With earnings season in full swing, there’s a lot to catch up on this week, as we try to make sense of the markets that defy being d.... More »
What Is CDIC and How Does It Work? Mar 23rd
When you see the purple decal – this is what it means for your savings
For generations, Canadians have been able to place their trust in their financial institutions. In fact, during the global economic crisis of 2008, Canadian banks weathered the storm better than most and were the envy of fi.... More »
Canadian Banks Take a Credit Rating Hit from Moody’s + MORE May 18th
The credit ratings of Canada’s Big Six banks have been taken down a notch, reflecting our nation’s high level of household debt and housing prices.
Last week, credit ratings agency Moody’s Investor Service announced that Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadi.... More »
The close: TSX falls as oil prices weigh on energy stocks + MORE Oct 12th
Banks and media companies drag down Wall Street
.... More »
Have You Had The Joint Bank Account Talk Yet?
– ratesupermarket.ca
No matter when you get married (or make the big move-in), the topic of money will eventually come up. And it should! Having a frank, open and honest discussion about finances with your future life partner is key to the success of any marriage. But depending how old you and your spouse are it can be hard to determine which accounts should be joint and which should remain separate. Priorities change as we get older and that should be taken into consideration. Money is still one of the top five reasons couples split. By combining your finances together in smart ways - that is also age appropriate – you and your partner will be headed to a healthy financial future.
Is Your Financial Plan Built For A Pair?
Recently TD Canada Trust did a survey asking couples about the top three personal finance products that Canadians combine with their partner. They answered:
Joint bank account (64 per cent)
A mortgage (60 per cent)
A joint credit card (50 per cent)
But only 36 per cent of couples have a joint financial plan…
