Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
How to Buy and Sell Bitcoin and Other Cryptocurrency in Canada Aug 26th
If you pay attention to investing news at all, it’s impossible not to notice the emergence of Bitcoin. This speculative currency has become enormously popular in Canada, with online exchanges and Bitcoin ATMs showing up just about everywhere. Still, there are many questions that need to be asked. .... More »
Pre Holiday Credit Card Debt Already at 2-Year High Nov 24th
By: Barry Choi
With Black Friday week marking the unofficial start to the holiday shopping season, many Canadians are hoping to get an early start on their spending. But how much money do they plan on dropping? The average is $1,551, according to a new study from BMO Financial Group.
Holiday spendi.... More »
Banks, insurers shy away from former grow ops + MORE Jun 30th
TORONTO – At first glance, the mid-century, three-level Winnipeg home was everything that Sarah Fehr and her fiancee had been looking for.
It was located in the right neighbourhood, had a double garage and the backyard was spacious enough for the couple’s two pugs to frolic in.
Perhaps most impo.... More »
The best GIC rates in Canada for 2025 + MORE Jun 9th
GIC comparison tool
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Credit Card Interchange Fees: The Impact in Other Countries Mar 31st
Last November, it was announced that MasterCard and Visa will reduce credit card interchange fees to an average of 1.5 per cent, to take effect this April. The fees, which are paid by merchants to issuing credit card lenders on each credit card transaction, have long been a point of contention amon.... More »
Why Canadian Bank Profits Are Causing Economic Worry
– ratesupermarket.ca
Shares of Canada’s big banks have been soaring since the start of the summer, pushed higher by steady growth in residential mortgage lending. So much so that the eight-company S&P/TSX Canadian Banks Composite Index hit a record high recently, more than doubling the gain of the broad benchmark index over the same period.
But investors hoping that the good times might continue got a bit of a shock this week as shares in the sector faltered, signalling a warning that the banking business may be heading into a period where Canadian bank profits growth will start to slow.
Investors Decide To Take Profits
Despite their impressive run, S&P Capital IQ equity analyst Erik Oja notes that Canadian banks face several country-specific and global challenges including low interest rates, deleveraging Canadian borrowers, frothy real-estate prices, and a still listless U.S. recovery.
What’s more, despite the fact that the credit ratings of Canada’s banks are among the highest in the world, Fitch Ratings struck a cautious note in its most recent report on Canadian lenders…
Why Canadian Bank Profits Are Causing Economic Worry
– ratesupermarket.ca
Shares of Canada’s big banks have been soaring since the start of the summer, pushed higher by steady growth in residential mortgage lending. So much so that the eight-company S&P/TSX Canadian Banks Composite Index hit a record high recently, more than doubling the gain of the broad benchmark index over the same period.
But investors hoping that the good times might continue got a bit of a shock this week as shares in the sector faltered, signalling a warning that the banking business may be heading into a period where Canadian bank profits growth will start to slow.
Investors Decide To Take Profits
Despite their impressive run, S&P Capital IQ equity analyst Erik Oja notes that Canadian banks face several country-specific and global challenges including low interest rates, deleveraging Canadian borrowers, frothy real-estate prices, and a still listless U.S. recovery.
What’s more, despite the fact that the credit ratings of Canada’s banks are among the highest in the world, Fitch Ratings struck a cautious note in its most recent report on Canadian lenders…
