Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
By the numbers: Canada’s six biggest banks earned a combined $9.2 billion in Q3 + MORE Aug 28th
TORONTO – Canada’s six biggest banks earned a whopping $9.2 billion in combined profits during the third quarter ended July 31, even amid investor concerns about how the plummet in the price of oil and Canada’s contracting economy would weigh on the lenders’ bottom lines. Her.... More »
AP Source: China’s Sina plans New York IPO for Weibo microblog that would raise $500 million + MORE Feb 25th
HONG KONG – Chinese internet company Sina Corp. plans to spin off its Twitter-like microblog service, Weibo, in a U.S. initial public offering to raise $500 million, a person with knowledge of the deal said Tuesday.
The person, who requested anonymity because they weren’t authorized to s.... More »
This mortgage loophole puts us at risk + MORE Jun 27th
If the Canadian housing market were to crash it would be catastrophic. At least, that’s the synopsis of the latest Moody’s Investors Service report.
According to their analysis the six big banks would lose nearly $12 billion while CMHC and other mortgage insurers would be on the hook for as muc.... More »
Are You Making the Right Money Moves? Oct 24th
Shopping for your personal finance products is often anything but straightforward – with so many options and opinions available, it can be tough to make the right decision for your hard-earned money. This week, we’ve targeted two of the most confusing money moves – understanding your .... More »
7 Ways to Get a Bank Account for Cheap + MORE Oct 3rd
When it comes to setting up your own bank account, some may feel more comfortable with the familiar. Maybe your parents set up a youth account for you with their bank and you haven’t branched out yet (no pun intended). Or perhaps you think the best deals can only be found with the big five banks..... More »
Top Tips For Boxing Day 2013
– ratesupermarket.ca
Millions of Canadian consumers will brave the winter cold yet again this year for the allure of bargain prices; Boxing Day is the one last opportunity for retailers to rack up holidays sales before the New Year. Boxing Day 2013 in Canada is like the original Black Friday – retailers are looking to make a windfall off last minute consumer purchases. With the household debt-to-income ratio hitting a new record last quarter, holiday spending is sure to set a new benchmark this year – good news for stores, not so much for your credit card balance.
Canadians Can’t Get Enough of Boxing Day
Boxing Day is one of the most popular shopping days in Canada. Almost two-thirds of Canadians said they were planning to take advantage of Boxing Day sales, according to a released by BMO last year. Surprisingly, Boxing Day is a bigger hit with men than women – 66 per cent of men plan to partake, while only 58 per cent of women will hit the malls. Boxing Day is most popular in Alberta, where 76 per cent said they expected to shop, while only 36 per cent of shoppers in Quebec will go shopping…
