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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Making sense of the markets this week: August 30, 2021 Aug 28th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Big earnings from the big Canadian banks
The Big Six Canadian banks (Royal Bank of Canada, TD Bank, Scotiabank, BMO, CIBC and National Bank) released quarterly ear.... More »
How GICs can help you save for your short-term goals Nov 23rd
Let’s talk about short-term savings. By short-term, we’re talking about putting away money for a few months, or even a few years, for a big goal, like a vacation, a wedding or a down payment on a home. Where should you put your savings so they’ll be secure and work for you?
When saving,.... More »
The best no-fee credit cards in Canada for 2024 May 17th
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The best no-fee credit cards in Canada for 2024
From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards.
Compare now
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In-branch tellers bear the brunt of RBC cost cuts Sep 7th
Banks are cutting costs as they deal with slowing revenue growth, low interest rates and tapped-out borrowers
.... More »
Big banks respond to fintech challenge by cutting fees and offering new options May 10th
OTTAWA – Technology firms have turned several industries on their head. The way people buy books, hail a ride home from the bar or find a room for the night while on vacation have all changed.
And now financial technology or fintech firms are turning their sights on the banking industry, but C.... More »
Book Review: Stop Over-Thinking Your Money
– ratesupermarket.ca
Personal finance can be an intimidating topic, but it doesn’t have to be. With the hundreds of books out there, where is a reader to start? Some people would rather get a root canal than assess their financial situation. And while improving personal finances is one of the most common New Year’s Resolutions, by mid-January many have already given up on their holiday credit card statement. It’s these excuses author and Globe and Mail personal finance columnist Preet Banerjee skewers in his new book, Stop Over-Thinking Your Money.
Banerjee provides five simple rules to follow towards financial success. You’ll note investing isn’t one of them – why should you worry about investing, when you don’t have any money to invest? With household debt at record levels and personal savings rates at paltry levels, Canadians clearly aren’t getting the message. Banerjee’s rules are easy to grasp and actionable – you’ll achieve an “easy a” in personal finance in no time…
6 Ways To Recover From A Holiday Spending Snafu
– ratesupermarket.ca
Buyer’s remorse is at an all-time high during the last two weeks of December and the beginning of January. Frantic to complete holiday gift shopping, shoppers often disregard price tags and swipe credit cards and debit cards without a care. That is, until the reality of how much they’ve spent sets in. Enter feelings of regret.
Sound familiar? Read on for quick tips about how to recover from your holiday spending snafu.
Return — Don’t Exchange — Unwanted Gifts
Instead of exchanging that ugly sweater from Grandma for something, why not return it and keep the money instead? A few returns could help take you out of the red to into the green. If a store credit is your only option, save it for a time when you’ll really need it.
Go Cash-Only
After the holidays, give your credit cards a well-deserved break. Take them out of your wallet and replace them with cash. Relying on cash only will stop you from purchasing what you can’t afford.
Say No To Social Spending
Turn down social gatherings you can’t afford to partake in…
Johnson for President
– online.wsj.com
Morning Editorial Report: Harry Reid tries again on unemployment benefits, Facebook’s Zuckerberg admits that revenue is good, and investors and prosecutors love big banks.
