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
After 2 months, Western Union says it can again transfer money out of Greece Aug 31st
NEW YORK, N.Y. – Western Union said Monday that it is now offering money transfers out of Greece two months after that service was suspended.
Western Union said customers in Greece can use its Paylink agent to send as much as 500 euros a month ($559) to other countries. The Englewood, Colorado.... More »
Bank Bashing, the Modern Nero's Fiddle + MORE May 23rd
Dodd-Frank and a rash of bank prosecutions have done nothing to make banks safer or more productive..... More »
Play it safe and ask if your savings are protected Jan 9th
All of us expect our savings to be safe when we deposit them at the bank. However, although it’s rare, banks and other financial institutions in Canada can fail, so you might want to make sure your savings are protected. The next time you visit your branch or meet with your financial advisor, ask.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Apr 1st
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an.... More »
Making sense of the markets this week: October 22, 2023 Oct 21st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Big wins for big U.S. banks
If you’ve been betting against American consumers over the last few years, then you havenâ.... More »
Credit Card Profile: TD Aeroplan Visa Infinite
– ratesupermarket.ca
TD’s longstanding goal to become the primary issuer of Aeroplan rewards became a reality on January 1st, as their deal with CIBC finalized and a brand new travel rewards credit card hit the market.
The lender has wasted no time launching the TD Aeroplan Visa Infinite, a doozy of a travel card featuring plush VIP perks and comprehensive travel insurance. The new card will be followed with additional Aeroplan options in the months to come, as TD develops its new rewards suite and completes the transfer of roughly 550,000 CIBC Aeroplan cardholders.
The End Of A Dramatic Deal
The completed transaction comes after terse negotiations with former provider CIBC, who dominated the Aeroplan reward space for decades. Change arose when Aeroplan owner Aimia announced they would not renew their contract with the lender, and would join forces with TD in the new year.
CIBC initially cried foul, citing breach of contract and their first right of refusal. A three-way settlement was eventually reached, with half of CIBC’s Aeroplan clients sold to TD in a $162…
China will allow the creation of up to five privately financed banks this year gradually opening the state-run industry in a bid to boost growth, the country’s banking regulator says.
