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
Want to raise your credit score in Canada? Avoid these 5 credit card mistakes + MORE Aug 26th
What is a credit score, and how does it affect your personal finances? Anytime you apply to borrow money, whether it’s a loan, a line of credit or a new credit card, lenders look at your credit rating—and your credit score is a big part of that.
Find your next credit card*
See cards tailor.... More »
Business Highlights Aug 8th
___
Steady US job gains likely foretell a new era: Higher rates
WASHINGTON (AP) — A new era of higher rates on home and car loans, steeper borrowing costs for businesses and the government — maybe even a bit more return for savers — is about to arrive.
That, at least, is the word from most eco.... More »
How to Make the Most of TD Rewards Points for Travel and More Dec 2nd
Nowadays, most Canadian banks offer a comprehensive loyalty rewards program, and TD Bank is no different. In this article, I’ll cover the TD Rewards program in detail. I’ll explain the key benefits, let you know who I think it’s best suited for, and show you how to get the most out of TD Rewar.... More »
Look outside the Big Banks box for best savings rates Nov 14th
Small financial institutions, ETFs and investment savings accounts offer the best interest rates around.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? Jan 10th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
Moody’s cuts outlook for Canadian banks
– moneysense.ca
Moody’s Investor Services has cut its outlook for the Canadian banking system to negative due to an expected reduction of government support for the sector, but says it still believes the individual banks and the overall system are among the strongest in the world.
The outlook change is based on the Canadian government’s plans to shift more burden to the banks’ creditors — and away from taxpayers — in the event of a major financial crisis like the one in 2008-09, Moody’s analyst David Beattie said Tuesday.
But he said there’s no reason for the Canadian public to be alarmed by the “negative” outlook that Moody’s put on the banking system, replacing a “stable” outlook that had been in place since August.
“The Canadian banking system remains one of the highest-rated banking systems in the world,” Beattie said.
The New York-based agency’s ratings are intended as a guide to investors and institutional money managers. Ratings by Moody’s and other agencies are among the factors used by investors to determine bond prices and yields…
The outlook change is based on the Canadian government’s plans to shift more burden to the banks’ creditors — and away from taxpayers — in the event of a major financial crisis like the one in 2008-09, Moody’s analyst David Beattie said Tuesday.
But he said there’s no reason for the Canadian public to be alarmed by the “negative” outlook that Moody’s put on the banking system, replacing a “stable” outlook that had been in place since August.
“The Canadian banking system remains one of the highest-rated banking systems in the world,” Beattie said.
The New York-based agency’s ratings are intended as a guide to investors and institutional money managers. Ratings by Moody’s and other agencies are among the factors used by investors to determine bond prices and yields…
Private equity firms muscling in on Canadian banks’ commercial lending
– theglobeandmail.com
Small and mid-sized Canadian companies are targeted as firms are flush with cash to aid baby boomers who are looking to sell the businesses they built from scratch
