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: November 2 Oct 31st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Big, juicy Canadian dividend stocks are on sale
In Canada, we now have the largest spread (in three decades) between Canadian bond yields and the Canadian high dividend inde.... More »
Scotia iTrade Review: A Discount Broker for Active Traders Jan 17th
Every year, advancements in mobile technology are placing the stock market at the fingertips of Canadian investors. In fact, it’s never been easier to invest on your own. One of the best ways to get started is by opening a discount brokerage account. These do-it-yourself trading accounts provide i.... More »
Key steps to getting out of credit card debt as the cost of borrowing rises Jul 12th
Paying off high-interest credit card debt should be a top priority — even if the big banks' decision to raise their prime rates doesn't directly impact credit card rates, says a credit counselling expert..... More »
The best rewards debit cards in Canada for 2024 Mar 5th
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The best rewards debit cards in Canada for 2024
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
Compare now
CategoryAccountBest for rewards.... More »
At midday: TSX lower as Home Capital, big banks weigh + MORE May 12th
Wall Street slips as retailer woes continue
.... More »
MBNA TrueLine MasterCard Launches Personalized Interest Rate
– ratesupermarket.ca
In the world of consumer borrowing, the affordability of a loan – aka. scoring the best rate – is dependent on a few factors: the applicant’s current debt ratio, income level, existing assets, and their credit score. However, credit cards are usually exempt from this model – they come with a fixed cost of borrowing and, while a pristine credit score can qualify you for plusher rewards and a higher limit, there isn’t much wiggle room when it comes to paying interest.
Previously, customers looking to pay less could apply for low interest options, or sign up for limited-time balance transfer promotions. Now, MBNA has changed the game, introducing a credit card that tailors its interest rate based on the cardholder’s credit score.
The new card is actually a relaunch of the lender’s popular TrueLine MasterCard, a no-fee option that offered 9.99 per cent on purchases and balance transfers. The new version will charge an interest rate ranging from 5.9 per cent (the lowest on the market), to 14…
U.S. and Europe escalate sanctions against Russia
– macleans.ca
WASHINGTON – Struggling to defuse the persistent crisis in Ukraine, both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting rebels “have consequences.”
Though the American and European sanctions were co-ordinated, they nonetheless exposed fissures in what the West has tried to project as a united front in its months-long effort to isolate Russian President Vladimir Putin.
Putin, sounding unperturbed, said the U.S. was only hurting itself.
The penalties announced by the White House were broad in scope, targeting two major Russian energy firms, a pair of powerful financial institutions, eight arms firms and four individuals. Leaders in Europe, which has a far deeper economic relationship with Russia than the U.S., were more restrained, ordering investment and development banks on the continent to suspend financing agreements with Moscow.
Even the U…
Though the American and European sanctions were co-ordinated, they nonetheless exposed fissures in what the West has tried to project as a united front in its months-long effort to isolate Russian President Vladimir Putin.
Putin, sounding unperturbed, said the U.S. was only hurting itself.
The penalties announced by the White House were broad in scope, targeting two major Russian energy firms, a pair of powerful financial institutions, eight arms firms and four individuals. Leaders in Europe, which has a far deeper economic relationship with Russia than the U.S., were more restrained, ordering investment and development banks on the continent to suspend financing agreements with Moscow.
Even the U…
