Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for 2025 Mar 3rd
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Getting paid in bitcoin: What you need to know Jun 8th
Would you want to be paid in bitcoin? As bitcoin and other cryptocurrencies become more mainstream, your employer might one day give you the option. And if you’re self-employed, you might consider taking payments in crypto—if you can stomach its volatility. Younger generations, in particular, ar.... More »
Can you build a 40/30/30 portfolio with ETFs? Aug 22nd
The unique market conditions of the 2022 bear market exposed a major flaw in the traditional 60% stocks/40% bonds balanced portfolio used by millions of investors. That year was defined by two forces: surging inflation across both the U.S. and Canada, and aggressive interest rate hikes by their resp.... More »
Swiss bank Julius Baer reaches deal in principle to settle US tax dispute, sets aside $547M + MORE Dec 30th
BERLIN – Swiss bank Julius Baer says it has reached an agreement in principle to settle a dispute over dealings with U.S. clients, and is setting aside $547.25 million to cover the costs.
Julius Baer was one of several Swiss banks that came under pressure in recent years over allegations they .... More »
How Rewarding are Canadian Rewards Credit Cards? Sep 11th
Canadians are reaping the benefits of their rewards cards in large numbers, according to a recent survey by RateSupermarket.ca. Currently, there are over 74 million active credit card accounts in Canada, with the average Canadian owning two credit cards and 8 in 10 holding a rewards credit card.... More »
What is a Credit Union?
– ratesupermarket.ca
For most Canadians, financial institutions come in two forms: a bricks-and-mortar bank, or the online version of the same thing. But for many, particularly in Quebec and western Canada, there’s an alternative option: credit unions.
Origin of the Credit Union
At the beginning of the 20th century, Canada’s banks were mostly focused on corporate clients and wealthy investors. Recognizing a need for lending services for people of more limited means, Alphonse Desjardins picked up on a growing trend in Europe and launched his first “caisses populaires” in Levis, Que., in 1900. That first North American credit union lives on as the Desjardins Group and, today, there are more than 700 different credit unions in Canada, including Vancity, Meridian Credit Union, and Affinity Credit Union.
Traditionally, credit unions served a specific employment sector, such as autoworkers or police officers, or were based around the needs of a particular an ethnic group, offering their clients services in their native tongue…
What is a Credit Union?
– ratesupermarket.ca
For most Canadians, financial institutions come in two forms: a bricks-and-mortar bank, or the online version of the same thing. But for many, particularly in Quebec and western Canada, there’s an alternative option: credit unions.
Origin of the Credit Union
At the beginning of the 20th century, Canada’s banks were mostly focused on corporate clients and wealthy investors. Recognizing a need for lending services for people of more limited means, Alphonse Desjardins picked up on a growing trend in Europe and launched his first “caisses populaires” in Levis, Que., in 1900. That first North American credit union lives on as the Desjardins Group and, today, there are more than 700 different credit unions in Canada, including Vancity, Meridian Credit Union, and Affinity Credit Union.
Traditionally, credit unions served a specific employment sector, such as autoworkers or police officers, or were based around the needs of a particular an ethnic group, offering their clients services in their native tongue…
