There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Latest News
Rolling in the Debt: Canada sees a rise in Household Debt + MORE Mar 22nd
While the value of Canadian homes has decreased for the first time many years, the same cannot be said for Canadian debt levels. This past week, Statistics Canada released its National balance sheet and financial flow accounts looking at the last quarter of 2018, and it shows that the amount Canadi.... More »
“How can I lower my auto insurance bill during COVID-19 lockdown?” + MORE May 2nd
On April 8, 2020, the Insurance Bureau of Canada released the following statement:
To help Canadians cope with the financial impact of COVID-19, the Insurance Bureau of Canada (IBC) member companies are offering substantial consumer relief measures. For consumers whose driving habits have changed si.... More »
Minor Tweaks Won't Solve The Payday Loan Crisis + MORE Feb 22nd
The Ontario government is holding hearings on Bill 59 - Putting Consumers First Act, legislation that includes proposed changes to the Payday Loans Act.
The proposed changes are relatively minor (such as a prohibition on making a new loan until seven days have passed since the borrower repaid thei.... More »
India seeks tycoon’s extradition, says UK nixes deportation + MORE May 11th
NEW DELHI – India says it will ask Britain to extradite business tycoon Vijay Mallya to face charges of money laundering and bank demands that he pay back more than a billion dollars in loans extended to his now-defunct airline.
Finance Minister Arun Jaitley says the UK will not simply deport .... More »
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more + MORE Feb 27th
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
Rake In The Savings!
– ratesupermarket.ca
In the blink of an eye, October has arrived – and with it, the start of holiday spending season. But before shelling out for a turkey and prepping for winter presents, why not take the time to get set up for savings?
Today’s mega low interest rates may take a bite out of the most diligent saver’s returns, but some banks have amped up their accounts. Read on for our tips!
INFOGRAPHIC: 3 Easy Steps to Save Over $100,000 on Your Mortgage
Your mortgage is likely the largest financial commitment you’ll ever make… but that doesn’t mean you have to pay more than you need to. By making a few tweaks to your payment schedule, you can effectively shave thousands off your total mortgage costs.
Want to know how? Check out our infographic!
Read Penelope’s Blog | 3 Easy Steps to Save Over $100,000 on Your Mortgage
Credit Card Review: SimplyCash Card from American Express
American Express has introduced a competitive new player to the cash back rewards market with their SimplyCash Card…
Prep Your Savings for Higher Interest Rates
– ratesupermarket.ca
Borrowing interest rates have been historically cheap for a few years now (since the Bank of Canada slashed the central rate back in post-recession 2010). And as soon as they dropped, a variety of pundits began predicting the calamity that will ensue for borrowers once they begin to inevitably rise. While none of these predictions have yet to come true, the further we recover from the 2007 global financial crisis, the sooner rates will rise.
A recent flurry of positive economic development in the U.S. has breathed new life into the speculation; QE there will end this month, and new rate projections have been released that have raised economists’ eyebrows. The median projection for U.S. rates for the end of 2014 is an increase of 1.375 per cent, and up to 2.875 per cent by the end of 2016 – a big jump from the current 0.25 per cent. And, since the Bank of Canada generally follows the lead of our American neighbours, we too could be in for some higher borrowing costs sooner than anticipated…
