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
Making sense of the markets this week: September 6, 2021 Sep 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The rich get richer as rates go lower
We know that lower rates set by central banks help to stimulate economic growth by providing cheap money. On the flipsi.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Sep 10th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Cautious optimism for federal plan to let rent count toward credit scores + MORE Apr 1st
The federal government’s commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns.
The plan to make the practice more widespread is encouraging, said Andrew Graham, chief executiv.... More »
Making sense of the markets this week: November 27, 2022 Nov 26th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
Bank Websites: What Canadians Want – Pt. 2 + MORE Jun 25th
By Derek Nicholson
What makes a great bank website or mobile app? With more than three quarters of Canadians now using online banking, it’s become the norm rather than a trend – and it’s important to see how our banks are keeping up. To examine how customer satisfaction is attribu.... More »
Top Tips For Boxing Day
– ratesupermarket.ca
Millions of Canadian consumers will brave the winter cold yet again this year for the allure of bargain prices; Boxing Day is the one last opportunity for retailers to rack up holidays sales before the New Year. Boxing Day in Canada is like the original Black Friday – retailers are looking to make a windfall off last minute consumer purchases. With the household debt-to-income ratio hitting a new record in the last quarter of 2014, holiday spending is sure to set a new benchmark this year – good news for stores, not so much for your credit card balance.
Canadians Can’t Get Enough of Boxing Day
Boxing Day is one of the most popular shopping days in Canada. Almost two-thirds of Canadians said they were planning to take advantage of Boxing Day sales, according to a released by BMO in 2012. Surprisingly, Boxing Day is a bigger hit with men than women – 66 per cent of men plan to partake, while only 58 per cent of women will hit the malls. Boxing Day is most popular in Alberta, where 76 per cent said they expected to shop, while only 36 per cent of shoppers in Quebec will go shopping…
Canadians Can’t Get Enough of Boxing Day
Boxing Day is one of the most popular shopping days in Canada. Almost two-thirds of Canadians said they were planning to take advantage of Boxing Day sales, according to a released by BMO in 2012. Surprisingly, Boxing Day is a bigger hit with men than women – 66 per cent of men plan to partake, while only 58 per cent of women will hit the malls. Boxing Day is most popular in Alberta, where 76 per cent said they expected to shop, while only 36 per cent of shoppers in Quebec will go shopping…
Russia’s central bank offers banks and companies to refinance their debts to shore up ruble
– canadianbusiness.com
MOSCOW – Russia’s central bank has made another move to shore up the ruble, offering hard currency loans to help companies and banks service their debts.
The bank said Wednesday it would accept foreign currency debt obligations as collateral against the loans. The hope is that it will provide relief to those who can’t tap foreign capital markets to refinance loans because of Western sanctions.
The move is the latest in a series of efforts by the Central Bank to ease the selling pressure on the ruble, which has been one of the world’s worst-performing currencies this year as a result of the fall in oil prices and the sanctions imposed on Russia for its involvement in the crisis in Ukraine.
Other measures taken include an increase in the Central Bank’s main interest rate to a whopping 17 per cent in the hope that it makes holding rubles more attractive for traders.
And in a bid to boost hard currency offering at the markets, the government has encouraged major companies to sell more hard currency…
The bank said Wednesday it would accept foreign currency debt obligations as collateral against the loans. The hope is that it will provide relief to those who can’t tap foreign capital markets to refinance loans because of Western sanctions.
The move is the latest in a series of efforts by the Central Bank to ease the selling pressure on the ruble, which has been one of the world’s worst-performing currencies this year as a result of the fall in oil prices and the sanctions imposed on Russia for its involvement in the crisis in Ukraine.
Other measures taken include an increase in the Central Bank’s main interest rate to a whopping 17 per cent in the hope that it makes holding rubles more attractive for traders.
And in a bid to boost hard currency offering at the markets, the government has encouraged major companies to sell more hard currency…
