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.
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The best GIC rates in Canada for 2025 + MORE May 27th
GIC comparison tool
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The payoff Jul 10th
Randy Foster
AGE: 60
PLACE: Chatham, Ont.
TFSA TOTAL: $81,555
STRATEGY: Mostly banks and financials with some energy stocks
Me and my TFSA
Randy Foster is 60 and happily retired in Chatham, Ont. In fact, he retired at the young age of 49 on full pension after 30 years of working as a group l.... More »
Business Highlights + MORE Oct 24th
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Markets back in positive territory after summer swoon
NEW YORK (AP) — Maybe you shouldn’t have put your money under a mattress after all.
The stock market is back in the black for the year after a bruising late-August tumble that had investors worrying about their money in a way they had.... More »
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 GIC rates in Canada for 2026 + MORE Jan 30th
GIC comparison tool
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Bank CEOs say their Caribbean operations stand to benefit from cheaper oil
– canadianbusiness.com
TORONTO – A combination of lower oil prices and cost-cutting is poised to help improve the Caribbean operations of some of Canada’s biggest banks, a region where they have struggled for years.
While they brace for loan losses and lower revenues in Western Canada due the plunge in oil, the big banks say the Caribbean is set to benefit from the decline.
“They’re one of the biggest beneficiaries of cheaper oil, so there are some positives finally starting to creep in to the economic outlook of the region from that perspective,” Royal Bank of Canada chief executive David McKay said during a banking conference last week.
The Caribbean economy has been in a slump since the global financial crisis caused a slowdown in the region’s vital tourism industry. That has hurt the profits of several Canadian banks that have operations in the region.
The Royal Bank (TSX:RY) announced last year it is exiting its Caribbean wealth management business, after selling its Jamaican operations at a loss…
While they brace for loan losses and lower revenues in Western Canada due the plunge in oil, the big banks say the Caribbean is set to benefit from the decline.
“They’re one of the biggest beneficiaries of cheaper oil, so there are some positives finally starting to creep in to the economic outlook of the region from that perspective,” Royal Bank of Canada chief executive David McKay said during a banking conference last week.
The Caribbean economy has been in a slump since the global financial crisis caused a slowdown in the region’s vital tourism industry. That has hurt the profits of several Canadian banks that have operations in the region.
The Royal Bank (TSX:RY) announced last year it is exiting its Caribbean wealth management business, after selling its Jamaican operations at a loss…
