Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best GIC rates in Canada for 2025 + MORE Jul 22nd
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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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What You Need to Know About the Canadian Mortgage Stress Test Nov 5th
In late 2017, OSFI, the agency that supervises and regulates Canada’s banks, unveiled a new mortgage stress test, designed to protect Canadian borrowers from increasing debt burdens, and the prospect of rising interest rates. It also served to cool off a couple of Canada’s most expensive housing.... More »
New Year, New Rate Trends + MORE Jan 13th
RateSupermarket.ca’s expert mortgage panel calls for rate rise despite bond dive
There may be uncertain times ahead for mortgage borrowers, as banks and policy makers deviate from economic norms when pricing interest rates. Fixed-rate borrowers have already witnessed a slight pricing increase fro.... More »
How much are trading fees? Nov 25th
Individual stock trading has exploded during the pandemic with the rise of meme stocks, investing FOMO and free trading platforms. New investors poured money into stocks looking to make a quick buck, and in most cases the markets obliged.
Indeed, Canadian and U.S. stock returns have soared since .... More »
Draghi says ECB ready to restore credit to Greek banks if creditor agreement in sight Mar 23rd
FRANKFURT – European Central Bank head Mario Draghi says the bank is ready to restore support for Greece’s banks if talks between the Greek government and its creditors get back on track.
Draghi told EU lawmakers Monday that the parties should “restore the policy dialogue” so.... More »
Royal Bank of Canada, the country’s biggest lender, said on Tuesday it would cut its prime lending rate by 15 basis points, becoming the first of Canada’s big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut.
Banks Cut Prime to 2.85%: Housing Headlines
– ratesupermarket.ca
The stalemate between Canada’s banks and the standard set by the Bank of Canada has ended; the “Big 5” have finally responded to last week’s Overnight Lending Rate cut by lowering their Prime rates to 2.85 per cent, effective today.
Royal Bank of Canada was the first to announce they would implement the discount, releasing the news at 3:50 p.m. on Tuesday. By 6:21 p.m., all the other banks had followed suit – including TD, which famously stated early on that they would not be altering their prime rate in response to the announcement.
And it’s about time – while the banks in the past have followed the BoC’s lead within hours or minutes, it took a full week for them to pass the savings down to their variable borrowing customers (though it took less than 24 hours for RBC and TD to slash their savings rates). The banks’ slow start frustrated customers and drew criticism that they were failing to aid in the BoC’s efforts to stimulate the economy with lower rates…
Royal Bank of Canada was the first to announce they would implement the discount, releasing the news at 3:50 p.m. on Tuesday. By 6:21 p.m., all the other banks had followed suit – including TD, which famously stated early on that they would not be altering their prime rate in response to the announcement.
And it’s about time – while the banks in the past have followed the BoC’s lead within hours or minutes, it took a full week for them to pass the savings down to their variable borrowing customers (though it took less than 24 hours for RBC and TD to slash their savings rates). The banks’ slow start frustrated customers and drew criticism that they were failing to aid in the BoC’s efforts to stimulate the economy with lower rates…
Happy Wednesday; you’re halfway through! There is a lot going on today, from the U.S. Fed’s rate announcement (or lack thereof) to the release of Facebook’s fourth-quarter earnings. In Canada, the big stories are unspecified job cuts to Tim Hortons’ head office, the yuan overtaking the loonie as a global currency, and the banks’ prime-rate cuts, which aren’t keeping pace with the Bank of Canada’s own rate cut last week.
But first, today’s mind-blowing fact: Blowing past even the highest expectations, Apple announced yesterday that in the last three months alone, it sold 74.5 million iPhones. Think about that for a second: That’s kind of like if everyone in Canada, including grandmothers and toddlers, went out and bought two iPhones over Christmas, except for the population of B.C., where almost everyone bought three. How did they do it? One word: China. This makes Apple, for the first time, the top smartphone brand in the country…
CN Rail, Canada’s big banks and Cenovus are a few stocks we’re eyeing today
Banks Cut Prime to 2.85%: Housing Headlines
– ratesupermarket.ca
The stalemate between Canada’s banks and the standard set by the Bank of Canada has ended; the “Big 5” have finally responded to last week’s Overnight Lending Rate cut by lowering their Prime rates to 2.85 per cent, effective today.
Royal Bank of Canada was the first to announce they would implement the discount, releasing the news at 3:50 p.m. on Tuesday. By 6:21 p.m., all the other banks had followed suit – including TD, which famously stated early on that they would not be altering their prime rate in response to the announcement.
And it’s about time – while the banks in the past have followed the BoC’s lead within hours or minutes, it took a full week for them to pass the savings down to their variable borrowing customers (though it took less than 24 hours for RBC and TD to slash their savings rates). The banks’ slow start frustrated customers and drew criticism that they were failing to aid in the BoC’s efforts to stimulate the economy with lower rates…
Royal Bank of Canada was the first to announce they would implement the discount, releasing the news at 3:50 p.m. on Tuesday. By 6:21 p.m., all the other banks had followed suit – including TD, which famously stated early on that they would not be altering their prime rate in response to the announcement.
And it’s about time – while the banks in the past have followed the BoC’s lead within hours or minutes, it took a full week for them to pass the savings down to their variable borrowing customers (though it took less than 24 hours for RBC and TD to slash their savings rates). The banks’ slow start frustrated customers and drew criticism that they were failing to aid in the BoC’s efforts to stimulate the economy with lower rates…
