Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
The best high-interest savings accounts in Canada for 2025 + MORE Jul 7th
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.
Advertisement
Why trust us
MoneySense is an.... More »
The best GIC rates in Canada for 2024 Jul 25th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare highest rates
Why trust us
MoneySense is an award-winning.... More »
Consumer watchdog launches bank review in wake of CBC stories - CBC.ca + MORE Mar 15th
CBC.caConsumer watchdog launches bank review in wake of CBC storiesCBC.caCanada's top consumer watchdog says it is reviewing business practices at Canada's federally-regulated charter banks starting next month, following a CBC investigation that has uncovered reports of troubling sales pra.... More »
Trump rebuffs bipartisanship, banks on base to tame turmoil - CTV News + MORE Jun 10th
CTV NewsTrump rebuffs bipartisanship, banks on base to tame turmoilCTV NewsWASHINGTON -- U.S. President Donald Trump is banking on his loyal base of supporters to help him through the tangle of the Russia turmoil. Trump had his core backers in mind as he responded to former FBI Director James Comey&.... More »
The best banks in Canada Oct 17th
Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
An unexpectedly large job growth jump, and a cut to the unemployment rate.
Last month’s job numbers look surprisingly good – given reports of cuts and lay-offs have been coming hard and fast lately – with a 35,4000 boost for January, and a cut back down to a 6.6 per cent unemployment rate.
But here, as ever, the devil is in the details.
That consensus seems to be widespread among journalists and banks, after the month’s high growth presented an appetizing surprise. Elation over the report may be something of a question of quantity over quality: most of the gains were made due to part-time jobs, and self-employment.
Last month saw more than 47,000 new part-time jobs, while self-employment was up by 41,000.
Meanwhile, full-time jobs actually fell by almost 12,000, and payroll jobs by 5,700.
As David Parkinson at the Globe points out, jobs for people between 25 and 54 – the prime working years – actually lost almost 22,000 full time jobs, and men in this group lost 40,000…
