Learn more about Canada’s top banks rates, rules and the latest news – read on!
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What to consider if you still have RRSP contribution room Jan 25th
Registered retirement savings plans (RRSPs) have been around since 1957, and each February is commonly referred to as “RRSP season.” The banks and financial media used to make a bigger deal about RRSPs in the new year, but ever since Tax-Free Savings Accounts (TFSAs) were introduced in 2009, RRS.... More »
Police believe they know where to find bodies of 3 missing hikers at Shannon Falls - CBC.ca + MORE Jul 4th
CBC.caPolice believe they know where to find bodies of 3 missing hikers at Shannon FallsCBC.caThe search for three missing hikers at Shannon Falls, near Squamish, B.C., is now a recovery effort, according to RCMP. Police released few details on Wednesday morning, but Cpl. Sascha Banks confirmed sear.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks Apr 4th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
CIBC’s exposure to mortgage market raises concerns + MORE Dec 2nd
TORONTO – CIBC’s exposure to the residential mortgage market has increased, raising concerns among some analysts who say it comes at a time when Canada’s real estate market is at risk of a correction.
But the bank said its loan delinquencies remain low and stable, including in the hot housing .... More »
Will Canadian HISA ETFs survive the new rule change? Dec 5th
The growth of high-interest savings account (HISA) exchange-traded funds (ETFs) is the story of Canada’s ETF industry in 2023. Money market funds, including HISA ETFs, hoovered up $9.7 billion of investors’ money in the first 10 months of the year, representing 29.1% of the net inflow into Canad.... More »
Transferring money? Get ready to wait…
– moneysense.ca
These days, a lot of Canadians are moving their investments out of big banks to discount brokerages or low-fee investment companies. Just be prepared wait an average of 19 days for your money to be transferred, during which time those funds are out of the market and out of your control. That’s the major finding from new proprietary data compiled by online investment service Wealthsimple. They found that the fastest transfer by any financial institution was five days, with the slowest one taking more than two months. “Interestingly, Canadian financial institutions have the technology required to transfer funds out of a client’s account in a timely matter, but they end up dragging their heels,” says Wealthsimple’s Dave Nugent. “It’s a frustrating experience for investors.” While Scotiabank charges the highest fees in the market ($150), they also have the best average transfer time of seven days. RBC, TD and CIBC, meanwhile, average transfer times of 20 days or more.
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4 Myths Busted: Are Contactless Debit Payments Safe?
– ratesupermarket.ca
By: Barry Choi
Contactless payment options are appearing everywhere, but many of us are still hesitant to tap. Despite the availability of this technology from the country’s credit providers and banks, consumers aren’t entirely convinced that it’s a secure form of payment. After all, the whole idea of our personal information being transmitted through the air is a scary thought. It’s time to find out the truth about how safe contactless debit payments really are.
Breaking the Myths of Contactless Debit Payments
Myth #1: Criminals can electronically steal – “electronic pick-pocket” – my personal financial information from my wallet or purse.
Not with Interac Flash, the provider of tap debit payments in Canada. Instead of using the card’s magnetic strip, Interac now uses chip-based technology. This not only protects you from electronic pickpocketing, but covers you from other types of fraud such as skimming, counterfeiting and duplicate transactions…
Canadian Banks Seen Benefiting from Renminbi Trading Hub
– blogs.wsj.com
Canada’s banks are expected to cash in on a new trading hub that will make it easier for companies across North and South America to do business in China’s currency.
4 Myths Busted: Are Contactless Debit Payments Safe?
– ratesupermarket.ca
By: Barry Choi
Contactless payment options are appearing everywhere, but many of us are still hesitant to tap. Despite the availability of this technology from the country’s credit providers and banks, consumers aren’t entirely convinced that it’s a secure form of payment. After all, the whole idea of our personal information being transmitted through the air is a scary thought. It’s time to find out the truth about how safe contactless debit payments really are.
Breaking the Myths of Contactless Debit Payments
Myth #1: Criminals can electronically steal – “electronic pick-pocket” – my personal financial information from my wallet or purse.
Not with Interac Flash, the provider of tap debit payments in Canada. Instead of using the card’s magnetic strip, Interac now uses chip-based technology. This not only protects you from electronic pickpocketing, but covers you from other types of fraud such as skimming, counterfeiting and duplicate transactions…
