Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians - CBC.ca + MORE Nov 26th
With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians CBC.caA Canadian Mortgage Charter, the Home of the Week and more of this week's top real estate stories The Globe and MailThe looming threat of Canada's mortgage renewal crunch &.... More »
Airlines make it harder to earn free flights for loyalty Aug 17th
Airline loyalty programs are losing much of their allure even for frequent flyers, and the rules for navigating the system have changed.
Flying is no longer the best way to earn miles or points. The biggest bang for your buck comes from signing up for the right credit card.
And those come-ons from t.... More »
Watch: How to open a bank account Sep 23rd
Looking for a better interest rate? Want more accessible ATMs? Tired of paying fees for things like bank drafts? Whatever your reason, changing banks or opening a new bank account can take just a few clicks—if you’re prepared. Watch this two-minute video to see what documents you’ll need (even.... More »
New law proposed to shift bank failure risk from taxpayers Mar 23rd
Canada will introduce legislation to implement a "bail-in" regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors..... More »
Canada’s Best Discount Brokerages 2015
– moneysense.ca
(MixAll Studio/Getty Images)If you’ve ever assembled a piece of furniture you’ve probably used one of those all-in-one screwdrivers. You know, the kind that comes with a dozen different bits to fit every kind of screw, bolt and fastener. Sure, this little tool seems convenient, and it will get the job done eventually, but it won’t be the best tool for every job. Chances are you’d be better off with a dedicated screwdriver for your specific fastener in some cases.
For many Canadians, their bank is that all-in-one tool: the place where they not only have a chequing account and maybe a mortgage, but also where they hold their investments. No wonder the Big Five banks also dominate the online brokerage space in Canada.
Like the multi-purpose screwdriver, your bank’s brokerage might be your default choice because it’s convenient, but we think it’s worth the effort to search for a brokerage that’s suited to your specific needs. The ideal fit depends on a number of factors, such as the size of your account, how often you trade, and the types of investments you tend to buy…
