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.
Latest News
Citi, JPMorgan, other big banks to pay $1.9B in tentative deal to settle price-fixing case Sep 12th
NEW YORK, N.Y. – Twelve major banks have tentatively agreed to pay $1.87 billion to settle allegations that they colluded to fix prices and lock out competitors in the market for insurance-like products widely traded before the financial crisis, according to a lawyer for investors.
The deal, i.... More »
The best high-interest savings accounts in Canada for 2023 Jul 19th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The rates i.... More »
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union + MORE Jul 29th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
Canadians less confident in finances heading into 2016 + MORE Jan 5th
A majority of Canadians remain confident about their finances heading into 2016, but the percentage holding a positive view is down from a year ago, according to a new poll from one of the country’s big banks.
The CIBC (TSX:CM) poll found that more than two thirds of Canadians, or 69 per cent, fel.... More »
Can Santander take on Canada’s Big Six? Why the global bank may face hurdles + MORE Dec 18th
It’s not every day, or even every decade, that a big foreign bank decides to have a go at Canada’s retail banking market.
But Spain’s Banco Santander—which has already shown an ability to attract customers, with more than 168 million of them worldwide—is poised to be among the few that .... More »
Will a Canadian Recession Lead to More Rate Cuts?
– ratesupermarket.ca
Will the Bank of Canada cut interest rates this month? It’s increasingly likely, as Governor Stephen Poloz faces disappointing economic data and mounting evidence of a Canadian recession.
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
Will a Canadian Recession Lead to More Rate Cuts?
– ratesupermarket.ca
Will the Bank of Canada cut interest rates this month? It’s increasingly likely, as Governor Stephen Poloz faces disappointing economic data and mounting evidence of a Canadian recession.
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
