The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best GIC rates in Canada for 2026 Jun 1st
GIC comparison tool
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of January 2020 + MORE Jan 4th
The new year has just begun, which means there is plenty of time to plan for the months ahead. Will you jet off to a sunny location? Decide to save money? Work on paying off that post-holiday debt?
The right credit card can help you attain your goals. Whether it’s a cash back, low balance transfe.... More »
Can I have some more yield, please? Oct 2nd
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Income investors looking for satisfactory yields from bonds are feeling like the rich relatives of Oliver Twist these days. They just want a little more, please. They can get it–and u.... More »
How Long Does an e-Transfer Take? Nov 4th
Interac e-Transfer has revolutionized how Canadians move money to each other, reducing the number of cheques written by the millions. But how long do e-Transfers take, and is there a way to speed up the process?
In this article, I explain why some e-Transfers are almost instant, and others can take .... More »
‘Tis the Season to Spring Clean Your Wallet + MORE Apr 25th
The official start of the season may have been last month, but now we can confidently say that spring is finally in full swing. So as we start fresh and give into the annual “spring cleaning” tradition, why not give financial spring cleaning a try? Check out these tips to find areas in your l.... More »
Documents required to get the best mortgage rate
– moneysense.ca
(Getty Images/Catherine Lane)Buying a house or investment property? We often hear how important it is to get pre-approved for your mortgage amount: It helps us understand our maximum house-price, the down-payment required and the monthly payments we’ll need to make once we purchase the property. But the difference between the pre-approval and the approval process is so vastly different that many buyers are often left feeling stressed and anxious during the week or two that financing is being finalized.
To help you avoid this aggravation and anxiety, I’ve put together a little mortgage approval cheat sheet. This should help you understand what documents and paperwork you will need to actually get a mortgage—and reduce the stress during this period of the home buying process.
Mortgage pre-approval process
This isn’t actually a process—it’s more of a marketing tool. By setting up mortgage calculators, online instantaneous pre-approval applications, and advertising low mortgage rates banks and lenders are really trying to capture your mortgage business…
Greek banks reopen with cash withdrawal limits
– moneysense.ca
ATHENS, Greece – Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.
In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withdraw cash on Monday can withdraw 120 euros ($130) on Tuesday, and so on, up to 420 euros ($455) a week.
Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases. There are also restrictions on opening new accounts or activating dormant ones.
Travelling to Greece? Bring cash and cards »
In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withdraw cash on Monday can withdraw 120 euros ($130) on Tuesday, and so on, up to 420 euros ($455) a week.
Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases. There are also restrictions on opening new accounts or activating dormant ones.
Travelling to Greece? Bring cash and cards »
The decree also pushes back by a month, to August 26, the deadline for filing income tax returns.
The degree came on the same day as Greece’s coalition government swore in its new, reshuffled cabinet. Five prominent dissidents from the radical left Syriza party, the senior coalition party, were replaced…
Banks reopen in Greece
– canoe.ca
Greece reopened its banks and started the process of paying off billions of euros owed to international creditors on Monday in the first signs of a return to normal after a deal to agree a new package of bailout reforms.
Greek banks opened their doors Monday for the first time in over three weeks, a move that the government hopes will help the economy get back to normal following a period dominated by fears over the country’s future in the euro.
