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
Amazon Launches Rewards MasterCard in Canada with Five Percent Cashback Jun 18th
Canadians who shop online now have the option to open an Amazon Rewards MasterCard. The new card is the product of a partnership between Amazon, MasterCard and TD Bank.
Mike Strauch, Country Manager for Amazon, announced in a public statement, “We are really excited to launch a new credit .... More »
PayPal is going after the big banks Apr 14th
Online payment firm PayPal will soon offer basic banking options to its customers — a move that could be a nightmare for traditional banks..... More »
Are Interchange Fees Holding Apple Pay Canada Back? + MORE Oct 30th
iPhone fans rejoice – Apple Pay is officially set to enter the Canadian market. The third-party payment app, which allows users to upload their credit cards and tap their phones to pay for purchases, will roll out sometime in the final months of 2015 for iPhone 6 and up. Unlike its widespread.... More »
Canada’s best Mastercard credit cards for 2022 Jun 7th
As one of the top credit card companies in the world, Mastercard is extremely popular and also widely accepted. For those already banking at BMO Bank of Montreal, a major Canadian bank that’s associated with Mastercard, these cards may offer all the perks you’re after, along with opportunities t.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 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.
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Business Highlights
– canadianbusiness.com
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Steady US job gains likely foretell a new era: Higher rates
WASHINGTON (AP) — A new era of higher rates on home and car loans, steeper borrowing costs for businesses and the government — maybe even a bit more return for savers — is about to arrive.
That, at least, is the word from most economists. After another solid U.S. jobs report Friday, they say the Federal Reserve seems all but sure to raise its short-term interest rate next month after keeping it pinned near zero for nearly seven years.
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Even with banks open, Greek firms paralyzed by restrictions
THESSALONIKI, Greece (AP) — Panagiotis Papadopoulos, the owner of a Greek company that builds and exports glass products like shower cabins, has been waiting three weeks to pay a supplier in Bulgaria.
It’s not that he doesn’t have the 45,000 euros ($49,000) or doesn’t want to pay. It’s that he first needs the approval of a committee run by the finance ministry in Athens.
Any business that wants to pay a foreign supplier needs this approval because the government is worried about money flowing out of the country due to its financial crisis…
Steady US job gains likely foretell a new era: Higher rates
WASHINGTON (AP) — A new era of higher rates on home and car loans, steeper borrowing costs for businesses and the government — maybe even a bit more return for savers — is about to arrive.
That, at least, is the word from most economists. After another solid U.S. jobs report Friday, they say the Federal Reserve seems all but sure to raise its short-term interest rate next month after keeping it pinned near zero for nearly seven years.
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Even with banks open, Greek firms paralyzed by restrictions
THESSALONIKI, Greece (AP) — Panagiotis Papadopoulos, the owner of a Greek company that builds and exports glass products like shower cabins, has been waiting three weeks to pay a supplier in Bulgaria.
It’s not that he doesn’t have the 45,000 euros ($49,000) or doesn’t want to pay. It’s that he first needs the approval of a committee run by the finance ministry in Athens.
Any business that wants to pay a foreign supplier needs this approval because the government is worried about money flowing out of the country due to its financial crisis…
