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 high-interest savings accounts in Canada for 2024 + MORE Jul 18th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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A New Season for Savings + MORE Apr 8th
Have you given your wallet its spring cleaning? With plenty of deals – and new rewards – available this month, it’s a great time to swap out stale finance products for higher earning options. Get started with our review of an exciting new cash back credit card option, and check out wh.... More »
The best GIC rates in Canada for 2025 + MORE Dec 16th
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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 »
The best GIC rates in Canada for 2025 + MORE Dec 2nd
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Warren Buffett Acquires $400 Million of Home Capital Shares + MORE Jun 29th
Warren Buffett, famed American investor and business guru, is coming to the rescue of Home Capital Group Inc., the Canadian alternative mortgage lender that has been in the news for months. Berkshire Hathaway, a subsidiary of Buffett’s company, has indicated it will buy $400 million worth of .... More »
Why some people in Quebec are cutting up their cash
– moneysense.ca
Martin Zibeau has about $100 worth of Canadian money in his wallet, except all of the bills have been cut in two. He can’t use any of the half-sized tender at big-box stores, nor can he deposit them in his bank account. And that’s exactly the point.
On the Gaspé Peninsula in eastern Quebec, a group of locals and small-business owners have begun to accept an alternative currency—one where $5, $10, $20, $50, even $100 bills, get cut in two, ostensibly reducing their value by half—as a means to promote the local economy.
Confused yet?
Here’s how it works, or, at least, how locals argue it’s supposed to: When someone buys clothes at a Wal-Mart, Zibeau explains, there’s no telling how much of that money will be reinvested in the community. But with stores and locals accepting the cut-up bills, a currency they’ve dubbed the “demi”—French for half—that money can only be spent locally. And because banks don’t accept half a $20 bill, the money would be reinvested right away and not pile up at home (perhaps out of fear that storeowners might just stop accepting the half-bills)…
On the Gaspé Peninsula in eastern Quebec, a group of locals and small-business owners have begun to accept an alternative currency—one where $5, $10, $20, $50, even $100 bills, get cut in two, ostensibly reducing their value by half—as a means to promote the local economy.
Confused yet?
Here’s how it works, or, at least, how locals argue it’s supposed to: When someone buys clothes at a Wal-Mart, Zibeau explains, there’s no telling how much of that money will be reinvested in the community. But with stores and locals accepting the cut-up bills, a currency they’ve dubbed the “demi”—French for half—that money can only be spent locally. And because banks don’t accept half a $20 bill, the money would be reinvested right away and not pile up at home (perhaps out of fear that storeowners might just stop accepting the half-bills)…
Back-to-School Spending Struggles
– ratesupermarket.ca
We’ve all heard the tongue-in-cheek jingle: back-to-school is the “most wonderful time of the year”. But for many Canadian families, it’s a spending season that rivals Christmas. This year, rising consumer prices and a freshly-minted recession could send many scrambling for credit, just to get back to the classroom – a challenge facing parents and post-secondary students alike.
Read on for the full story.
Are Canadian Students in Debt Denial?
Are students plunging themselves into debt danger? Several reports out this week show credit card use is a growing concern among this age group. But is it the real story? We polled 820 student-aged millennials on their debt perspectives – their answers may surprise you!
Read Penelope’s Blog | Are Canadian Students in Debt Denial?
A Recession Election: What Fed Leaders Are Promising
The numbers are in – Canada is officially experiencing a recession. And, with a federal election in October, it’s the main focus for Canada’s political leaders…
