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
RESP vs. RRSP and TFSA: What’s the best option for education savings? May 13th
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
The best travel credit cards in Canada for 2023 + MORE Oct 26th
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The best travel credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Why Goldman investors shouldn’t count on a return to the good old days + MORE Feb 8th
The U.S. President may take aim at Dodd-Frank, but it’s by no means clear that banks will benefit as much as some think
.... More »
Credit Card Rewards Redemptions Are Surging During COVID-19 + MORE Sep 2nd
The number of Canadians redeeming credit card points for everyday purchases is surging during the pandemic, according to a study by CIBC. Typically, Canadians would use their credit card points to travel this time of year. However, COVID-19 continues to restrict border crossings and flights, which .... More »
Is bitcoin a good investment? A guide for Canadian investors Jul 28th
The dramatic rise and spectacular fall of bitcoin prices over the past few months grabbed front-page headlines across the world and touched off a social-media frenzy. Understandably, the crash rattled the crypto sphere. However, dyed-in-the-wool bitcoin bulls are quick to point out the volatility is.... More »
Britain’s top 10 U.K. banks may pay $9.2-billion a year in tax: study
– theglobeandmail.com
The study conducted by accounting firm EY, said that a new surcharge on profits to be introduced by the British government will occur before an existing levy is phased out, which would hit some banks hard
MasterCard Selfies To Replace Passwords
– ratesupermarket.ca
Selfies are the new… passwords?
Maybe, according to MasterCard. The credit card company is currently experimenting with using personal features such as fingerprints and facial recognition to verify a cardholder’s identity. Known as biometric authentication, the technology could boost the security of online purchases.
If implemented, customers would need to download an app to access the technology. After paying, the user would be asked for a form of authorization — either a fingerprint (by simply touching the screen) or a facial scan (by staring at the phone and blinking once). MasterCard says no photo will be logged and that facial reconstruction won’t be possible.
Also read: Would You Use Heartbeat Banking?>
Passwords Are Passé
MasterCard currently offers its customers “SecureCode,” a private code that enhances security while online shopping. The code is unique to each customer and can only be seen by the cardholder and their financial institution. According to a CNN story, these codes were used in three billion online transactions in 2014…
