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
Why do we rely on UK to disclose Canada’s pay inequity? Apr 7th
We have recent British legislation to thank for providing a glimpse into the grim reality that Canadian banks operating across the pond have a big gendered wage gap. UK data, compiled this week by Bloomberg News, summons more evidence, as if more is required, that transparency, both legislatively an.... More »
The best Mastercard credit cards in Canada for 2024 + MORE Oct 18th
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Compare Mastercard credit cards available in Canada using our interactive tool below. You can filter cards based on rewards value, annual fees, income requirements and more.
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The best Mastercard credit cards in Canada
Mastercard is one of the .... More »
Switching to a better bank account Dec 16th
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles.
But what if you’re looking for a bank acc.... More »
Best online banks and credit unions in Canada for 2024 Mar 20th
Where can you get the best digital banking experience in Canada? We set out to find out in this inaugural review of the best online banks and credit unions in Canada. To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing in fin.... More »
Business Highlights + MORE Oct 24th
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Markets back in positive territory after summer swoon
NEW YORK (AP) — Maybe you shouldn’t have put your money under a mattress after all.
The stock market is back in the black for the year after a bruising late-August tumble that had investors worrying about their money in a way they had.... More »
If you’re trying to get a loan or a mortgage right now, a good credit score is essential. But in the near future, banks may look to your phone records or social media history to decide whether you’re a credit risk.
How Can Students Build Credit?
– ratesupermarket.ca
Frosh kicked off in early September and for many new college and university students, this was an exciting time. New school, new friends, and new debt are just some of the things to look forward to! Okay, so debt isn’t something anyone should look forward to, but it’s definitely on the minds of many students.
According to a new poll by CIBC, 48 per cent of students are worried about covering their tuition, living expenses, and paying down their debts. With 36 per cent saying they expect to graduate with more than $25,000 in debt, developing good money management skills early should be made a priority.
Also read: Beware Frosh Week Marketing Mania>
How Can Students Build Credit?
Building a good credit history early is always a good idea and the easiest way to do that is by signing up for a credit card. According to Cairine Wilson, vice-president of corporate citizenship at CPA Canada, it’s the small things like Netflix that can help students start building their credit history.
“It requires small recurring monthly payments and can be set it up to come out of your card account automatically” says Wilson…
Deep-value stocks on the verge of a turnaround?
– moneysense.ca
Many investors are getting reacquainted with that panicky feeling they felt back in 2008. One type of investor, though, may be welcoming the correction. Deep-value buyers—people who look for stocks that are trading at a large discount to what they appear to be really worth—have had a rough go over the past few years. The TWM Deep Value Index, which includes 20 undervalued dividend stocks, such as Xerox Corp. (NYSE: XRX) and Halliburton Co. (NYSE: HAL), has fallen 11.3% since September 2014. Many other stocks considered deep value, such as Staples Inc. (Nasdaq: SPLS) or Reitmans (Canada) Ltd. (TSX: RET), have dropped dramatically as well.
The underperformance is widely attributed to the efforts of central banks to inject liquidity into the markets since the recession. When markets rise across the board, value stocks tend to suffer, says Timothy Rankin, a portfolio manager with Franklin Templeton Investments. People look for companies that are keeping pace, not ones that are trying to turn themselves around…
The underperformance is widely attributed to the efforts of central banks to inject liquidity into the markets since the recession. When markets rise across the board, value stocks tend to suffer, says Timothy Rankin, a portfolio manager with Franklin Templeton Investments. People look for companies that are keeping pace, not ones that are trying to turn themselves around…
