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?
Latest News
Canadians not taking full Advantage of Online and Mobile Banking Technology + MORE Aug 3rd
Canada is one of the most e-connected nations on the planet, so it should come as no surprise that online and mobile banking are growing in popularity. According to a recent Scotiabank poll, 85 per cent of us use our smartphones, tablets or personal computers to access our bank, mostly for simple t.... More »
Generational shift brings competition to Canada’s banks Dec 21st
Canadians who watched the World Series this year might have caught a second high-stakes clash going on between plays. RBC, the country’s most valuable bank, ran ads that had actor Will Arnett touting trust and real people over fads, while scrappy EQ Bank and crypto giant Coinbase Inc. had spo.... More »
Churning Credit Cards: The Pros and Cons + MORE Oct 4th
Churning credit cards is a sport of sorts among rewards collectors, allowing some to redeem points to claim hotels and flights for next to nothing. Sounds pretty appealing – but what exactly is churning?
Churning is when you apply for multiple credit cards just to get the big signup bonuses bein.... More »
Royal Bank, TD and CIBC hike mortgage rates Jan 13th
Three of Canada's biggest banks have hiked the rate on their benchmark five-year mortgage, and more are expected to follow suit..... More »
How does interest work in a savings account? Sep 10th
Do you know how interest rates work when it comes to your bank account? If not, you’re not alone. Nearly four in 10 Canadians surveyed don’t fully understand it, according to research by Angus Reid on behalf of PC Financial.
When you hold money in a savings account, interest is money you rece.... More »
The Best Canadian Credit Cards of 2015
– ratesupermarket.ca
RateSupermarket.ca’s Annual Credit Card Ranking Gets Straight to the Point
What offers the best value: a mile, a point, or cash back? Are annual fees worth it? How can a promotional interest rate help pay off a lingering balance?
These are some of the most common questions posed by Canadian credit card shoppers – but when it comes to choosing a card, it’s not always clear which are top performers.
RateSupermarket.ca, Canada’s comprehensive financial rates comparison site, has taken the guesswork out of picking your plastic with the 2015 Best of Finance Awards, a ranking of the hardest-working credit cards and banking products in Canada.
“It can be tricky to assess whether a credit card will help or harm your bottom line over the long run,” says Penelope Graham, Editor at RateSupermarket.ca. “Plush signup bonuses and promised freebies may appear to provide great value, but it’s important to choose a card with features that practically fit your personal spending habits…
Premarket: Global stocks slip as earnings, China weakness weigh
– theglobeandmail.com
China’s biggest loss in over a month; Japan recession fears rise; European banks’ earnings drag
