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
Best of Finance Winners: The Best Credit Cards and Banking Products of 2017 + MORE Oct 24th
Before choosing a particular credit card or bank account or investment account, you likely do your research to find out which one will give you the best return based on your lifestyle and budget. And with so many products on the market, we here at RateSupermarket.ca try to make that decision-making.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Feb 3rd
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
CIBC & TD Bank Q4 2018 Earnings Nov 30th
The Globe and Mail, Tim Kiladze, 29 November 2018
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce can thank a hot U.S. economy for higher profits. But the banks' sizable American operations aren’t expected to deliver as much growth in 2019 because of rising competition.
TD and CIBC,.... More »
Herbalife, Wells Fargo gain; Caesars Entertainment sinks Aug 29th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:
Herbalife Ltd., up $2.80 to $63.30
Billionaire investor Carl Icahn, the company’s largest shareholder, says he bought more shares in the supplements and weight-loss products company.
Wells Fargo & Co., up $.... More »
BOJ’s Kuroda warns low rates may sow seeds of new financial crisis Feb 16th
Bank of Japan Governor offers his strongest warning to date of the demerits of aggressive monetary easing pursued by major central banks
.... More »
Are Interchange Fees Holding Apple Pay Canada Back?
– ratesupermarket.ca
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 presence in the U.S., though, the Canadian app will only be compatible with American Express credit cards – for now.
The app will also be made available in Australia this year, and will come to Spain, Singapore and Hong Kong in 2016.
Why Only American Express?
Apple Pay in Canada has been hotly anticipated ever since its initial U.S. launch in September 2014 – but Apple dragged its heels on bringing it north of the border. Why the holdup? That contention exists between the tech giant and Canada’s big banks over fees has been a prevailing theory – and that Amex provided a red-tape-free option that allowed Apple to sidestep lenders for the initial launch.
In Canada, Visas and Mastercards aren’t provided to consumers by the credit card companies directly; they partner with banks, who issue the cards under their own product umbrellas…
Are Interchange Fees Holding Apple Pay Canada Back?
– ratesupermarket.ca
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 presence in the U.S., though, the Canadian app will only be compatible with American Express credit cards – for now.
The app will also be made available in Australia this year, and will come to Spain, Singapore and Hong Kong in 2016.
Why Only American Express?
Apple Pay in Canada has been hotly anticipated ever since its initial U.S. launch in September 2014 – but Apple dragged its heels on bringing it north of the border. Why the holdup? That contention exists between the tech giant and Canada’s big banks over fees has been a prevailing theory – and that Amex provided a red-tape-free option that allowed Apple to sidestep lenders for the initial launch.
In Canada, Visas and Mastercards aren’t provided to consumers by the credit card companies directly; they partner with banks, who issue the cards under their own product umbrellas…
