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.
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What Should You Do With Your Tax Return? Apr 26th
Getting a bit of extra money is always a bonus, and it turns out the average tax return in Canada is around $1,600. In 2019 so far, the CRA reports the average tax return at $1,614. So if you get a refund, what should you do with it?
If you decide to invest it, what’s the best vehicle? A .... More »
Look outside the Big Banks box for best savings rates Nov 14th
Small financial institutions, ETFs and investment savings accounts offer the best interest rates around.... More »
Will GIC rates keep going up in 2024? Dec 23rd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Aug 6th
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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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Banks turn to face and heartbeat recognition to boost security + MORE Jul 23rd
Royal Bank is testing technologies like iris scanning, speech recognition and fingerprint scans, while TD piloted a wristband that identifies its wearer by the electrical activity of their heart. Welcome to the bold new future of biometrics..... More »
The Best Things to Buy In December
– ratesupermarket.ca
December is that time of year when mall parking lots get crowded and you spend hours frantically looking for the perfect gift. But luckily, it’s also a time of great deals on a wide spectrum of products. Retailers are competing over consumers’ holiday dollars and they’re offering sales on items that are in high demand in order to get you in the store.
While there will be some great deals mid-month, the best deals will likely come on Boxing Day and the week after Christmas. Here are the things you should be buying this month.
Also read: The Best Credit Cards to Use on Spending Holidays>
Toys
Not surprisingly, December is the best time of the year to buy toys. Every retailer will be offering great deals on popular products to get you in the door. Take advantage of this by shopping around. You might be able to save big if you go to a few different locations and buy the heavily discounted toys that each store is advertising. Expect big discounts on Christmas themed toys after the holidays…
What are negative interest rates and how do they work?
– theglobeandmail.com
An explainer on what negative interest rates would mean for the economy, banks and consumers
