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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The best 5-year variable mortgage rates in Canada + MORE May 1st
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The best 5-year variable mortgage rates in Canada
You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote.
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The best high-interest savings accounts in Canada for 2025 + MORE Mar 25th
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.
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4 Low Risk Alternatives to Chequing Accounts + MORE Jan 27th
Investments like stocks, mutual funds, or cryptocurrencies carry some level of risk which you might shy away from for a variety of reasons. Whether you’re saving for college, getting ready to buy a house, or nearing retirement, if you’re looking for safer investment options, here are some o.... More »
What Is a Credit Bureau? Important Information for Canadian Consumers Apr 29th
Whether we realize it or not, credit bureaus have a significant impact on our financial lives. The information they provide to lenders can determine mortgage rates, lending amounts, and credit card approvals. But what exactly is a credit bureau, and what can you do with their information?
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Scotiabank Scrambles to Fix Credit Card Statement Errors + MORE Nov 7th
On October 20, 2019, Scotiabank identified a technical error where legitimate charges on certain customers’ credit card statements were mislabeled as “BNS Scotia Life Insurance.” The mistaken charges all took place between October 18 and 20. Many customers were angry and took to.... More »
RBC and Scotiabank Credit Downgrades: What You Should Know
– ratesupermarket.ca
Canada’s banks were praised during the global financial crisis for being rock-solid – but times seem to have changed, as two of the nation’s biggest lenders, RBC and Scotiabank, recently took hits to their credit ratings.
Why have these lenders been downgraded? Should banking consumers be concerned? Here’s a breakdown of the factors behind the credit cut.
Also read: Moody’s Downgrades 6 Canadian Banks For Exposure to Consumer Debt>
RBC – Biting Off More Than It Can Chew?
Fitch Ratings, an international ratings agency that ranks the credit profile of companies, lenders and countries, revised its outlook downward from stable to negative for RBC – significant as the bank is the second largest of Canada’s financial institutions.
The ratings agency said it’s more pessimistic toward RBC as “future earnings volatility may be higher than Canadian bank peer averages as well as in comparison to similarly rated global financial institutions.”
In plain language, Fitch is concerned over RBC’s acquisition of City National Bank, a U…
RBC and Scotiabank Credit Downgrades: What You Should Know
– ratesupermarket.ca
Canada’s banks were praised during the global financial crisis for being rock-solid – but times seem to have changed, as two of the nation’s biggest lenders, RBC and Scotiabank, recently took hits to their credit ratings.
Why have these lenders been downgraded? Should banking consumers be concerned? Here’s a breakdown of the factors behind the credit cut.
Also read: Moody’s Downgrades 6 Canadian Banks For Exposure to Consumer Debt>
RBC – Biting Off More Than It Can Chew?
Fitch Ratings, an international ratings agency that ranks the credit profile of companies, lenders and countries, revised its outlook downward from stable to negative for RBC – significant as the bank is the second largest of Canada’s financial institutions.
The ratings agency said it’s more pessimistic toward RBC as “future earnings volatility may be higher than Canadian bank peer averages as well as in comparison to similarly rated global financial institutions.”
In plain language, Fitch is concerned over RBC’s acquisition of City National Bank, a U…
