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 GIC rates in Canada for 2024 May 18th
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
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Gibson Energy banks on Canadian oil patch growth Jul 30th
Significant investments in new facilities signal corporate executives see better times coming
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As Trump unravels Dodd-Frank, Canadian banks bullish on U.S. + MORE Feb 4th
Trump administration also calls for a review of Department of Labour’s Obama-era fiduciary rule
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At midday: TSX rises as banks jump Sep 21st
Wall Street slips from record levels as Apple, Fed view weigh
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How Do Travel Rewards Work on a Credit Card? Jan 11th
So, you want to take a dream vacation. Is it worth it to rack up charges on your travel rewards credit card? This can be an excellent way for you to save money, but only if you can maintain a reasonable level of spending and pay off your debt in full each month. If you stay on top of your spending .... More »
National Bank, BMO keep calm outlook on energy sector loans
– theglobeandmail.com
Analysts press big banks over optimistic outlook in first-quarter reports
New Interac TSP to Improve Tap Payment Security
– ratesupermarket.ca
For the last couple of years now the mobile wallet has been a hot topic in the financial services industry. Canadians have been intrigued by the idea of making payments with their mobile devices, but we’ve been slow to adopt this new technology.
To be fair, the technology still isn’t widespread, but the recently announced Interac Token Service Provider (TSP) will improve compatibility since financial institutions, merchants and Interac partners will be able to build a secure digital payment experience. This means that more Canadians will be able to make Interac purchases by tapping their smartphones.
Also read: 4 Myths Busted – Are Contactless Debit Payments Safe?>
How Will Interac TSP Help Canadians?
Despite the rise in credit card use, Interac still remains the most used payment brand with over 5 billion processed transactions made by Canadians last year. As technology changes, companies are looking to improve the customer service experience.
“The Interac TSP sets the foundation for digital debit payments in Canada ensuring consumers will continue to have the choice of paying with Interac products on any mobile device or wallet that supports it…
