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
Making sense of the markets this week: March 5, 2023 Mar 3rd
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Canadian banks take rising costs and recovery dividend in stride
There is no shortage of headwinds for Canadian banks at the moment.... More »
Life after The Beast begins in Fort Mac, and Apple Pay makes peace with Canada's banks: BUSINESS WEEK WRAP + MORE May 14th
From the slow return to normalcy in the fire-ravaged area around Fort McMurray, to a landmark deal between Apple and Canada's big banks, it was an eventful week in business. The CBC's Jacqueline Hansen gets you caught up on the week that was in her weekly video recap..... More »
On the trail of Forrest Fenn’s hidden treasure Oct 21st
The Chama river in Northern New Mexico has been a hotspot for treasure seekers looking for Fenn’s Gold due to both its proximity to Fenn’s home in Santa Fe, and references to water and canyons in his poem. (Photograph by Josh Biggs)
There is smoke in the valley at daybreak, and the smell.... More »
At the open: TSX turns negative as energy, banks drive weakness Sep 15th
Dow at record; stocks unmoved by tepid economic data
.... More »
The best GIC rates in Canada for 2026 May 25th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The Best Things to Buy in April
– ratesupermarket.ca
April might be rainy in most places across the country but the warming temperatures are likely a welcome improvement. Get outside this month and enjoy the sun when it’s out, but make sure to take advantage of all the great deals that April has to offer as well.
April is a great month to save money to find a lot of great deals.
Book Cruises and Trips to Europe
Spring heralds rain and mediocre weather in a number of different popular destinations. Temperatures are also often colder. That means that fewer people are travelling to those locations. Since many people travelled in March to take advantage of March Break, the travel industry sees fewer bookings. For this reason, look for deals on travel. The best deals can be found on spring and summer cruises and trips to Europe.
Related read: INFOGRAPHIC – How to Fly for Free with Credit Card Rewards>
Lace Up Your Running Shoes
With the weather improving across the country, more people will start lacing up their running shoes and running outside again in April…
TORONTO – The Royal Bank of Canada says it operates within the law and has policies to prevent tax evasion after reports said it used the Panamanian law firm whose leaked documents are said to reveal the use of offshore tax havens.
The International Consortium of Investigative Journalists worked with hundreds of journalists to analyze 11.5 million records from the law firm Mossack Fonseca.
The records reportedly show major banks helped clients create companies in offshore havens like Panama.
Mossack Fonseca has confirmed the authenticity of the records that hackers obtained.
The firm denies any wrongdoing and says most of the individuals named in the leaked documents were not its direct clients but accounts set up by intermediaries.
The CBC and the Toronto Star, two of the media outlets that the consortium collaborated with, reported that the Royal Bank of Canada and its subsidiaries set up about 370 of these types of corporations.
“RBC works within the legal and regulatory framework of every country in which we operate,” the Royal Bank said in a statement…
The International Consortium of Investigative Journalists worked with hundreds of journalists to analyze 11.5 million records from the law firm Mossack Fonseca.
The records reportedly show major banks helped clients create companies in offshore havens like Panama.
Mossack Fonseca has confirmed the authenticity of the records that hackers obtained.
The firm denies any wrongdoing and says most of the individuals named in the leaked documents were not its direct clients but accounts set up by intermediaries.
The CBC and the Toronto Star, two of the media outlets that the consortium collaborated with, reported that the Royal Bank of Canada and its subsidiaries set up about 370 of these types of corporations.
“RBC works within the legal and regulatory framework of every country in which we operate,” the Royal Bank said in a statement…
