Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
How does interest work in a savings account? Sep 10th
Do you know how interest rates work when it comes to your bank account? If not, you’re not alone. Nearly four in 10 Canadians surveyed don’t fully understand it, according to research by Angus Reid on behalf of PC Financial.
When you hold money in a savings account, interest is money you rece.... More »
Now’s not the time to switch to a fixed-rate mortgage Apr 18th
The Bank of Canada’s April 13 interest rate hike of 0.5%—the biggest one-time rate jump in decades—caught many variable-rate mortgage holders off guard. Some are likely thinking about running to their local bank branch or mortgage specialist to lock into a standard five-year fixed rate. Those .... More »
At the open: TSX rises as banks, energy lead gains + MORE May 16th
S&P, Nasdaq start at record intraday highs
.... More »
Is now the time for retirees to sell stocks and buy GICs? Aug 2nd
Ask MoneySense
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
.... More »
What to Do After Your Identity is Stolen? + MORE Apr 15th
Identity theft is a global crime where your personal or financial information is stolen to commit fraud in your name. It leads to severe financial and legal struggles. Identity thieves look for any of the following information:
Full name
Social insurance number (SIN)
Driver’s license number
Home.... More »
3 Ways To Pay Less At The Grocery Store
– ratesupermarket.ca
Is there a summer tradition more beloved than the “Great Canadian Barbecue”? After all, we only have a scant three to four months to enjoy our outdoor culinary pursuits. However, backyard chefs across the nation will find they’re paying more for their burgers, chops and steaks this year.
Meat prices have skyrocketed in Canada over the past 12 months, with retail prices shooting up 12 per cent for ground beef and steaks, and up to 16 per cent for pork chops, according to Stats Canada. Declining beef supply and a rampant virus affecting pigs are to blame for the price increases, which have far outstripped the lagging rate of inflation.
What can Canadian families do to counter these rising costs? Check out our top tips for saving at the grocery store:
Meat prices have skyrocketed in Canada over the past 12 months, with retail prices shooting up 12 per cent for ground beef and steaks, and up to 16 per cent for pork chops, according to Stats Canada. Declining beef supply and a rampant virus affecting pigs are to blame for the price increases, which have far outstripped the lagging rate of inflation.
What can Canadian families do to counter these rising costs? Check out our top tips for saving at the grocery store:
Tip 1: Get a Big Point Payoff at the Checkout
One of the quickest ways to gain extra value is with some savvy credit card use. A cash back option that earns rewards on daily purchases such as gas and groceries offers the greatest flexibility; why not score extra cash on the purchases you’re making anyway?
Our pick: The MBNA Smart Cash MasterCard® Credit Card has up to 5% cash back on all of your eligible gas and grocery purchases for the first 6 months‡ (it earns up to 2% after this initial period on eligible purchases, and 1% on everything else)…
