Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for 2024 May 27th
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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Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings - PGA TOUR + MORE Sep 1st
Points and payouts: Scottie Scheffler captures $25M, finishes No. 1 in FedExCup standings PGA TOURScottie Scheffler career earnings: FedEx Cup winner banks massive payout USA TODAYTOUR Championship, Round 4: How to watch, featured groups, live scores, tee times, TV times &.... More »
Advice for cash-strapped renters and landlords during COVID-19 May 16th
When the COVID-19 pandemic swept across North America in early 2020, it created a wave of income loss that impacted people from all walks of life. While some individuals have been hit harder than others, it’s difficult to find a group or industry that hasn’t been affected. A small segment of the.... More »
TransferWise Review: A Better Way to Conduct Foreign Exchange? Oct 11th
The high fees and bloated exchange rates incurred when sending and receiving foreign currency can be a bitter pill to swallow. This is especially true for anyone who has to send money abroad on a regular basis. Much of the problem lies in the exchange rates offered by banks, which are priced well ab.... More »
Making sense of the markets this week: January 22, 2023 Jan 20th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Are central banks smarter than we thought—or are they just lucky?
The world’s central banks faced plenty of critici.... More »
A New Season for Savings
– ratesupermarket.ca
Have you given your wallet its spring cleaning? With plenty of deals – and new rewards – available this month, it’s a great time to swap out stale finance products for higher earning options. Get started with our review of an exciting new cash back credit card option, and check out what our expert panel has to say about April’s sweet mortgage discounts.
Lenders Call a Truce on Spring Mortgage Rate Wars
April historically marks an uptick in mortgage price competition as brokers and banks march out their most attractive interest rates – but with today’s fixed and variable rates already at record lows, lenders are engaging in fewer price skirmishes. Is it a good time to get a mortgage? Read on for our expert panel’s take.
Read Penelope’s Blog | Lenders Call a Truce on Spring Mortgage Rate Wars
Free to Use, Free to Choose: Review of the Tangerine Money-Back Credit Card
There’s a new cash back contender in Canada’s credit card market, and it’s bringing a new level of choice to consumers…
Protect your portfolio from negative interest rates
– moneysense.ca
A few years ago, the notion of negative interest rates was a purely academic discussion. But after the Bank of Canada said in December that its overnight rate could fall below zero—and some European countries did indeed go negative—the prospect of seeing minus signs became real. Bad enough for savers—people in Denmark pay banks to hold their money, as if it were stored furniture—it could prove still worse for equity investors.
Typically, markets rise when rates fall. That’s what we’ve seen in most developed economies since 2009. Essentially, by lowering rates, central banks encourage investors to get out of fixed income and buy stocks, which will earn them a higher return. However, this has made certain safe income-generating sectors, like utilities and real-estate investment trusts (REITs), more expensive. As well, the rotation to equities has largely played itself out, says Craig Fehr, an investment strategist at Edward Jones.
Why Stephen Poloz is musing about sub-zero interest rates now »
Here’s the idea behind negative rates: Banks get charged a fee to store cash at the central bank…
Typically, markets rise when rates fall. That’s what we’ve seen in most developed economies since 2009. Essentially, by lowering rates, central banks encourage investors to get out of fixed income and buy stocks, which will earn them a higher return. However, this has made certain safe income-generating sectors, like utilities and real-estate investment trusts (REITs), more expensive. As well, the rotation to equities has largely played itself out, says Craig Fehr, an investment strategist at Edward Jones.
Why Stephen Poloz is musing about sub-zero interest rates now »
Here’s the idea behind negative rates: Banks get charged a fee to store cash at the central bank…
A New Season for Savings
– ratesupermarket.ca
Have you given your wallet its spring cleaning? With plenty of deals – and new rewards – available this month, it’s a great time to swap out stale finance products for higher earning options. Get started with our review of an exciting new cash back credit card option, and check out what our expert panel has to say about April’s sweet mortgage discounts.
Lenders Call a Truce on Spring Mortgage Rate Wars
April historically marks an uptick in mortgage price competition as brokers and banks march out their most attractive interest rates – but with today’s fixed and variable rates already at record lows, lenders are engaging in fewer price skirmishes. Is it a good time to get a mortgage? Read on for our expert panel’s take.
Read Penelope’s Blog | Lenders Call a Truce on Spring Mortgage Rate Wars
Free to Use, Free to Choose: Review of the Tangerine Money-Back Credit Card
There’s a new cash back contender in Canada’s credit card market, and it’s bringing a new level of choice to consumers…
