Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Canadian inflation: What one expert is expecting from Tuesday's data - BNN Bloomberg + MORE Jul 17th
Canadian inflation: What one expert is expecting from Tuesday's data BNN BloombergSome economists expect inflation back in BoC target range for June Yahoo Canada FinanceWhat latest inflation data could mean for future interest rates in this week's Advisor Lookahead T.... More »
Oil sinks 5% as Moodys banking downgrade drops another shoe on crisis By Investing.com - Investing.com + MORE Mar 14th
Oil sinks 5% as Moodys banking downgrade drops another shoe on crisis By Investing.com Investing.comOil Falls Again As Traders Remain Concerned About U.S. Banks OilPrice.comWTI crude settles at the lows of the year. The chart is daunting ForexLiveOil Sinks to Three-M.... More »
What to expect for GICs in 2024 Nov 21st
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
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 »
The best instant approval credit cards in Canada 2022 Oct 12th
If you’re applying for a credit card, chances are you want it as soon as possible. Unfortunately, you often have to wait several days to see if you were approved, and then wait some more while the card makes its way to you in the mail. The good news is many credit cards now offer instant approval..... More »
Applying for a credit card: What you need to know
– moneysense.ca
There are many great reasons to carry a credit card. Beyond the convenience and purchase protection included with many credit card purchases, they’re also important financial tools for establishing your credit history and borrowing money—both of which you’ll need if you want to make a major purchase, get a loan or take out a mortgage. “The longer you have a credit account open and in use, the better it is for your score. Your credit score may be lower if you have credit accounts that are relatively new,” reports the Financial Consumer Agency of Canada (FCAC). Applying for a credit card is a financial commitment to be taken seriously, but the process is considerably simpler than applying for a mortgage or a personal loan. If you want to know how to apply for a credit card, and how to find the right card for you, you’ve come to the right place.
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