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.
Latest News
Italian banks in focus as Europe shrugs off Brexit – for now + MORE Jul 27th
MILAN – About a month on from Britain’s vote to leave the European Union, there’s little evidence that economic activity across the continent has been derailed yet.
That’s some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate .... More »
Making sense of the markets this week: May 24, 2021 May 21st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Stocks could fall when the Fed fights inflation
How do the U.S. Federal Reserve and other central banks fight inflation? By increasing rates. And the fear is that inflation-fi.... More »
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 »
Institutional trust is the hallmark of a healthy economy Jul 20th
A citizenry’s faith in its government and banks can drive success
.... More »
Credit vs. Debit: Know the Differences + MORE Dec 1st
By: Barry Choi
We all carry credit and debit cards in our wallets, but when it comes time to pay, which one you reach for for can leave an impact in a few different ways. Which option you choose is ultimately up to you, but it’s important to understand what goes on behind the scenes since debit a.... More »
Are Interchange Fees Holding Apple Pay Canada Back?
– ratesupermarket.ca
iPhone fans rejoice – Apple Pay is officially set to enter the Canadian market. The third-party payment app, which allows users to upload their credit cards and tap their phones to pay for purchases, will roll out sometime in the final months of 2015 for iPhone 6 and up. Unlike its widespread presence in the U.S., though, the Canadian app will only be compatible with American Express credit cards – for now.
The app will also be made available in Australia this year, and will come to Spain, Singapore and Hong Kong in 2016.
Why Only American Express?
Apple Pay in Canada has been hotly anticipated ever since its initial U.S. launch in September 2014 – but Apple dragged its heels on bringing it north of the border. Why the holdup? That contention exists between the tech giant and Canada’s big banks over fees has been a prevailing theory – and that Amex provided a red-tape-free option that allowed Apple to sidestep lenders for the initial launch.
In Canada, Visas and Mastercards aren’t provided to consumers by the credit card companies directly; they partner with banks, who issue the cards under their own product umbrellas…
Are Interchange Fees Holding Apple Pay Canada Back?
– ratesupermarket.ca
iPhone fans rejoice – Apple Pay is officially set to enter the Canadian market. The third-party payment app, which allows users to upload their credit cards and tap their phones to pay for purchases, will roll out sometime in the final months of 2015 for iPhone 6 and up. Unlike its widespread presence in the U.S., though, the Canadian app will only be compatible with American Express credit cards – for now.
The app will also be made available in Australia this year, and will come to Spain, Singapore and Hong Kong in 2016.
Why Only American Express?
Apple Pay in Canada has been hotly anticipated ever since its initial U.S. launch in September 2014 – but Apple dragged its heels on bringing it north of the border. Why the holdup? That contention exists between the tech giant and Canada’s big banks over fees has been a prevailing theory – and that Amex provided a red-tape-free option that allowed Apple to sidestep lenders for the initial launch.
In Canada, Visas and Mastercards aren’t provided to consumers by the credit card companies directly; they partner with banks, who issue the cards under their own product umbrellas…
