Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Why some people in Quebec are cutting up their cash + MORE Sep 4th
Martin Zibeau has about $100 worth of Canadian money in his wallet, except all of the bills have been cut in two. He can’t use any of the half-sized tender at big-box stores, nor can he deposit them in his bank account. And that’s exactly the point.
On the Gaspé Peninsula in eastern Quebec, a.... More »
Bank of Montreal CEO Bill Downe to retire in October; successor is Darryl White + MORE Apr 8th
After more than a decade at the helm, the Bank of Montreal’s Bill Downe has announced plans to retire as CEO on Oct. 31.
He will be succeeded by Darryl White, who is currently the bank’s (TSX:BMO) chief operating officer.
In a statement issued Friday, BMO chairman Robert Prichard highlig.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Sep 2nd
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Advertisement
Why trust us
MoneySense is an.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Sep 25th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Watch: What is the mortgage stress test? Mar 3rd
If you’ve purchased a home in the last several years, or plan to buy one soon, there’s a good chance you’ve heard about the mortgage stress test. Since 2018, the stress test has served as a set of rules banks and lenders use to determine if you qualify for the mortgage you want. It’s possibl.... More »
Are You A VIP? 3 Top Holiday Credit Card Perks
– ratesupermarket.ca
Points, miles, cash back – the right credit card should be the gift that keeps on giving year-round. But the holidays are a time when some lenders really pull out the stops for the ultimate in cardholder perks. From luxurious lounges to cash prizes, it’s worth checking to see if you’re in for some extra special rewards this year.
We’ve rounded up the best holiday credit card perks of 2013. Does your plastic make you a VIP?
The RBC #AvionVIP Holiday Boutique
The malls may be decked out in their festive best – but holiday shopping isn’t always jolly. Crowds, high prices and scant supply are enough to frazzle even the most seasoned shopper, especially as we enter last minute territory.
That’s why walking through the doors of one of the #AvionVIP Holiday Boutiques is truly an “ahhhh” moment. The luxurious, soundproofed enclosure immediately quiets shopping centre din, and plush lounge chairs await the weariest of shoppers.
Open to all RBC Avion cardholders (and new signups at the door), the Boutiques also offer a latte bar, coat check, gift wrapping, and concierge services (not to mention live piano performances!)…
Financial Resolutions 2014: 4 New Ways You Should Manage Your Money
– ratesupermarket.ca
While everyone else is making resolutions to eat less and exercise more, why don’t you focus some energy on getting your finances into shape? Here are some financial resolutions 2014 worth sticking to, and tips to how to end the year with more money in the bank than you started with.
Resulotion 1: I’ll Track Spending, Then Set A Budget
The best way to ensure you have more money in the bank at the end of the month is to spend less of it. You should set a budget for yourself and stick to it.
The first step in setting a budget is to track your current spending. Pull out a few months’ worth of recent bank statements, credit card bills, and your utility bills to start with.
Using a program such as Excel, set up columns for the various things you spend money on. The more specific you are, the easier it will be to spot areas to cut back on later:
•Rent/mortgage
•Household utilities (itemize each one separately)
•Cellphone bill
•Public transit
•Taxis
•Gasoline
•Auto repairs and maintenance
•Groceries
•Restaurant meals
•Takeout coffee
•Bar tab
•Clothing
•Books and magazines
•Concerts and movies
In short, if you spend money on something, create a column for it…
