The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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New Aeroplan Members Can Get 2,500 Bonus Miles This Month Sep 11th
For a limited time, new Aeroplan members can get 2,500 bonus miles (soon to be Aeroplan points) when they join and earn their first mile before the end of September 2020.
Members can earn miles through in-store and online purchases at partner brands by scanning their Aeroplan card or using their Ae.... More »
The best student credit cards in Canada for 2023 Oct 12th
Credit Cards
The best student credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
Canadian banks’ mortgage-rate increases could trigger rise in qualifying rate, analysts say May 8th
The central bank’s conventional mortgage five-year rate, which is updated weekly, was 5.14 per cent as of May 2..... More »
The Best Credit Cards to Use for the 2018 Holiday Season Dec 10th
There are exactly 14 shopping days left until Christmas, and whether you’re ahead of the game or behind on your shopping list, you may already be feeling some shopping lethargy. But don’t despair: depending on your preferred method of payment, you may be able to get rewarded for running around .... More »
The best student credit cards in Canada for 2023 + MORE Sep 2nd
Credit Cards
The best student credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
As Expected: Bank of Canada Maintains 1% Overnight Rate
– ratesupermarket.ca
In its last announcement for the year, the Bank of Canada revealed it is leaving its benchmark interest rate unchanged at one per cent. This comes after the Bank raised rates twice in 2017 – once by a quarter point in July and again by a quarter point in September.
None of the big five banks had given their forecast for this announcement, indicating there was no clear idea of what the Bank was going to do. But the vast majority of economists polled by Bloomberg expected the Bank to keep its rate steady. With positive job growth and better-than-expected GDP data, one could even make a case that Canada is ready for higher rates.
Thriving global economies dictating lower rates in Canada
In a statement released immediately after the announcement, the Bank says the global economy is evolving largely as expected – similar to what was conveyed in the October Monetary Policy Report (MPR).
Global growth in advanced economies is making the Bank nervous, pushing it to keep rates lower in Canada…
The Best Cash Back Credit Cards of 2017: How Do They Compare?
– ratesupermarket.ca
With so many options on the market, it’s hard to know which credit card is the right choice for you. But one thing is for sure – you want a credit card that ultimately benefits in some way, whether it be through travel points, cash back, or even just a good deal on interest rates. The last thing you want is to sign up for a card that does nothing for you – you’re potentially missing out on free money or wasting it on high interest payments.
So how do you decide? Well, you should first do your research and know what you’re looking for.
But we know this can be time-consuming. This is why RateSupermarket.ca analyzes the market every year and singles out the best of the best with our Best of Finance awards – providing you with a concise list of the top cards in various categories.
And now we decided to take it one step further and break down why these cards perform the best – showing you how much they could earn or save you.
Check out how much you could earn with the best cash back rewards cards of 2017 below…
As Expected: Bank of Canada Maintains 1% Overnight Rate
– ratesupermarket.ca
In its last announcement for the year, the Bank of Canada revealed it is leaving its benchmark interest rate unchanged at one per cent. This comes after the Bank raised rates twice in 2017 – once by a quarter point in July and again by a quarter point in September.
None of the big five banks had given their forecast for this announcement, indicating there was no clear idea of what the Bank was going to do. But the vast majority of economists polled by Bloomberg expected the Bank to keep its rate steady. With positive job growth and better-than-expected GDP data, one could even make a case that Canada is ready for higher rates.
Thriving global economies dictating lower rates in Canada
In a statement released immediately after the announcement, the Bank says the global economy is evolving largely as expected – similar to what was conveyed in the October Monetary Policy Report (MPR).
Global growth in advanced economies is making the Bank nervous, pushing it to keep rates lower in Canada…
