Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Say hello to the post office of the future: with drive-thru and change rooms + MORE Oct 22nd
Canada Post has launched an experiment to watch its own future unfold with a new test store that banks heavily on making its service a better way to help Canadians shop online..... More »
Two central banks, one alternative fact and 3/4 of a dollar: The loonie this week Mar 19th
Watch the Canadian dollar as the Federal Reserve, Bank of Canada are on show
.... More »
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more Jun 16th
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
The best high-interest savings accounts in Canada for 2024 + MORE Oct 15th
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 »
European Central Bank to identify weak banks; step considered key to eurozone recovery + MORE Oct 10th
FRANKFURT – The European Central Bank says it will reveal the results of its much-awaited review of bank finances on Sunday, Oct. 26.
The exercise is an attempt to purge so-called zombie banks that are too troubled to make new loans and support the struggling eurozone economy.
The idea is that.... More »
What’s Behind the Government Bond Yield Spike?
– ratesupermarket.ca
It seems the “race to the bottom” days are a thing of the past for mortgage rates, as bond yields remain at yearly highs – hitting a 52-week peak of 1.92 per cent. It’s a contributing factor to the fixed mortgage rate increases we’ve seen from various lenders over the past few weeks – and the upward trend doesn’t look to be easing soon. This is leading to fears of a renewed financial crisis as the pressure of higher yields is felt in markets worldwide.
How Do Bond Yields Affect Fixed Mortgage Rates?
Government bond yields have a negative relationship with investor interest: when many investors are buying bonds, they push up the bond prices, and yields decrease as a result. The opposite occurs when investor interest is low, which in turn increases the cost of funding fixed mortgages for banks, who respond by increasing their mortgage rates.
Why Are Bond Yields So High?
While Canadian bonds and rates are affected, new economic developments in the U.S. are actually behind the increase of government bond yields on a global scale…
What’s Behind the Government Bond Yield Spike?
– ratesupermarket.ca
It seems the “race to the bottom” days are a thing of the past for mortgage rates, as bond yields remain at yearly highs – hitting a 52-week peak of 1.92 per cent. It’s a contributing factor to the fixed mortgage rate increases we’ve seen from various lenders over the past few weeks – and the upward trend doesn’t look to be easing soon. This is leading to fears of a renewed financial crisis as the pressure of higher yields is felt in markets worldwide.
How Do Bond Yields Affect Fixed Mortgage Rates?
Government bond yields have a negative relationship with investor interest: when many investors are buying bonds, they push up the bond prices, and yields decrease as a result. The opposite occurs when investor interest is low, which in turn increases the cost of funding fixed mortgages for banks, who respond by increasing their mortgage rates.
Why Are Bond Yields So High?
While Canadian bonds and rates are affected, new economic developments in the U.S. are actually behind the increase of government bond yields on a global scale…
Avi Jorisch: Despite Sanctions, Iran's Money Flow Continues
– online.wsj.com
It’s time for the Swift global financial network to cut off service to all of Iran’s banks, not just 14.
