Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada
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The best GIC rates in Canada for 2025 + MORE Dec 9th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Bank Websites: The Good, The Bad and the Ugly – Pt.1
– ratesupermarket.ca
By Derek Nicholson
SURVEY ALERT – Enter to win for a $50 gift card by telling us what YOU like (or don’t) about YOUR bank! (Survey ends June 12, 2015)
As online and mobile banking methods are increasingly adopted by Canadian consumers, and with the growing number of online-based banks that have surfaced in the past few years, personal finance is becoming more versatile as ever. In fact, more than three quarters (77 per cent) of Canadians are now using online banking. To stay competitive, it’s important for lenders to offer the most user-friendly online service possible.
However, for an online service to be considered user-friendly, anyone visiting the page must be able to easily navigate and find what they want on their own, hassle-free. For banks specifically, it’s important that visitors be able to fluidly and quickly find the information they require. This is achieved when the website provides all the required information regarding the services the bank offers in a straightforward way (it definitely helps if it’s pleasing to the eye, too!)…
OTTAWA – Bleak numbers showing that Canada’s economy shrank in the first three months of 2015 have already created a torrent of downgraded economic projections on how the rest of the year will unfold.
The falling expectations of economists follow last week’s news that the economy had contracted in the first quarter at an annualized rate of 0.6 per cent.
That reading for real gross domestic product came in below most predictions, including the Bank of Canada’s forecast of zero growth, and could have political implications with a federal election less than five months away.
The experts have wasted little time recalibrating their economic predictions for the rest of 2015.
On Wednesday, the Organization for Economic Co-operation and Development sliced its average 2015 growth forecast for Canada to 1.5 per cent — down from its 0.7 per cent March prediction. The Paris-based OECD cited weaker investment in the energy sector following the drop in oil prices.
The country’s big banks have also lowered their 2015 real GDP predictions since Statistics Canada released the first-quarter data last Friday, with RBC and CIBC among the latest to unveil pared-down numbers…
The falling expectations of economists follow last week’s news that the economy had contracted in the first quarter at an annualized rate of 0.6 per cent.
That reading for real gross domestic product came in below most predictions, including the Bank of Canada’s forecast of zero growth, and could have political implications with a federal election less than five months away.
The experts have wasted little time recalibrating their economic predictions for the rest of 2015.
On Wednesday, the Organization for Economic Co-operation and Development sliced its average 2015 growth forecast for Canada to 1.5 per cent — down from its 0.7 per cent March prediction. The Paris-based OECD cited weaker investment in the energy sector following the drop in oil prices.
The country’s big banks have also lowered their 2015 real GDP predictions since Statistics Canada released the first-quarter data last Friday, with RBC and CIBC among the latest to unveil pared-down numbers…
Bank Websites: The Good, The Bad and the Ugly – Pt.1
– ratesupermarket.ca
By Derek Nicholson
SURVEY ALERT – Enter to win for a $50 gift card by telling us what YOU like (or don’t) about YOUR bank! (Survey ends June 12, 2015)
As online and mobile banking methods are increasingly adopted by Canadian consumers, and with the growing number of online-based banks that have surfaced in the past few years, personal finance is becoming more versatile as ever. In fact, more than three quarters (77 per cent) of Canadians are now using online banking. To stay competitive, it’s important for lenders to offer the most user-friendly online service possible.
However, for an online service to be considered user-friendly, anyone visiting the page must be able to easily navigate and find what they want on their own, hassle-free. For banks specifically, it’s important that visitors be able to fluidly and quickly find the information they require. This is achieved when the website provides all the required information regarding the services the bank offers in a straightforward way (it definitely helps if it’s pleasing to the eye, too!)…
