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
Are low interest rates doing more harm than good? Jul 16th
Mark Carney was oddly framed by TV cameras when he made his hasty post-Brexit address the morning after the United Kingdom voted to leave the European Union. Standing behind a lectern, but in front of an open doorway, the governor of the Bank of England appeared as though trapped inside a box. It wa.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of June 2019 Jun 3rd
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that adds va.... More »
The best GIC rates in Canada for 2026 Feb 4th
GIC comparison tool
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Canadians slightly less confident in finances heading into 2016: CIBC poll + MORE Jan 4th
A majority of Canadians remain confident about their finances heading into 2016, but the percentage holding a positive view is down from a year ago, according to a new poll from one of the country's big banks..... More »
Best FHSAs in Canada: What to know about the new first home savings account Mar 29th
First home savings account (FHSA) highlights
The FHSA is a type of registered account that allows you to contribute up to $8,000 annually, up to a lifetime limit of $40,000, to save for the purchase of your first home.FHSAs are scheduled to become available as early as April 1, 2023. However, availa.... More »
Beijing police bust ‘underground banks’ that funnelled $23-billion overseas
– theglobeandmail.com
Police arrested 59 suspects, froze 264 bank accounts and seized more than 800 bank cards after raiding locations in central Beijing
Banks’ bad behaviour won’t change until executives do the perp walk
– theglobeandmail.com
Unless senior executives are put on criminal trial or, at a minimum, marched out the door in shame, rid of their lavish bonuses and corporate golf-club memberships, the rotten culture of the banks will not change
A Season of Change
– ratesupermarket.ca
There were a few shakeups in the personal finance scene this week – are you able to adapt? On the mortgage front, prospective home buyers find themselves under the microscope as new rules charge insurers with better regulating the lending industry. Meanwhile, new interchange fees could signal changes to your favourite credit card features. But don’t fear – we have you covered. Read on for the latest.
In Mortgages: New Scrutiny for Mortgage Borrowers: B-20 and B-21 Updates
Watch out mortgage applicants: the latest set of mortgage rules have been put in place, targeting high risk borrowing and shoddy lender practices. Mortgage insurers are now tasked with closely regulating the banks and their home financing practices. Read on to see how this recent changes will affect home buyers.
Read Penelope’s Blog | New Scrutiny for Mortgage Borrowers
In Credit Cards: What If My Bank Changes My Credit Card Agreement?
The terms of your credit card are bound by contract with your lender – but what if they decide to introduce changes to existing features, promos and fees? It’s important to know your rights, understand the changes and take action – here’s what customers should do in the case of a cardholder agreement shakeup…
A Season of Change
– ratesupermarket.ca
There were a few shakeups in the personal finance scene this week – are you able to adapt? On the mortgage front, prospective home buyers find themselves under the microscope as new rules charge insurers with better regulating the lending industry. Meanwhile, new interchange fees could signal changes to your favourite credit card features. But don’t fear – we have you covered. Read on for the latest.
In Mortgages: New Scrutiny for Mortgage Borrowers: B-20 and B-21 Updates
Watch out mortgage applicants: the latest set of mortgage rules have been put in place, targeting high risk borrowing and shoddy lender practices. Mortgage insurers are now tasked with closely regulating the banks and their home financing practices. Read on to see how this recent changes will affect home buyers.
Read Penelope’s Blog | New Scrutiny for Mortgage Borrowers
In Credit Cards: What If My Bank Changes My Credit Card Agreement?
The terms of your credit card are bound by contract with your lender – but what if they decide to introduce changes to existing features, promos and fees? It’s important to know your rights, understand the changes and take action – here’s what customers should do in the case of a cardholder agreement shakeup…
