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
Canada’s Best Discount Brokerages 2015 May 12th
(MixAll Studio/Getty Images)
If you’ve ever assembled a piece of furniture you’ve probably used one of those all-in-one screwdrivers. You know, the kind that comes with a dozen different bits to fit every kind of screw, bolt and fastener. Sure, this little tool seems convenient, and it will get .... More »
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News - Castanet.net + MORE Feb 17th
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News Castanet.netBanks have started to freeze accounts linked to the protests, Freeland says CBC NewsTrucker convoy: Banks take action to cease financing CTV NewsFinancial institut.... More »
Is Wealthsimple’s new Physical Gold Trading worth it? Dec 17th
Gold prices hit a new all-time high of $4,379 USD per ounce in October. At the time, we covered the move with a comprehensive guide on the different ways investors can gain exposure to gold. The takeaway was straightforward: if your goal is portfolio diversification, owning gold through an exchange-.... More »
The best GIC rates in Canada for 2025 Apr 21st
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 »
Making sense of the markets this week: November 2 Oct 31st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Big, juicy Canadian dividend stocks are on sale
In Canada, we now have the largest spread (in three decades) between Canadian bond yields and the Canadian high dividend inde.... More »
Banks Should Do a Better Job Teaching Canadians About Money: Survey
– ratesupermarket.ca
Canadians are finding it harder than ever to save money, and they believe banks should do a better job of teaching them how, according to a recent poll from a group of credit unions.
The study found six in 10 Canadians said their current level of debt does not allow them to save as much as they would like, with three in 10 (31 per cent) unable to save any money at all.
Household Debt Rises, Personal Saving Plummet
Schools educate youth about geography, history and mathematics, but when it comes to financial literacy we’re on our own. While household debt continues to climb, the personal savings rate is shrinking. The average Canadian household owes $1.63 for every dollar in disposable income earned, according to Statistics Canada.
“In the last 20 years, the personal savings rate in Canada has plummeted while household debt has grown dramatically,” explains Marie Mullally, president and chief executive officer of Credit Union Atlantic. “More needs to be done to develop innovative options to help Canadians and their families develop healthy financial habits that will allow them and our economy to thrive…
Look Beyond Sign Up Bonuses – BMO World Elite MasterCard Review
– ratesupermarket.ca
Would you sign up for a travel rewards card if it meant you could fly right away for free? Massive point and mile sign-up bonuses are the latest favoured incentive from credit card companies, keen on luring customers with the promise of an instant vacay.
While complimentary jet setting is an attractive idea, it’s important for prospective cardholders to look beyond sign up perks and asses the real value offered by a card over time. Be sure to ask yourself the following when choosing a credit card:
Is it a good fit for my spending habits?
Is there an annual fee?
Will it earn rewards quickly and with few restrictions?
What is the value of one reward?
How convenient is it to redeem rewards?
Penelope’s Pick: BMO® World Elite™ MasterCard®*
This premium option from Bank of Montreal really is a winner across the board; not only are new signups welcomed with a hefty 30,000 point bonus (a $300 travel value), this card offers a fast-earning and flexible rewards program that’s designed for daily use…
Banks Should Do a Better Job Teaching Canadians About Money: Survey
– ratesupermarket.ca
Canadians are finding it harder than ever to save money, and they believe banks should do a better job of teaching them how, according to a recent poll from a group of credit unions.
The study found six in 10 Canadians said their current level of debt does not allow them to save as much as they would like, with three in 10 (31 per cent) unable to save any money at all.
Household Debt Rises, Personal Saving Plummet
Schools educate youth about geography, history and mathematics, but when it comes to financial literacy we’re on our own. While household debt continues to climb, the personal savings rate is shrinking. The average Canadian household owes $1.63 for every dollar in disposable income earned, according to Statistics Canada.
“In the last 20 years, the personal savings rate in Canada has plummeted while household debt has grown dramatically,” explains Marie Mullally, president and chief executive officer of Credit Union Atlantic. “More needs to be done to develop innovative options to help Canadians and their families develop healthy financial habits that will allow them and our economy to thrive…
