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The best GIC rates in Canada for 2024 + MORE Sep 17th
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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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What Is a Credit Union? The Pros and Cons vs a Bank Aug 13th
In recent years, there has been a lot of backlash against banks over fees and practises that has left Canadians looking for a place to keep their money that isn’t associated with big banks.
One of the options you have is to choose a credit union. Credit unions are different from banks, and som.... More »
How to Use Your Credit Card While Travelling Nov 27th
Don’t forget to think about money when planning your next trip. While organizing flights, hotels, and vaccinations are all essential, getting your credit cards in order before taking off can save you a lot of money. A little preparation can go a long way.
Make Sure Your Credit Cards .... More »
Best Student Bank Accounts in Canada: 9 Bank Accounts for Post-Secondary Students Apr 8th
Whether you’re a student currently enrolled in a post-secondary institution or you’re beginning post-secondary studies in the near future, you want a bank account that works with your life. Thankfully, Canada’s banks offer chequing accounts designed specifically for students. IR.... More »
Making sense of the markets this week: March 20 Mar 19th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The Fed moves, just a scooch
On Wednesday of this week, Federal Reserve chairman Jerome Power made the move on rates. The Federal Open Market Committee raise.... More »
Canada's 5 biggest banks getting Apple Pay
– canoe.ca
All of Canada’s five biggest banks are partnering with Apple Pay to bring the mobile payment systems to their customers, but rollout times vary between the institutions.
Premarket: U.S. dollar dips from 2-week high, stocks in the red
– theglobeandmail.com
Yen rebound weighs on dollar; earnings, banks drag European stocks lower
Big banks cutting fees in response to fintech firms
– moneysense.ca
OTTAWA – Technology firms have turned several industries on their head. The way people buy books, hail a ride home from the bar or find a room for the night while on vacation have all changed.
And now financial technology or fintech firms are turning their sights on the banking industry, but Canada’s big banks aren’t going to give up their dominant position without a fight.
Joanna Rotenberg, head of personal wealth management at BMO Financial Group, says the needs of customers are shifting and clients are seeking out digital tools to access and manage their money.
In response, earlier this year the Bank of Montreal launched its SmartFolio investment service, which offers a professionally managed portfolio online for a low fee.
Number of Canadians using fintech may triple in next year »
“It’s for clients who want support from human professionals,” Rotenberg said. “It’s not a robot behind the scenes, but people who want to be able to access that digitally versus needing the hand-holding and face-to-face support…
And now financial technology or fintech firms are turning their sights on the banking industry, but Canada’s big banks aren’t going to give up their dominant position without a fight.
Joanna Rotenberg, head of personal wealth management at BMO Financial Group, says the needs of customers are shifting and clients are seeking out digital tools to access and manage their money.
In response, earlier this year the Bank of Montreal launched its SmartFolio investment service, which offers a professionally managed portfolio online for a low fee.
Number of Canadians using fintech may triple in next year »
“It’s for clients who want support from human professionals,” Rotenberg said. “It’s not a robot behind the scenes, but people who want to be able to access that digitally versus needing the hand-holding and face-to-face support…
Apple Pay now available to RBC and CIBC users
– moneysense.ca
TORONTO – The Apple Pay mobile payment system is adding several major Canadian partners, including at least two of the big banks.
Royal Bank (TSX:RY) and CIBC (TSX:CM) say they’ll accept Visa and MasterCard credit card payments through compatible Apple devices starting today and Bank of Montreal (TSX:BMO) says the feature is “coming soon.”
Apple Pay is also available to users with Interac debit cards issued by RBC and CIBC.
How to avoid online scams »
Interac says it’s working to bring Apple Pay to debit cards issued by all Canada’s biggest banks, including Scotiabank (TSX:BNS) and TD (TSX:TD).
Apple’s tap-and-pay system was officially launched in Canada last November but without support from the big banks.
American Express was Apple Pay’s original credit card partner in Canada along with several major retailers.
The post Apple Pay now available to RBC and CIBC users appeared first on MoneySense.
Royal Bank (TSX:RY) and CIBC (TSX:CM) say they’ll accept Visa and MasterCard credit card payments through compatible Apple devices starting today and Bank of Montreal (TSX:BMO) says the feature is “coming soon.”
Apple Pay is also available to users with Interac debit cards issued by RBC and CIBC.
How to avoid online scams »
Interac says it’s working to bring Apple Pay to debit cards issued by all Canada’s biggest banks, including Scotiabank (TSX:BNS) and TD (TSX:TD).
Apple’s tap-and-pay system was officially launched in Canada last November but without support from the big banks.
American Express was Apple Pay’s original credit card partner in Canada along with several major retailers.
The post Apple Pay now available to RBC and CIBC users appeared first on MoneySense.
