Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Making sense of the markets this week: September 6, 2021 Sep 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The rich get richer as rates go lower
We know that lower rates set by central banks help to stimulate economic growth by providing cheap money. On the flipsi.... More »
RESP vs. RRSP and TFSA: What’s the best option for education savings? Feb 12th
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
What You Need to Know About the Canadian Mortgage Stress Test Nov 5th
In late 2017, OSFI, the agency that supervises and regulates Canada’s banks, unveiled a new mortgage stress test, designed to protect Canadian borrowers from increasing debt burdens, and the prospect of rising interest rates. It also served to cool off a couple of Canada’s most expensive housing.... More »
Simplii, Tangerine, Motusbank – Who Are These “New” Players? + MORE Apr 24th
You’ve seen those ads show up more and more the past few years: financial institutions who offer a new way of banking. But do those flashy logos hide something you already know? Many of these businesses are owned by traditional Canadian banks. The industry is tightly regulated, but you.... More »
Best rewards debit cards in Canada for 2023 + MORE Jun 13th
Spend
The best rewards debit cards in Canada for 2023
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
Let’s get started
You will be leaving MoneySens.... More »
BMO stops allowing credit and debit cards for cryptocurrency purchases
– canadianbusiness.com
TORONTO _ The Bank of Montreal has stopped allowing customers to use its credit cards to buy cryptocurrency such as bitcoin.
The bank says it no longer allows retail consumers to buy cryptocurrencies using Mastercard-branded credit or debit cards.
The bank’s decision follows a move by TD Bank last month to stop allowing customers to use its credit cards to buy cryptocurrency.
TD said it made the decision to conduct a review and assessment of the evolving market.
The decisions follow moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies.
The value of bitcoin soared last year, trading for more than $20,000 per bitcoin, but has since come off its all-time highs and now trades for less than $11,000.
The post BMO stops allowing credit and debit cards for cryptocurrency purchases appeared first on Canadian Business – Your Source For Business News.
The bank says it no longer allows retail consumers to buy cryptocurrencies using Mastercard-branded credit or debit cards.
The bank’s decision follows a move by TD Bank last month to stop allowing customers to use its credit cards to buy cryptocurrency.
TD said it made the decision to conduct a review and assessment of the evolving market.
The decisions follow moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies.
The value of bitcoin soared last year, trading for more than $20,000 per bitcoin, but has since come off its all-time highs and now trades for less than $11,000.
The post BMO stops allowing credit and debit cards for cryptocurrency purchases appeared first on Canadian Business – Your Source For Business News.