Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The 11 best travel credit cards in Canada for August 2023 + MORE Aug 25th
Credit Cards
The 11 best travel credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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BoC expected to raise rates again this week, vying to quash inflation faster - CTV News + MORE Jul 9th
BoC expected to raise rates again this week, vying to quash inflation faster CTV NewsHow to prepare for Bank of Canada's anticipated interest rate hike this week Global NewsCanadian banks poised for 0.25% interest rate hike: lot of pain yet to come, economist says Ya.... More »
The best travel credit cards in Canada for 2023 + MORE Oct 26th
Credit Cards
The best travel credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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.... More »
Best rewards debit cards in Canada for 2023 + MORE Jun 13th
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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.
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Canada’s best Mastercard credit cards for 2023 Jan 3rd
Mastercard is one of the most widely accepted credit cards in the world, and its association with the Bank of Montreal and status as the only card you can use at Costco make it a strong choice for everyday spending. Whatever you need in a credit card—whether it’s opportunities to earn cash or re.... More »
Breaking down bank fees
– moneysense.ca
The COVID-19 pandemic has hit a lot of Canadians hard—emotionally, physically and financially. So it isn’t surprising that many are calling out banks that raised their fees to consumers at a time when so many people are struggling. Given the number of banks that have also reported record profits this year, the question on many customers’ minds has been: Why?
Watch: MoneySense – Breaking down bank fees – Presented by EQ Bank
Why do banks charge fees on everyday transactions?
Depending on what kind of account you have, and where, certain everyday transactions, like sending an e-Transfer or paying for an online purchase in a foreign currency, may result in a charge being debited from your account; or you may be charged a flat fee each month.
In either case, fees are a way of recouping banks’ costs (for example, staff salaries; overhead costs for brick-and-mortar branches; the admin involved with approving a loan or mortgage), but also a way to meet the demands of their shareholders…