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.
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Canada’s best travel credit cards 2022 May 25th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
The close: TSX notches biggest gain in six weeks as banks, miners gain Apr 18th
Wall Street rallies in low volume led by banks, tech
.... More »
The best GIC rates in Canada for 2024 Jun 13th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Why trust us
MoneySense is an award-winning magazine,.... More »
The Best Credit Cards for First-Year University and College Students Aug 8th
Congratulations! You’ve graduated high school and now you’re taking the next big step in your life. Starting post-secondary education involves a lot of firsts – it may be the first time you’re living away from home, the first time you’re cooking for yourself, and perhaps the first time yo.... More »
As banks feel profit pressure, keep an eye on your fees: Mayers + MORE Mar 15th
As conditions get tougher for Canada’s banks they're looking everywhere for revenues, including basic fees. Here are some tips to keep yours down..... More »
Can You Afford to be a Single-Income Family?
– ratesupermarket.ca
According to recent RateSupermarket research, roughly half of Canadians admit to changing their minds about their desired family size due to the associated costs.
They may be on to something. As authors Elizabeth Warren and Amelia Tyagi note in their book, The Two-Income Trap: Why Middle-Class Mothers & Fathers Are Going Broke, the single best predictor of future financial troubles is having a child.
While two-income families make more money today than a one-income family did a generation ago, the basics – housing, groceries, taxes, entertainment, and transportation – leave more and more families with less money at the end of the month, they maintain. What’s more, with both parents in the workforce, the chances of someone getting laid off or getting too sick to work also doubles.
Having Kids Is Very Expensive
From their point of view, the families in the worst financial trouble aren’t the usual suspects. They’re not the very young, tempted by the freedom of their first credit cards…
