Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Making sense of the markets this week: November 27, 2022 Nov 26th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Dec 30th
Save
The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
Compare now
Tap the button for more details.
W.... More »
Trump administration sanctions North Korean banks, bank workers - CBS News + MORE Sep 26th
Trump administration sanctions North Korean banks, bank workersCBS NewsLast Updated Sep 26, 2017 2:36 PM EDT. The Treasury Department's Office of Foreign Assets Control (OFAC) is targeting eight North Korean banks and 26 individuals "linked to North Korean financial networks" in respo.... More »
The best GIC rates in Canada for 2025 Dec 22nd
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 »
Lost wallet? Here’s how to protect yourself from fraud Mar 29th
You’re rushing out the door and you pat that familiar spot to confirm you’ve got your wallet, only to find…nothing. I don’t know about you, but after searching yesterday’s pockets, my mind goes to some dark places. First, the kitchen pantry. Maybe I put the granola bar in my purse and my w.... More »
Canadian Parents Spending More on Back-to-School than Holiday Gifts
– ratesupermarket.ca
With September just around the corner, kids across the nation are likely dreading the thought of going back to school, and parents are likely dreading the costs that come with it.
From clothing and technology to snacks and supplies, a recent RetailMeNot.ca survey found 53 per cent of Canadian parents agree that back-to-school shopping puts a financial strain on their families, with the average back-to-school spend per family adding up to $883.
And while nearly two-thirds (64 per cent) of parents set a budget for their kids, 56 per cent admit to usually spending more than planned.
New clothes, new shoes, school supplies, a smartphone, and a laptop top the list of items kids ask for the most, leading parents to spend $325 more on back-to-school shopping than what they even spent on holiday gifts last year.
For those parents purchasing those items, the average spend per item breaks down as such:
New clothes: $204
New shoes: $97
School supplies: $103
Smartphone: $255
Laptop: $582
Tips to save on back-to-school items
The survey also found more than one-third of parents (40 per cent) don’t realize how much they are spending on back-to-school shopping until they get the credit card bill, and 39 per cent say it takes months to pay off their bills after…
