The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Investors to take in earnings from major banks this week May 27th
The Toronto stock market could benefit from further lift in the financial sector this week as traders anticipate another positive run of earnings from the big banks.
The TSX ran ahead 1.33 per cent last week after two losing weeks, lifted by a gain of about 1.2 per cent in the financial sector after.... More »
Do inflation-linked bonds make sense in an era of rising interest rates? Feb 23rd
For a long time, inflation-linked bonds like TIPs (Treasury Inflation-Protected Securities) in the U.S. or Government of Canada Real Return Bonds (RRBs) seemed like valid alternatives to nominal bonds for inflationary environments. If inflation ticks above certain levels, such bonds—or exchange-tr.... More »
Debt collection in Canada: What collectors can and can’t do Dec 15th
When bills go unpaid, that’s when the calls from creditors can start. At home, at work, by phone or mail—they’ll reach out in every way they can to get you to pay.
Debt collectors are obligated to follow specific rules about how they make contact and what information they can request; h.... More »
Personal Loan Vs. Line of Credit: Which Should I Get? + MORE Dec 23rd
In today’s ever-evolving market of loan products, it can sometimes feel like there are too many options to choose from – and each with its own complex fine print. Obtaining a line of credit or personal loan from a bank or lender has been a common way for Canadian consumers to get a cash injecti.... More »
The best GIC rates in Canada for 2025 + MORE Aug 11th
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Your Best Options For Travel Rewards Credit Cards
– ratesupermarket.ca
Two credit card giants are battling for the right to carry Aeroplan rewards miles – but it’s current cardholders who are left waiting in the wings. Previously this summer, Aeroplan owner Aimia Inc. announced a new deal with TD, pending the expiry of their current credit card partnership with CIBC this December. It’s a move that would knock CIBC out as the leading provider of Aeroplan rewards – which it has been for decades – and the lender is not stepping back without a fight.
An Uncertain Future For Travel Rewards Customers
CIBC was given until this past Friday, August 9, to match Aimia’s new deal with TD, which includes paying 15 per cent more per mile and an upfront payment of $100 million to retain the partnership. However, CIBC is calling foul, stating on the deadline that these terms are invalid as Aimia had disregarded their right to first refusal under the current contract.
Currently, the two banks and rewards provider are trying to hash it out – according to a statement released by CIBC, the lender is looking to sell 50 per cent of their Aerogold portfolio, made up mainly of stand-alone credit card consumers, to TD…
Canadian Tire Bank Branch To Expand With New Partner
– ratesupermarket.ca
You may have noticed recent headlines about Canadian Tire, your go-to hardware and home store, being on the hunt for a partner in the banking sector. the retail giant wants a credit card partner to share the wealth, and the risk, of its rapidly growing financial arm, which it says makes up $4 billion of its portfolio – more than eight per cent of its total revenue. Now, Canadian Tire wants to cut its vulnerability and find a financial partner.
“As a result of that work, we are now well-positioned to explore an arrangement that would allow us to increase our financial flexibility while continuing to enjoy the substantial contributions of our financial services business,” Chief Executive Stephen Wetmore said in a statement
Canadian Tire And The Bank Business
The Canadian Tire Financial services story starts in 1961, when it was called Midland Shoppers Credit limited. The company processed credit transaction for local retailers. Eventually, Canadian Tire bought them in 1968 and, in 1995, launched their own Mastercard…
Your Best Options For Travel Rewards Credit Cards
– ratesupermarket.ca
Two credit card giants are battling for the right to carry Aeroplan rewards miles – but it’s current cardholders who are left waiting in the wings. Previously this summer, Aeroplan owner Aimia Inc. announced a new deal with TD, pending the expiry of their current credit card partnership with CIBC this December. It’s a move that would knock CIBC out as the leading provider of Aeroplan rewards – which it has been for decades – and the lender is not stepping back without a fight.
An Uncertain Future For Travel Rewards Customers
CIBC was given until this past Friday, August 9, to match Aimia’s new deal with TD, which includes paying 15 per cent more per mile and an upfront payment of $100 million to retain the partnership. However, CIBC is calling foul, stating on the deadline that these terms are invalid as Aimia had disregarded their right to first refusal under the current contract.
Currently, the two banks and rewards provider are trying to hash it out – according to a statement released by CIBC, the lender is looking to sell 50 per cent of their Aerogold portfolio, made up mainly of stand-alone credit card consumers, to TD…
