Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best GIC rates in Canada for 2024 Jun 4th
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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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Four in 10 Canadians Say They are Victims of Identity Theft Mar 21st
Identity theft is an intricate crime, but its cause is very simple: Ignorance, Lack of Awareness and easy availability of vulnerable information.
According to a recent study conducted by Equifax Canada, attempts of credit card fraud have increased by 42 percent over the last two years. Suspected tru.... More »
PlayStation is the latest to join the Facebook ad boycott - Engadget + MORE Jul 2nd
PlayStation is the latest to join the Facebook ad boycott EngadgetCanada's largest banks add names to Facebook boycott targeting racism | Venture Daily HiveZuckerberg: Advertisers will be back to Facebook 'soon enough' BBC NewsThe hate Facebook fosters destroys lives.... More »
Self Employed Mortgages: How to Qualify + MORE May 7th
There are a lot of advantages to being self-employed. For one, you’re the boss, so you can decide how much – or how little – you want to work each day. And, if your business takes off, you’re the one who reaps all the benefits. But there are some downsides. One of the most notable is how d.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Aug 6th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Canadians Are Willing To Go Into Debt For Vacation: BMO
– ratesupermarket.ca
A majority of Canadians are looking to travel this fall – and they’re willing to go into debt while they’re at it. A survey conducted online by Pollara for BMO Bank of Montreal found an astounding 77 per cent of Canadians plan to take vacation in the next three months and 64 per cent will be using a credit card to pay for it. As well, 43 per cent more people plan to travel compared to the same time last year.
Travelers are also willing to pay top dollar for the luxury. Those traveling in Canada expect to spend on average $2,563 and those traveling out of the country are prepared to spend a thousand dollars more. With Canadians still in record amounts of debt, it’s worrying that so many are planing to spend so much on entertainment.
When it comes to holidays there are some general rules we should always follow regardless of our financial situation. These will help us stay on budget and save some money when we do travel.
The Four Per Cent Rule
Even if we have the money in the bank, spending large amounts of cash on your holiday can undermine your financial goals…
