Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for 2025 Mar 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 navigat.... More »
This mortgage loophole puts us at risk Jun 28th
If the Canadian housing market were to crash it would be catastrophic. At least, that’s the synopsis of the latest Moody’s Investors Service report.
According to their analysis the six big banks would lose nearly $12 billion while CMHC and other mortgage insurers would be on the hook for as muc.... More »
Scotiabank, TD reviewed internal sales practices after Wells Fargo scandal + MORE Mar 27th
Major banks in Canada have come under closer scrutiny in recent weeks after media reports alleged that some front-line staff felt pressure to meet ambitious sales targets
.... More »
Banks, not commodities, now steer Canada’s market trends Mar 30th
While materials and energy stocks are still mighty forces, the financial sector is by far the most dominant subset in Canadian equities
.... More »
BOJ’s Kuroda warns low rates may sow seeds of new financial crisis Feb 16th
Bank of Japan Governor offers his strongest warning to date of the demerits of aggressive monetary easing pursued by major central banks
.... More »
Cardholders Increasingly Frustrated By Aeroplan Rewards Shortage
– ratesupermarket.ca
A travel rewards credit card seems like a no-brainer. If you’re going to pay for things with credit anyway, why not build up points towards free travel? But as one of the country’s most-popular rewards programs, Aeroplan, surpasses 5 million cardholders, users are starting to feel some growing pains when they try to cash in their points for tickets.
A Rewarding Experience?
About 10 years ago, my wife and I – newlyweds at the time and without children – took a leave of absence from our jobs and travelled through Southeast Asia for three months. It was a fantastic, life-changing experience. But, in all honestly, one of the highlights was the flight there and back. Why?
Well, at the time, my wife was travelling a lot for work and charging everything to her personal credit card, so she’d racked up enough points for us to get two business class tickets to Thailand. (Flying business class on Singapore Airlines is something that should be on everyone’s bucket list!)
But since that time, whenever we tried to book holidays using our Aeroplan points we became increasingly frustrated…
