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
Some Banks Are Too Small to Succeed Oct 30th
Recent regulations strangle lending for rural entrepreneurs..... More »
Airline & Travel Rewards Programs are Responding to COVID-19 + MORE May 8th
The COVID-19 virus has caused a global pandemic and forced countries around the world to close their borders to visitors. While this is the right move to curb the spread of the virus and flatten the curve, the result is that many Canadians have found themselves postponing travel plans indefinitely..... More »
Canada’s banks pumped up the housing bubble + MORE Mar 10th
Royal Bank of Canada Chief Executive David McKay flattered some Bay Street reporters with rare interviews the other day, having just conducted another clinic in money making by guiding his 148-year-old institution to a record quarterly profit of $3 billion. What better time for a banker to subject .... More »
The best no-fee credit cards in Canada for 2024 Jul 4th
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The best no-fee credit cards in Canada for 2024
From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards.
Compare now
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BMO SmartFolio Review: A Robo-Advisor Option from a Bank You Know + MORE Mar 2nd
For years, most investors had to choose between two polar opposites on the investment spectrum: DIY investing and high-cost mutual funds. There was no middle ground. This left many investors frustrated. There had to be a better way and thankfully now there is.
Robo-advisors offer the best of both wo.... More »
Apple Pay To Come to Canada
– ratesupermarket.ca
According to various reports, Apple plans to launch Apple Pay, a service that allows users to seamlessly make payments via their iPhone, iPad or Apple Watch, sometime this fall. Here’s what early adopters need to know.
Phoning It In
Apple Pay launched in the U.S. last October. It enables users to make payments directly from their Apple devices at retailers equipped with “near-field communications” (NFC) contactless point-of-sale transaction machines. Once registered with an enabled device, to make a payment users simply hold their finger over the fingerprint sensor. If your phone is lost or stolen, you can remotely disable the service via Apple’s Find My iPhone application.
Banks Balking at Apple Pay Canada
Canada is a logical place for Apple to start taking the system global: according to the Canadian Bankers Association, more than half of us do the majority of our banking online and, by 2011, 31 per cent of Canucks had used mobile banking (a number that has surely gone up).
But, more relevant to a rollout is that about one-third of all Canadian smartphones are iPhones and, by the end of the year, virtually all credit card readers will be equipped with the NFC contactless payment system required to work with Apple Pay…
Central banks filled with policy makers with little real-world experience
– theglobeandmail.com
It's rare for an industry executive or a business leader to be at the helm of a central bank. Instead, boards are packed with economists and academics, meaning monetary policy is mostly decided by unelected theoreticians who have little stake in the game.
Apple Pay To Come to Canada
– ratesupermarket.ca
According to various reports, Apple plans to launch Apple Pay, a service that allows users to seamlessly make payments via their iPhone, iPad or Apple Watch, sometime this fall. Here’s what early adopters need to know.
Phoning It In
Apple Pay launched in the U.S. last October. It enables users to make payments directly from their Apple devices at retailers equipped with “near-field communications” (NFC) contactless point-of-sale transaction machines. Once registered with an enabled device, to make a payment users simply hold their finger over the fingerprint sensor. If your phone is lost or stolen, you can remotely disable the service via Apple’s Find My iPhone application.
Banks Balking at Apple Pay Canada
Canada is a logical place for Apple to start taking the system global: according to the Canadian Bankers Association, more than half of us do the majority of our banking online and, by 2011, 31 per cent of Canucks had used mobile banking (a number that has surely gone up).
But, more relevant to a rollout is that about one-third of all Canadian smartphones are iPhones and, by the end of the year, virtually all credit card readers will be equipped with the NFC contactless payment system required to work with Apple Pay…
