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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The best banks in Canada Oct 17th
Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
The best credit cards in Canada for 2024 Mar 7th
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The best credit cards in Canada for 2024
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BMO credit cards: A breakdown of the bank’s best cards 2021 Jan 13th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
Bank of Canada may lose billions in coming years, think tank warns - CBC News + MORE Jan 12th
Bank of Canada may lose billions in coming years, think tank warns CBC NewsOpinion: The Bank of Canada's millions in balance-sheet losses are only the beginning The Globe and MailPosthaste: Bank of Canada could lose up to $8.8 billion over next few years: report Fina.... More »
The best high-interest savings accounts in Canada for 2023 Oct 20th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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Checking Your Credit Card Statement Could Save You Money
– ratesupermarket.ca
One of the most useful personal finance tools is your credit card. You can use it to buy products and services online, set up automatic payments, finance larger purchases, and start to build your credit history. However, you must use your credit card responsibly.
While effectively managing your debt is a top priority, spotting false charges, as well as compromised or stolen credit card details, is also your responsibility. To prevent these issues from going undetected, it’s good practice to check your credit card statements routinely. Plus, this habit could save you money!
How could reviewing your credit card statement save you money?
Nobody’s perfect! That includes credit card companies and vendors. Sometimes a credit card company will charge you a fee that they shouldn’t have, or a vendor will charge you the incorrect amount. Although many credit card issuers will have fraud alerts and other safety features, every issue is not always detected.
The more diligent you are at checking the activity on your credit card statement, the more errors you are likely to catch, which will save you money in the long run…