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 credit cards in Canada for 2024 + MORE Apr 3rd
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help.
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Meridian Gets Competitive; Posts Lowest Two-Year Fixed Mortgage Rate on the Market + MORE Mar 15th
Meridian is making news as of late, as it recently posted the lowest two-year fixed-interest rate in recent Canadian history, compared to the “Big Five” banks and other lenders on the market. As Ontario’s largest credit union, Meridian is offering a two-year fixed mortgage at 1.98 percent.
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How Can You Get a Credit Card if You Have No Credit History? May 7th
Young Gen Z Canadians, ages 20 to 24, are leading the country in credit adoption, but many of them are experiencing barriers to getting credit cards, primarily because they have no credit history. Newcomers to Canada also lack Canadian credit history. What should young Canadians or recent immigrant.... More »
It’s Bonus Season: 6 Credit Cards with Extra Rewards Feb 3rd
From December to February, many employees see a holiday bonus land on their desks. It’s what we call Bonus Season! To celebrate, we’ve selected six great rewards credit cards for our Bonus Season Event. On top of the great welcome offers, points, or cash back rates offered by these cards, you.... More »
Online and Mobile Banking During the COVID-19 Pandemic + MORE Apr 16th
Canadians are using social distancing to prevent the spread of COVID-19. As a result, banks have closed their doors or reduced their hours of operation. Many Canadians are turning to technology to manage their finances instead. Naturally, this has caused a spike in the use of online and mobile bank.... More »
Streetwise newsletter: Banks lack controls to prevent customers being misled, watchdog finds; Aecon takeover by Chinese firm could fail over security concerns, analyst says
– theglobeandmail.com
Also: U.S. Federal Reserve keeps stress-test clamp on banks amid Dodd-Frank rewrite
Controls on sales practices at Canadian banks ‘insufficient’: watchdog
– theglobeandmail.com
Long-awaited report says ‘sharp focus on sales’ increases risk of misselling but finds no evidence of widespread misconduct
Canada’s financial consumer watchdog says there are “insufficient” controls in place at the country’s biggest banks to prevent sales of financial products that are misrepresented or unsuitable for consumers, and the banks’ sales-focused culture elevates the risk that employees may flout consumer protection rules.