Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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The best GIC rates in Canada for 2025 + MORE Dec 16th
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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The best credit cards in Canada for 2024 Sep 21st
MoneySense has ranked the best credit cards in Canada across numerous categories of cards. On this page, however, you’ll find the best of the best: the cards that top their respective categories and cater to the needs of most Canadians. Use the tool below to compare credit card options, or keep sc.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Feb 3rd
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Tracking Receipts with the UGO Mobile Wallet + MORE Jul 19th
There’s been a lot of innovation in the banking space lately, an area that is typically resistant to change. Just recently, the big banks got on board and started offering Apple Pay. Now, innovators have introduced the UGO Mobile Wallet.
Today smartphones are so much more than just a phone. Users.... More »
The best GIC rates in Canada for 2026 Jun 1st
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Credit Card Code of Conduct: Changes Announced for Fees and Mobile Payments
– ratesupermarket.ca
Conservative Finance Minister Joe Oliver announced new updates to the Credit Card Code of Conduct today, emphasizing three main changes to come intended to better serve both consumers and small businesses.
Here’s our breakdown of the main highlights:
1: Credit Card Interchange Fee Caps To Take Effect
A main addition to the Code is the implementation of interchange fee caps this month, following MasterCard and Visa’s voluntary agreement to reduce fees to an average of 10 per cent last November. The Code now mandates that the fee reductions be passed down to merchants, with the hope that it will result in savings for consumers.
Also Read: Credit Card Interchange Fees Changes Coming to Canada>
“This will save money for job creators and will save money for consumers,” Oliver stated, adding the measures will “promote fairness in the credit card market and provide choice for consumers.”
Interchange fees are part of the processing fees merchants must pay each time a credit card transaction is made…
Canada’s five big banks appear to be dialling back their compensation packages, according to a study from consultancy McDowall Associates.
Don’t blame lower bank rates for higher household debt levels
– theglobeandmail.com
We should welcome banks and other lenders fighting it out to cut rates. Frankly, it’s the only thing home buyers have going for them as prices heat up in some cities
