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?
Latest News
The best high-interest savings accounts in Canada for 2024 + MORE Aug 6th
Save
The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
Compare now
Tap the button for more details.
W.... More »
The best GIC rates in Canada for 2025 Apr 21st
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 »
Making sense of the markets this week: April 2, 2023 Mar 31st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Freeland fires again at Canadian Banks
There are several big-picture looks at the important aspects of the Canadian federal budget .... More »
Making sense of the markets this week: November 27, 2022 Nov 26th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
Best Canadian Bank Stocks: Where to Invest in Canadian Financial Services in 2021 Nov 15th
When it comes to the stock market, there are no guarantees. But Canadian banks are about as close as it gets. They’ve led the way for years, generating huge profits, stable earnings growth, and consistent dividend payouts. But with several banks to choose from, Canadian investors might be wonderin.... More »
Credit Card Rewards Redemptions Are Surging During COVID-19
– ratesupermarket.ca
The number of Canadians redeeming credit card points for everyday purchases is surging during the pandemic, according to a study by CIBC. Typically, Canadians would use their credit card points to travel this time of year. However, COVID-19 continues to restrict border crossings and flights, which is causing an unusual trend in credit card redemptions.
CIBC is one of the five largest banks in Canada and is a global institution that has over 10 million personal, business, institutional and public sector clients. The bank’s recent study reviews the redemption of CIBC Aventura rewards points between March and June 2020. The study found an immense increase in the redemption of points for merchandise and gift cards.
“While travel redemption is down significantly, clients are finding value in the flexibility of using their Aventura points where it matters most to them in this environment,” Jennifer Davidson, the Vice President of Cards Products at CIBC, said in a press release.
Additionally, CIBC suggests that credit card rewards redemptions for electronics and house and home improvement categories are up by 72%…
Credit Card Rewards Redemptions Are Surging During COVID-19
– ratesupermarket.ca
The number of Canadians redeeming credit card points for everyday purchases is surging during the pandemic, according to a study by CIBC. Typically, Canadians would use their credit card points to travel this time of year. However, COVID-19 continues to restrict border crossings and flights, which is causing an unusual trend in credit card redemptions.
CIBC is one of the five largest banks in Canada and is a global institution that has over 10 million personal, business, institutional and public sector clients. The bank’s recent study reviews the redemption of CIBC Aventura rewards points between March and June 2020. The study found an immense increase in the redemption of points for merchandise and gift cards.
“While travel redemption is down significantly, clients are finding value in the flexibility of using their Aventura points where it matters most to them in this environment,” Jennifer Davidson, the Vice President of Cards Products at CIBC, said in a press release.
Additionally, CIBC suggests that credit card rewards redemptions for electronics and house and home improvement categories are up by 72%…
