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 high-interest savings accounts in Canada for 2026 + MORE Apr 28th
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The best GIC rates in Canada for 2026 Apr 16th
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The best GIC rates in Canada for 2026 + MORE Apr 21st
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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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Fintech platforms outpace bank brokerages in new survey
– moneysense.ca
Fintech companies are leading in client satisfaction compared with self-directed brokerages at traditional banks, a new report shows. A JD Power survey on investor satisfaction found fintechs aren’t just winning on consumer satisfaction but are also perceived to be more innovative and equally trustworthy as traditional banks.
It found Wealthsimple ranked the highest in overall satisfaction among DIY investors with a score of 708 out of 1,000 points, followed by Questrade with 661 points. Self-directed brokerages from the six major banks ranked lower, with BMO InvestorLine coming in last with 585 points, not too far from Scotia iTRADE with 599 points.
Meanwhile, Edward Jones topped the list among advised investors with a satisfaction score of 726 points, followed by ATB Wealth and Raymond James, the report showed.
Digital investing fuels shift to human advice
Mike Foy, managing director of wealth intelligence at JD Power, said the survey reveals risks and opportunities for fintechs and traditional banks…
