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.
Latest News
It’s probably time you switched banks—4 easy steps for Canadians + MORE Jun 29th
When you opened your first bank account, chances are it was with the same financial institution your parents used—because, why not? And given how loyal Canadians are to their banks, there’s a good chance you’re still banking with the same institution. In fact, 70% of Canadians held the sa.... More »
Regulators Can Help American Workers Get the Credit They Deserve Oct 27th
Nonprime lending isn’t as risky as it’s made out to be, and fintech firms can help traditional banks..... More »
Is Wealthsimple’s new direct indexing worth it? Apr 2nd
Wealthsimple, the country’s largest and most aggressive fintech challenger to the big six banks, has been steadily rolling out new features over the past year, each aimed at giving retail investors access to tools that were once reserved for institutions or high-net-worth clients.
Back in Decem.... More »
The best TD credit cards in Canada 2020 + MORE Aug 21st
Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s most storied big five banks. It offers a wide array of financial services including an impressive portfolio of more than two dozen credit cards. We break down the best TD credit ca.... More »
The best GIC rates in Canada for 2024 Oct 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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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Lock in your mortgage now, before a possible rate hike
– moneysense.ca
OTTAWA — Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates in now, mortgage experts say.
James Laird, co-founder of interest rate-comparison website RateHub, says in order to stick with the variable option you need to be able to handle fluctuating rates.
“Rates might go up much faster than anyone is expecting and so if you’re right on the border of being able to afford your mortgage payment and you’re able to lock in an affordable payment for five years, you should definitely do that,” Laird said.
Recent comments by the Bank of Canada have prompted speculation that it may move to raise its key interest rate sooner than many economists had expected.
The central bank has kept the rate on hold at 0.5 per cent after cutting it twice in 2015 in an effort to boost the economy.
An increase in the Bank of Canada’s overnight rate target will prompt the country’s big banks to raise their prime rates, which will push the rate charged on variable rate mortgages higher…
James Laird, co-founder of interest rate-comparison website RateHub, says in order to stick with the variable option you need to be able to handle fluctuating rates.
“Rates might go up much faster than anyone is expecting and so if you’re right on the border of being able to afford your mortgage payment and you’re able to lock in an affordable payment for five years, you should definitely do that,” Laird said.
Recent comments by the Bank of Canada have prompted speculation that it may move to raise its key interest rate sooner than many economists had expected.
The central bank has kept the rate on hold at 0.5 per cent after cutting it twice in 2015 in an effort to boost the economy.
An increase in the Bank of Canada’s overnight rate target will prompt the country’s big banks to raise their prime rates, which will push the rate charged on variable rate mortgages higher…
Top 5 Ways to Splurge on a Budget
– ratesupermarket.ca
We all know that feeling that comes with a “great buy”. That feeling when we walk out of a store with a shiny new something-or-the-other to wear, use or simply admire. For some, that could be a new car or a trip. For others, a new pair of sunglasses does the trick. No matter the cost, sometimes a splurge just feels good. The feeling of happiness, however, can quickly be overtaken by dread as your credit card balance creeps higher and higher.
June 18 is National Splurge Day (yes, it’s a real thing!), but before you use it as an excuse to pick up that pair of designer shoes you’ve been eyeing, we’ve come up with a few ways to satisfy your splurge craving while sticking to a budget.
Go thrifting
Canadians spent $29 billion buying and selling used goods last year according to Kijiji’s Second-Hand Economy Index. Thrift-shopping may have been taboo five years ago, but it has now become commonplace to purchase used items from both storefronts or online marketplaces. Purchasing second hand means paying a fraction of the price for pieces that are like-new, or sometimes even brand new…
Four Principles for Replacing Dodd-Frank
– online.wsj.com
First, address incentives: Banks want to avoid costs and regulators tend toward the politically expedient.
