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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Worried about your credit rating? Avoid these 5 credit card mistakes + MORE Oct 26th
You don’t think about your credit rating opening doors for you—until it abruptly swings one shut. However, in order to appreciate what you could do differently to improve your credit rating, it helps to understand what exactly that is.
Find your next credit card*
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The best GIC rates in Canada for 2025 Nov 3rd
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 navigate m.... More »
PayPal is going after the big banks Apr 14th
Online payment firm PayPal will soon offer basic banking options to its customers — a move that could be a nightmare for traditional banks..... More »
Wealthsimple Crypto Review: Cryptocurrency Investing Made Easy Apr 23rd
In July 2020, Wealthsimple unveiled the upcoming Wealthsimple Crypto, and with that, Canada’s leading Robo-advisor officially entered the cryptocurrency trading game. In this full review, I’ll cover everything you need to know, and hopefully answer any questions you have.
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Four in 10 Canadians Say They are Victims of Identity Theft Mar 21st
Identity theft is an intricate crime, but its cause is very simple: Ignorance, Lack of Awareness and easy availability of vulnerable information.
According to a recent study conducted by Equifax Canada, attempts of credit card fraud have increased by 42 percent over the last two years. Suspected tru.... More »
As the Bank of Canada offers its update on the economy and Canada’s biggest commercial banks release results, here are five reasons why some economists say Canada’s economy has turned gloomy again.
Report: European banks to struggle, may need to cut costs
– canadianbusiness.com
FRANKFURT – European banks are likely to struggle to make profits in months ahead and may need to cut costs, merge or change their business strategies to return to solid health, a report said Tuesday.
In its review of financial stability in the 19-country eurozone, the European Central Bank said the region’s banking system had weathered volatility in markets at the start of the year. But it said “euro area banks continue to be confronted with an outlook of low profitability,” weighed down by low interest rates, a tepid recovery in the euro countries, and by large numbers of bad loans in some countries.
The ECB, which is responsible for overseeing banks as well as interest-rate policy in the eurozone, warned that some banks may need to cut costs further or merge with other banks.
Some banks might need to shift their business models to different activities to make money in the current environment.
Bank earnings are under pressure from new regulations forcing them to set aside bigger capital cushions and reduce risky activities to avoid another financial crisis…
In its review of financial stability in the 19-country eurozone, the European Central Bank said the region’s banking system had weathered volatility in markets at the start of the year. But it said “euro area banks continue to be confronted with an outlook of low profitability,” weighed down by low interest rates, a tepid recovery in the euro countries, and by large numbers of bad loans in some countries.
The ECB, which is responsible for overseeing banks as well as interest-rate policy in the eurozone, warned that some banks may need to cut costs further or merge with other banks.
Some banks might need to shift their business models to different activities to make money in the current environment.
Bank earnings are under pressure from new regulations forcing them to set aside bigger capital cushions and reduce risky activities to avoid another financial crisis…
A federal Appeals Court in New York City has reinstated lawsuits against 16 of the world’s largest banks, including the Royal Bank of Canada, alleging they colluded to manipulate a benchmark interest rate.
