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
Has ‘fixing’ Canada’s mortgage market made it riskier? Oct 28th
THE CANADIAN PRESS IMAGES/Sean Kilpatrick
Adam Farber has a practical, if slightly gory, view of his place in Canada’s mortgage market. “You come to me with an open wound,” he says. “You’ve been beaten up. I’m your last option.” Farber, the vice-president of Corwin Mortgage Capital in .... More »
Update! Tangerine Money-Back Credit Card Review Apr 22nd
Update, April 18, 2019:
Tangerine has announced that starting April 22nd, new Tangerine Credit Card Account holders can earn 4% Money-Back Rewards on purchases in up to three Money-Back Categories of their choice, for the first three months.
Looking to earn cash back on your daily expenditures? Do.... More »
4 Tips to Avoid the Post-Holiday (Financial) Hangover Jan 3rd
Christmas and New Year’s Day has already come and gone, leaving us to “look forward” to Blue Monday, the (unofficially) most depressing day of the year. In 2019, Blue Monday falls on Monday, January 21, and the day is calculated by factoring in things such as weather and, yes, deb.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? Jan 10th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
Cardi B. and Elon Musk Think We’re Headed for a Recession Jun 9th
Tesla CEO Elon Musk and rapper Cardi B. are sounding the alarm on the economy.
Last week, in an email to Tesla executives titled “pause all hiring worldwide,” Musk said he had a “super bad feeling” about the economy and told executives to cut 10 per cent of jobs at the company. (Sin.... More »
Apple Pay expands to Canada for Amex users
– moneysense.ca
NEW YORK, N.Y. – Apple’s year-old mobile-payments service is expanding to more countries, banks and merchants, as it faces growing competition and some challenges before it becomes as commonplace as plastic cards.
Apple Pay is available in Canada starting Tuesday and in Australia on Thursday. Those are two countries where “tap” payments — tapping a phone or chip-embedded card to the store’s payment machine — are already more common than in the U.S. In those countries, however, Apple Pay is limited initially to American Express cards.
In the U.S., where Apple Pay started in October 2014, the service will expand Tuesday to more than 100 additional card issuers — mostly smaller banks and credit unions. Apple Pay already accepts Visa, MasterCard, American Express and Discover cards from most major banks. In the U.K., Tesco and TSB banks will join Apple Pay on Tuesday.
The developments come a few months after Google launched its own tap-and-pay service, Android Pay, while Samsung started Samsung Pay…
Apple Pay is available in Canada starting Tuesday and in Australia on Thursday. Those are two countries where “tap” payments — tapping a phone or chip-embedded card to the store’s payment machine — are already more common than in the U.S. In those countries, however, Apple Pay is limited initially to American Express cards.
In the U.S., where Apple Pay started in October 2014, the service will expand Tuesday to more than 100 additional card issuers — mostly smaller banks and credit unions. Apple Pay already accepts Visa, MasterCard, American Express and Discover cards from most major banks. In the U.K., Tesco and TSB banks will join Apple Pay on Tuesday.
The developments come a few months after Google launched its own tap-and-pay service, Android Pay, while Samsung started Samsung Pay…
Greece struck a deal with European creditors Tuesday on economic measures it needs to make to get its next batch of bailout money, including a €10 billion ($14.3 billion Cdn) cash injection for its crippled banks.
Food banks in Alberta helped significantly more people this March compared to a year earlier, a major reason that national usage increased over the same month in 2014, according to a report released today.
