Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
What Europe Can Learn From the U.S. Bank Crisis + MORE Mar 31st
Stress tests will not be credible until the European Stability Mechanism can directly recapitalize banks..... More »
The Great Canadian Debt Poll + MORE Feb 22nd
Debt in Canada is a growing issue – our nation’s debt load has hit $1.422 trillion, and the household debt-to-income ratio has reached 163.7 per cent! And that’s not slowing consumers down – a recent Equifax study found that non-mortgage debt has increased to $518.3 billion,.... More »
Making sense of the markets this week: October 2 Oct 1st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bears are beating the bulls this year, but don’t bulls always win?
As share prices continue to fall faster than earnings in almos.... More »
USDA to buy up to $13 million in canned pink salmon to help ease glut hurting Alaska fishermen + MORE Sep 3rd
JUNEAU, Alaska – The U.S. Department of Agriculture has agreed to buy up to $13 million in canned pink salmon to ease a glut that has weighed down prices for Alaska fishermen.
In July, Gov. Sean Parnell asked the USDA to buy $37 million worth of canned fish under a federal law that allows the .... More »
Credit Card Review: RBC Visa Infinite Avion + MORE Jun 6th
If you’re on the market for a high quality travel rewards option, the RBC Avion has likely crossed your radar. RBC’s flagship card packs a big sign up punch, offering 15,000 bonus points upon first purchase, and extensive travel benefits and insurance.
RBC’s biggest selling point is the insta.... More »
Hidden Bank Fees Top Complaint List For Consumers
– ratesupermarket.ca
What is the definition of a “good” bank? One that that doesn’t charge extra fees, according to Canadian consumers. A recent study released by Leger Marketing for PC Financial reveals 71 per cent of survey takers are fed up with hidden bank fees, saying they’re the biggest lender turnoff.
Another 42 per cent take issue with “surprise costs”, and no wonder – being charged to access your money adds insult to injury. If you’ve ever wondered why your chequing balance is lower than it should be, only to find a random “excess Interac” or “performance fee” on your usage statement, you can attest to the frustration.
Consumers Are Willing To Switch
While Canadians are known for being loyal and hesitant to switch from their home banks, the quest for fee-free banking is prompting a reversal of this behaviour – 83 per cent of consumers are heading online to seek out more affordable options. If you’re on the hunt for a new chequing account, be sure to check off the following:
How To Pick The Best Chequing Account
Is there a minimum balance? While most chequing accounts won’t require you to maintain a minimum balance, doing so may waive some fees and entitle the account holder to further perks…
Hidden Bank Fees Top Complaint List For Consumers
– ratesupermarket.ca
What is the definition of a “good” bank? One that that doesn’t charge extra fees, according to Canadian consumers. A recent study released by Leger Marketing for PC Financial reveals 71 per cent of survey takers are fed up with hidden bank fees, saying they’re the biggest lender turnoff.
Another 42 per cent take issue with “surprise costs”, and no wonder – being charged to access your money adds insult to injury. If you’ve ever wondered why your chequing balance is lower than it should be, only to find a random “excess Interac” or “performance fee” on your usage statement, you can attest to the frustration.
Consumers Are Willing To Switch
While Canadians are known for being loyal and hesitant to switch from their home banks, the quest for fee-free banking is prompting a reversal of this behaviour – 83 per cent of consumers are heading online to seek out more affordable options. If you’re on the hunt for a new chequing account, be sure to check off the following:
How To Pick The Best Chequing Account
Is there a minimum balance? While most chequing accounts won’t require you to maintain a minimum balance, doing so may waive some fees and entitle the account holder to further perks…
