Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
When a bank’s not a bank: How fintech—and neobanks in particular—are transforming banking in Canada + MORE Jan 19th
Neobanks and challenger banks are fintech (financial technology) firms that offer banking services, usually online only. These digital upstarts offer alternatives to the mainstream banking products and services we’re accustomed to.
The Canadian banking system is known worldwide for its strength.... More »
Winnipeggers react to American liquor returning to the shelves - CityNews Winnipeg + MORE Dec 11th
Winnipeggers react to American liquor returning to the shelves CityNews WinnipegSome provinces are selling U.S. booze again — with a holiday twist. Is yours one of them? CBCFord government mulls what to do with blacklisted American booze Toronto StarFord say he’l.... More »
How to invest in cryptocurrency (without losing your shirt) Jan 29th
I have until now not written about the ongoing cryptocurrency boom—but, given the spectacular rise of bitcoin in the last few months, and last week’s subsequent correction, decided it was time.
Upfront, I should disclose I personally started to dabble in this asset class for the first time in th.... More »
Is now the time for retirees to sell stocks and buy GICs? Mar 4th
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
Are GICs a good.... More »
The best GIC rates in Canada for 2025 Mar 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 navigat.... More »
Holiday Spending out of Control? Manage It Well for a Healthy Financial New Year
– ratesupermarket.ca
The holidays were glorious and brilliant, but the new year is here and so are the bills. You’re not alone if your credit card balances soared and bills are piling up. We’ve put together some tips to help you recover smoothly and avoid another spending hangover in the new year.
Give Your Credit Cards a Holiday
Your credit cards probably worked overtime over the holiday season, so now is the time to give them a rest. Put them away physically and turn off credit payment apps on your phone. Use a debit card or cash to pay for essentials and pay bills directly from your bank account. This way, you’ll get an accurate picture of your basic needs and expenditures.
If you’ve found yourself in a debt hole, the first step is to reduce the amount of interest you’re paying. Low balance transfer credit cards allow you to move the existing balance of one credit card to another. While your debt still exists, you are paying it off with another card with a lower interest rate.
Some balance transfer cards can have interest rates as low as 0%, for example, the MBNA True Line® Mastercard®…
