Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best high-interest savings accounts in Canada for 2025 + MORE Nov 24th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Canada’s best cash back credit cards 2022 Aug 31st
Cash back credit cards are an extremely popular type of rewards card in Canada. They’re easy to use, don’t require participation in loyalty programs, and they let you earn the most flexible reward of all—cash! When you make purchases with a cash back card, you get a percentage back. When you r.... More »
The best GIC rates in Canada for August 2023 Aug 29th
Investing
The best GIC rates in Canada for August 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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CBC, Radio-Canada to eliminate 800 jobs and some programming amid 'budget pressures' - National Post + MORE Dec 4th
CBC, Radio-Canada to eliminate 800 jobs and some programming amid 'budget pressures' National PostCBC/Radio-Canada to cut 10 per cent of workforce, end some programming as it faces $125M budget shortfall CBC NewsCBC says it is cutting 600 jobs, some programming as it slashes bu.... 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 Can You Get a Credit Card if You Have No Credit History?
– ratesupermarket.ca
Young Gen Z Canadians, ages 20 to 24, are leading the country in credit adoption, but many of them are experiencing barriers to getting credit cards, primarily because they have no credit history. Newcomers to Canada also lack Canadian credit history. What should young Canadians or recent immigrants do if they want to start using credit cards and have no credit history?
What do lenders mean when they say you have insufficient credit history?
Having no credit history doesn’t mean a low or zero credit score. Canada’s two credit bureaus, TransUnion Canada and Equifax Canada, keep records of credit use and assign credit scores ranging from 300 to 900. When you start using credit, your score will likely be in the mid-range of these numbers.
Insufficient credit history means you haven’t used credit enough for lenders to determine how likely you will be to pay your bills on time. Among people who’ve been using credit long enough to gain an account history, the longer accounts have been open, the less risk lenders perceive…
