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?
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Looking for a mortgage in B.C.? Don’t limit your options to the big banks Nov 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
The best GIC rates in Canada for 2024 Jun 25th
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The best GIC rates in Canada
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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 »
Top 100 dividend stocks in Canada 2024 Jan 11th
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Top 100 Dividend Stocks
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Top 100 dividend stocks in Canada
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The best GIC rates in Canada for 2024 + MORE Jun 10th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Why trust us
MoneySense is an award-winning magazine,.... More »
You’ve probably used an Interac e-Transfer to pay a friend back for dinner, split the rent with a roommate, send birthday money to your nephew or put money into your account at another bank. This service is quick and convenient if you’re a customer at a major bank or a credit union—but if you sign up with a neobank or fintech, your e-transfer options are generally more limited. You might not get the same nearly instant processing time or be able to transfer as much money as you want to.
That may change in the near future. On Sept. 29, Interac announced that it is expanding access to e-Transfer services among different types of financial institutions in Canada. Wealthsimple is the first of these to be “provisionally accepted.” Before the announcement, only federally licensed financial institutions (like banks), provincially licensed credit unions and some challenger banks were direct participants in Interac e-Transfer services, says Will Keliehor, Interac’s chief commercial officer…
