Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best GIC rates in Canada for 2024 Jul 16th
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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The best travel credit cards in Canada for 2024 + MORE Oct 21st
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Compare your travel card options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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Looking for a mortgage in B.C.? Don’t limit your options to the big banks Aug 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 »
Making sense of the markets this week: May 31, 2021 May 28th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Canadian banks attract investors—and criticism
The Canadian banks have started reporting first quarter earnings, and they’re off to a roaring start.
At the same time, th.... More »
Is now the time for retirees to sell stocks and buy GICs? Aug 2nd
Ask MoneySense
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
.... More »
Credit Card Perks: Extended Warranty and Purchase Protection
– ratesupermarket.ca
When you read up on the particulars of credit cards, you might notice the terms “extended warranty” and “purchase protection.” Sometimes referred to as extended protection, purchase security, or purchase assurance. Most glaze over these perks and focus on points or rewards associated with the credit card in question. However, extended warranties and purchase protection can come in handy and can save you money on big-ticket items.
Extended warranties operate alongside manufacturer warranties, and purchase protection provides assurance for theft and damage.
What is an extended warranty?
Often when you purchase a product, you will receive a complimentary manufacturer’s warranty. Extended warranties are available from your credit card provider to extend the manufacturer’s warranty, which provides the consumer with additional coverage. If you purchase a product that doesn’t have a manufacturer’s warranty, an extended warranty will not apply.
An extended warranty will only cover products purchased using your credit card…
Knowing Your Debts and Planning for Payments Post-Relief Efforts
– ratesupermarket.ca
The COVID-19 pandemic has changed many Canadians’ way of life. Unfortunately, some have lost their jobs or are working on reduced hours and, in turn, have had to rely on government support or their savings to help make ends meet.
According to the federal government’s 2019 Canadian Financial Capability Survey, 64% of Canadians have an emergency fund to cover expenses for three months. However, that means 36% don’t have as much saved. That will make it difficult when the time comes to pay bills over the next few months.
Managing debt
Several financial institutions have allowed customers in need to defer payments on mortgages, credit card balances, and loans for up to six months. On top of this, there are many other payments due in the near future, and you should be planning for when those financial relief measures end.
If you’re a homeowner, your property taxes may already be past due, depending on where you live. In Toronto, for example, the 60-day grace period has already expired…
