Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
The best high-interest savings accounts in Canada for 2023 + MORE Jun 15th
Save
The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
Compare now
Tap the button for more details.
The rates i.... More »
Should you get that promo rate? Check out the fine print first Dec 17th
Some banks entice Canadians to open new accounts with the offer of a high but short-lived promotional interest rate. A generous interest rate might catch your eye, but there are a few things you should ask yourself before you sign up for a new chequing or savings account.
Should you switch bank a.... More »
The best GIC rates in Canada for 2025 + MORE Jul 22nd
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Stock news for investors: Big gains for Canada’s banks in Q1 Feb 27th
Here’s a round-up of news for Canadian investors this week.
Scotiabank
EQB
National Bank
BMO
RBC
TD
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savin.... More »
'All Eyes on TD,' US Probes as Canadian Bank Earnings Begin - Yahoo Finance + MORE May 22nd
'All Eyes on TD,' US Probes as Canadian Bank Earnings Begin Yahoo FinanceCanada’s Big 6 banks expected to report softer Q2 earnings Toronto StarTD Bank U.S. money laundering probes are focal point of bank earnings Financial PostBank Q2 results coming amid credit co.... More »
Making sense of the markets this week: May 24, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.Stocks could fall when the Fed fights inflation
How do the U.S. Federal Reserve and other central banks fight inflation? By increasing rates. And the fear is that inflation-fighting in 2021 will kill stocks.
Let’s back up a bit and look at how that works. As always, one of the greatest threats to stocks is bonds. Higher rates will increase borrowing costs to cool inflation and cool off the economy. By design, the rate increases could put a heavy lid on, or even reverse, economic growth.
In this post on Yahoo! Finance, hedge fund manager Dan Niles suggests that stocks could fall by 10% to 20% when we see those rate increases.
From that post…
“‘If you’ve got food prices, energy prices, shelter prices moving up as rapidly as they are, the Fed’s not going to have any choice,’ he said, predicting that the Fed could signal the beginning of a move to wind down its monthly $120-billion-a-month pace of asset purchases by this summer…
