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
LIBOR and CDOR Scandal: What Investors Should Know + MORE Mar 26th
About a year-and-a-half ago, LIBOR went from being an obscure acronym from the world of international finance, to the name associated with the latest in a series of global financial scandals. While regulators are still sorting out precisely what happened – and the full implications – there are.... More »
European Central Bank review could push weak banks to raise money, restructure + MORE Oct 25th
FRANKFURT – The European Central Bank on Sunday will reveal the results of a yearlong search through the books of Europe’s 130 biggest banks, a key part of the region’s effort to recover from its debt and economic crisis.
The review aims to weed out banks that are hiding financial .... More »
Britain’s top 10 U.K. banks may pay $9.2-billion a year in tax: study + MORE Sep 7th
The study conducted by accounting firm EY, said that a new surcharge on profits to be introduced by the British government will occur before an existing levy is phased out, which would hit some banks hard
.... More »
Thawing out: After a bitter winter, warmer spring temperatures are revitalizing the US economy + MORE Apr 22nd
WASHINGTON – Spring’s thaw is reviving the economy, too.
A recent batch of government and business reports show a U.S. economy emerging from winter’s deep freeze.
Economists had expected growth to accelerate in 2014 after two years of slow and steady improvement. But an unusually b.... More »
The best GIC rates in Canada for 2025 + MORE Jun 9th
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 »
Mismatched Credit Cards Cost Canadians Thousands
– ratesupermarket.ca
New RateSupermarket.ca Calculators Crunch Potential Savings From Switching
March 17, 2014: Toronto, Ontario – Carrying a mismatched credit card is akin to throwing away cash – and Canadians may be surprised to learn that annual fees and unnecessary features could be costing them more than a thousand dollars each year.
RateSupermarket.ca, Canada’s comprehensive financial rates comparison resource, found a card with non competitive features could cost a cardholder an extra $1,194 per year, based on a $6,000 balance and 19.90% annual interest rate.
Finding The Value In Switching
However, with so many credit card options available in the Canadian marketplace, consumers may be overwhelmed by their choices, especially when determining the true dollar value of selecting one credit card over another.
Now there’s a new tool available for those wondering how their credit card stacks up against the best on the market. RateSupermarket.ca’s Credit Card Rewards Calculator crunches the difference between a consumer’s current card, and the potential savings from switching to a market leading low interest or cash back rewards option…
