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?
Latest News
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 »
At the open: TSX flat as energy stocks fall, banks push higher + MORE Jan 18th
Strong China data cranks up pressure on bond markets
.... More »
Need a Loan ASAP? Don’t Stress. Get Pre-Approved in Minutes Jun 24th
Looking for a personal loan? Let’s face it, circumstances can change unexpectedly. And, an emergency can pop up at the worst possible time. From an unexpected home improvement bill or tax liability to your kids asking for a loan, don’t stress it. Personal loans are a way to obtain the m.... More »
Pros and Cons of Opening a Joint Bank Account Apr 17th
If you’ve recently been married or entered a committed relationship, you may wonder if it’s a good idea to join your banking with your spouse or partner. Perhaps you’ve discussed the idea with them, but you’re unsure if it’s better to open joint bank accounts or keep yo.... More »
Should You Apply For a Loan or Line of Credit? + MORE Apr 8th
Banks offer a variety of products to give you access to cash. But is every borrowing option the same? If you’re weighing the alternatives, you may struggle with the choice between a loan and line of credit. Only you can decide what’s best for you, but there are some factors to consider..... More »
Monthly fee for identity theft protection? Not worth it
– moneysense.ca
Canadians rattled by the massive Equifax data breach may turn to credit monitoring and anti-identify theft services for peace of mind, but in most cases they’ll be paying more for what is presently available for little or no cost, according to experts.
Consumers can already contact the two main credit bureaus, Equifax and TransUnion, by mail, fax or telephone to receive a physical copy of their credit report, or access it online, usually for a fee. The Financial Consumer Agency of Canada recommends requesting from one bureau, then waiting six months before ordering from the other.
READ: Equifax revises number of Canadians affected by hack
It also warns that fraudsters may offer free credit scores in an attempt to share your personal information —adding to the complexity of the existing web of credit monitoring services.
However, amid an increasing number of high-profile cyberattacks in recent years, Equifax, TransUnion and some Canadian banks and fintechs have introduced identity theft protection and credit monitoring services…
Consumers can already contact the two main credit bureaus, Equifax and TransUnion, by mail, fax or telephone to receive a physical copy of their credit report, or access it online, usually for a fee. The Financial Consumer Agency of Canada recommends requesting from one bureau, then waiting six months before ordering from the other.
READ: Equifax revises number of Canadians affected by hack
It also warns that fraudsters may offer free credit scores in an attempt to share your personal information —adding to the complexity of the existing web of credit monitoring services.
However, amid an increasing number of high-profile cyberattacks in recent years, Equifax, TransUnion and some Canadian banks and fintechs have introduced identity theft protection and credit monitoring services…
Drop and Carrot: How to Gain Rewards for Not Doing Much
– ratesupermarket.ca
Sometimes, the potential to earn free stuff is just too good to let up, which is why your keychain is likely filled with dozens of membership key tags. There are so many different rewards programs out there – store rewards, credit card rewards, restaurant rewards – and it may feel impossible to stick to just a few.
Does your wallet look like this?
They all seem great at first, and the sign-up process may be easy, but some programs then require you to spend money or do additional work before you can reap the benefits. That’s why it’s important to educate yourself on the program before taking the time to sign up. While some people may be willing to put in the work and wait, fortunately, there are a few passive reward programs that don’t require you to do much.
As of late, two of the most popular reward points programs are Drop and Carrot – mobile apps that allow you to choose what type of rewards you earn with what seems like no (or very little) extra work required on your end…
Canada’s marijuana industry banks on BMO and TD
– theglobeandmail.com
Even with legalization on the horizon, RBC and Scotiabank still just say no to doing business with burgeoning cannabis sector