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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The best high-interest savings accounts in Canada for 2026 + MORE Mar 9th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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The best 5-year fixed mortgage rates in Canada May 26th
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International Vacation? Tips to Exchange Currency for the Best Rates + MORE Jul 31st
Whether it’s to the U.S. or elsewhere outside of Canada, your travel will mean transactions in another currency. You can get foreign cash before you leave, use local ATMs, put everything on your credit card, or depend on currency exchange brokers, to name a few. Here are the pros and cons of .... More »
What Is CDIC and How Does It Work? Mar 23rd
When you see the purple decal – this is what it means for your savings
For generations, Canadians have been able to place their trust in their financial institutions. In fact, during the global economic crisis of 2008, Canadian banks weathered the storm better than most and were the envy of fi.... More »
Judge rules Donald Trump committed fraud - CTV News + MORE Sep 26th
Judge rules Donald Trump committed fraud CTV NewsBREAKING: Judge finds Trump committed fraud in NY civil case MSNBCJudge rules Donald Trump defrauded banks, insurers while building real estate empire Toronto StarTrump Fraudulently Inflated Property Values, NY Judge R.... More »
CMHC Makes Dividend Payments to Government: What are They and Who do They Help?
– ratesupermarket.ca
Starting in 2017, the Canada Mortgage and Housing Corporation (CMHC) has been making both special and regular dividend payments to its shareholder, the Government of Canada. The largest sum was for $4-billion in June 2017, which was spread over two years. At that time they announced the implementation of a dividend framework, and have been making regular payments.
The framework, they say will ensure that CMHC effectively ‘manages its capital in relation to risk and pays dividends to the government when capital is in excess of levels required to deliver its objectives.’
This does not impact the government deficit as CMHC’s earnings are already consolidated into the government’s accounts.
For their part, CMHC says it continues to hold capital in line with its risk profile and in accordance with OSFI’s regulatory capital requirements.
CMHC is the main insurer of high ratio mortgages in Canada. If you put less than 20 percent down to buy a home, banks want a guarantee that they will still get their money if you were unable to make the payments…
Motusbank Online Bank Launches With Low HELOC, Competitive GICs
– ratesupermarket.ca
Motusbank, a subsidiary of Meridian Credit Union, has launched in Canada. First announced in February, a full range of banking and borrowing services are now available on its website, motusbank.ca.
As an online-only bank, Motusbank can be accessed via its mobile app on the Apple App Store and Google Play. App users can check balances, transfer funds, and deposit cheques; Apple Pay and Google Pay, however, are not supported. Statements and other documents are available only on desktop.
The main appeal of Motusbank lies in its competitive mortgage rate and simple online application. Fixed-rate mortgages are available with terms ranging from six months to five years; variable-rate mortgages all have five-year terms. The bank is currently advertising a 3.09 percent interest rate for closed fixed-rate mortgages with terms ranging from one year to five years; the same rate also applies to its closed variable-rate mortgages.
Given the current crop of online-only banks, which offer many of the same services and advantages, Motusbank is making a direct play for home buyers who are shopping for the lowest rates and don’t want to spend time haggling…
CMHC Makes Dividend Payments to Government: What are They and Who do They Help?
– ratesupermarket.ca
Starting in 2017, the Canada Mortgage and Housing Corporation (CMHC) has been making both special and regular dividend payments to its shareholder, the Government of Canada. The largest sum was for $4-billion in June 2017, which was spread over two years. At that time they announced the implementation of a dividend framework, and have been making regular payments.
The framework, they say will ensure that CMHC effectively ‘manages its capital in relation to risk and pays dividends to the government when capital is in excess of levels required to deliver its objectives.’
This does not impact the government deficit as CMHC’s earnings are already consolidated into the government’s accounts.
For their part, CMHC says it continues to hold capital in line with its risk profile and in accordance with OSFI’s regulatory capital requirements.
CMHC is the main insurer of high ratio mortgages in Canada. If you put less than 20 percent down to buy a home, banks want a guarantee that they will still get their money if you were unable to make the payments…
Motusbank Online Bank Launches With Low HELOC, Competitive GICs
– ratesupermarket.ca
Motusbank, a subsidiary of Meridian Credit Union, has launched in Canada. First announced in February, a full range of banking and borrowing services are now available on its website, motusbank.ca.
As an online-only bank, Motusbank can be accessed via its mobile app on the Apple App Store and Google Play. App users can check balances, transfer funds, and deposit cheques; Apple Pay and Google Pay, however, are not supported. Statements and other documents are available only on desktop.
The main appeal of Motusbank lies in its competitive mortgage rate and simple online application. Fixed-rate mortgages are available with terms ranging from six months to five years; variable-rate mortgages all have five-year terms. The bank is currently advertising a 3.09 percent interest rate for closed fixed-rate mortgages with terms ranging from one year to five years; the same rate also applies to its closed variable-rate mortgages.
Given the current crop of online-only banks, which offer many of the same services and advantages, Motusbank is making a direct play for home buyers who are shopping for the lowest rates and don’t want to spend time haggling…
