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
What Negative Interest Rates Mean for Canadians Jun 1st
Even before COVID-19 began to dominate the collective consciousness, the possibility of negative interest rates garnered plenty of attention in the press. Just last year, in the midst of a U.S./China trade war, Donald Trump mused about the Federal Reserve heading into negative territory in order to .... More »
The close: TSX notches biggest gain in six weeks as banks, miners gain Apr 18th
Wall Street rallies in low volume led by banks, tech
.... More »
A Decline in House Prices Could Lead to an Increase in Mortgage Defaults + MORE Jul 10th
The COVID-19 pandemic has had a profound impact on the Canadian economy. While the number of new cases is now trending in the right direction in many parts of the country, the economic carnage will continue to be felt for some time. One area that is being closely watched is the real estate sector. .... More »
The 16 best credit cards in Canada for August 2023 + MORE Aug 16th
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The 16 best credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Hedging against inflation with dividend-paying stocks Apr 2nd
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
National Bank, BMO keep calm outlook on energy sector loans
– theglobeandmail.com
Analysts press big banks over optimistic outlook in first-quarter reports
New Interac TSP to Improve Tap Payment Security
– ratesupermarket.ca
For the last couple of years now the mobile wallet has been a hot topic in the financial services industry. Canadians have been intrigued by the idea of making payments with their mobile devices, but we’ve been slow to adopt this new technology.
To be fair, the technology still isn’t widespread, but the recently announced Interac Token Service Provider (TSP) will improve compatibility since financial institutions, merchants and Interac partners will be able to build a secure digital payment experience. This means that more Canadians will be able to make Interac purchases by tapping their smartphones.
Also read: 4 Myths Busted – Are Contactless Debit Payments Safe?>
How Will Interac TSP Help Canadians?
Despite the rise in credit card use, Interac still remains the most used payment brand with over 5 billion processed transactions made by Canadians last year. As technology changes, companies are looking to improve the customer service experience.
“The Interac TSP sets the foundation for digital debit payments in Canada ensuring consumers will continue to have the choice of paying with Interac products on any mobile device or wallet that supports it…
