Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Mortgages from big banks consistently cost Canadians more, says rate comparison site + MORE Feb 12th
Mortgage rates from Canada's big banks were consistently more expensive than those offered by smaller lenders last year, according to the latest findings from LowestRates.ca..... More »
Canada’s best no-fee credit cards 2022 + MORE Nov 3rd
Some of the best things in life are free—so why should you expect any different from your credit card? Canada has an impressive array of no-fee credit cards that don’t charge cardholders an annual fee, while also delivering respectable rewards like cash back and travel points. Many of these no-f.... More »
Scotiabank defends practices to verify incomes before granting mortgages Sep 15th
TORONTO – Scotiabank is defending its income verification practices in light of a report that says Canadian banks allow foreign borrowers to qualify for mortgages without having to prove the source of their income.
A Globe and Mail report Wednesday said that Scotiabank’s (TSX:BNS) intern.... More »
Do you need mortgage life insurance? Sep 22nd
Ask MoneySense
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?
—Katerina
What is mortgage life insurance?
I’m glad.... More »
Canada’s Best Discount Brokerages 2015 May 12th
(MixAll Studio/Getty Images)
If you’ve ever assembled a piece of furniture you’ve probably used one of those all-in-one screwdrivers. You know, the kind that comes with a dozen different bits to fit every kind of screw, bolt and fastener. Sure, this little tool seems convenient, and it will get .... More »
Another Big Bank Handshake
– online.wsj.com
Regulators and giant banks agree to ignore contractual rights.Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses.
Carney’s FSB plan threatens future of too-big-to-fail banks
– theglobeandmail.com
FSB chairman Mark Carney outlines plans to compel big global banks to hold higher capital cushions
FSB proposes new bank rules to end ‘too big to fail’
– theglobeandmail.com
Banks may have to scrap dividends and rein in bonuses if they breach new rules
Get Huge Rewards With RateSupermarket.ca’s Credit Card Rewards Calculator
– ratesupermarket.ca
The holiday spending season is coming up quick – and if you’re overwhelmed by Christmas costs this year, you’re not alone. A study from Field Agent Canada finds each Canadian can expect to shell out $885 each for gifts, travel and the great roast beast. No wonder shoppers don’t feel festive about their finances this time of year!
Get Ready for the Holiday Rush
Are you prepared for the impending spend free-for-all? While it’s sweet to pay for the holidays in cash, the reality is many turn to credit to make their budgets possible.
Here’s a hot tip for those planning to use their plastic during the holiday rush: make sure your card earns some serious points.
No, we’re not talking brownie points with Santa; the credit card you’re using at this time of year should earn real value, whether in cash back or gas dollars, travel miles, or specialty rewards.
Not sure if your current credit card is up to the task? Check out RateSupermarket.ca’s newest tool: Our Ultimate Rewards Calculator!
Introducing… RateSupermarket…
