Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Why do we rely on UK to disclose Canada’s pay inequity? Apr 7th
We have recent British legislation to thank for providing a glimpse into the grim reality that Canadian banks operating across the pond have a big gendered wage gap. UK data, compiled this week by Bloomberg News, summons more evidence, as if more is required, that transparency, both legislatively an.... More »
New law proposed to shift bank failure risk from taxpayers Mar 23rd
Canada will introduce legislation to implement a "bail-in" regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors..... More »
The best GIC rates in Canada for 2026 + MORE Jan 30th
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 »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 30th
Savings comparison tool
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.
Advertisement
Why trust us
MoneySense is an.... More »
Bank of Canada says it won’t use blockchain for interbank payment system + MORE May 25th
Central banks says the technology isn’t compatible with their system
.... More »
Despite radical strategies, central banks have failed in their goal of reigniting inflation. One school of analysis says large fiscal spending in this month’s budget will accomplish what Bank of Canada governor Stephen Poloz cannot, and that a soaring deficit is a small price to pay.
Next question for the ECB: How much good will it do?
– macleans.ca
(Ralph Orlowski/Reuters)Update: The ECB cut main interest rate to 0% and cut deposit rate to -0.4%.
FRANKFURT — How far will Mario Draghi and the European Central Bank go to boost inflation and a shaky economy?
Market participants are waiting for the bank rate decision and president’s news conference Thursday to find out.
Economists predict that the ECB’s 25-member governing council will follow through on Draghi’s comments in recent weeks that have been interpreted as a near-promise of more stimulus.
The question is, how much more? And how much good will it do?
Market analysts expect the ECB to cut the interest rate on overnight deposits left with it by commercial banks from minus 0.3 per cent to minus 0.4 or even minus 0.5 per cent. The negative rate is a drastic step aimed at forcing banks to lend cash rather than sit on it.
The council could also increase the bank’s 60 billion euros ($66 billion) in monthly bond purchases by as much as 20 billion per month…
INFOGRAPHIC: How to Fly for Free – Insider Tips
– ratesupermarket.ca
RateSupermarket.ca travel rewards guide will help Canadians take flight faster despite low loonie
Is a weaker Canadian dollar clipping travelers’ wings? Would-be vacationers could find themselves paying 30 per cent more for their warm-weather getaways this year; as the loonie hovers around $0.75 USD, three-quarters admit the weak currency has impacted their trip plans.
Related Read: Travel in Canada Grows Due to Weak Loonie>
But cash-strapped travelers needn’t settle for a staycation, as a number of travel rewards credit cards can effectively offset travel costs according to RateSupermarket.ca, Canada’s comprehensive rate comparison resource.
However, using plastic to fund a vacation can be a point of confusion. “While there are a number of fantastic travel offers available in today’s market, many Canadians aren’t aware of travel rewards best practices,” says Penelope Graham, Editor at RateSupermarket.ca. “There continue to be misconceptions around the true value of rewards, and how to effectively earn and redeem them…
