Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Video: How the Bank of Canada’s interest rate affects you Apr 13th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
What to expect for GICs in 2024 Nov 21st
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
The best GIC rates in Canada for 2025 + MORE Jun 16th
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Canadian bank earnings forecast bright but housing, NAFTA cloud outlook + MORE Feb 20th
The forecast for Canada's biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say..... More »
Cut unnecessary costs with one simple change to your banking Dec 10th
If you’re like many Canadians, you view bank fees as a necessary expense, but this couldn’t be farther from the truth. Paying a small fee each month isn’t usually much trouble, but over a whole year, it can really add up. The good news is that affordable banking has never been more in .... More »
The Best Credit Cards to Use for the 2017 Holiday Season
– ratesupermarket.ca
There are exactly 25 shopping days left until Christmas, and whether you’re ahead of the game or behind on your shopping list, you may already be feeling some shopping lethargy. But don’t despair: depending on your preferred method of payment, you may be able to get rewarded for running around those stuffy, crowded malls or spending hours scrolling through online catalogues.
We present to you five of RateSupermarket.ca’s 2017 Best of Finance credit card winners that can reward you on each dollar you spend and make your Christmas morning just a bit brighter.
If you’re a student coming home for the holidays
Card of choice: BMO SPC® CashBack® MasterCard®
Though the holidays can pose as a stressful time for anyone, early December is an especially challenging time for a college or university student. Exam season can be mentally and physically taxing to say the least. And if money is tight and you’re looking for ways to cut costs, buying gifts for friends and family will be no easy feat with Christmas just around the corner…
Customers have increasingly moved away from physical bank branches towards online and mobile apps, but banking has yet to reach its ‘Uberization’” moment, one that breaks down traditional models to usher in new innovations, as Uber has done for the taxi industry.
