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
Canada’s best balance transfer credit cards 2022 Nov 1st
If you carry a balance on a regular credit card, chances are you’re paying around 20% in interest. At that rate, it can become difficult to keep up with the payments and your debt can spike—fast. Moving your credit card debt to a balance transfer credit card can help you pay off the principal mo.... More »
The best 5-year fixed mortgage rates in Canada + MORE Jan 7th
Mortgage rate comparison tool
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
Why Hollywood Celebrities Are Petitioning Against a Canadian Bank Mar 23rd
Royal Bank of Canada’s financial support for the Coastal GasLink pipeline is generating some star-studded opposition.
More than 65 celebrities, including award-winning actors, directors and musicians, have joined Indigenous climate activists in signing a petition calling on RBC and its subsidia.... More »
The best GIC rates in Canada for 2024 Aug 26th
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 navigat.... More »
Canadian banks earnings reports Aug 28th
Big Bank earnings reports highlights
The third-quarter results are in.
National Bank of Canada (NA/TSX): Earnings per share of $2.68, and revenues of $3 billion.
Royal Bank of Canada (RY/TSX): Earnings per share of $3.09, and revenues of $14.63 billion.
Bank of Montreal (BMO/TSX): Earnings.... More »
Planswell Review: Free Financial Planning for Canadians
– canadianfinanceblog.com
These are exciting times to be a Canadian investor. In just a few years, advances in FinTech and AI have given Canadians at all income levels access to an array of financial products and services that are both convenient and affordable. It’s no wonder that traffic walking into the big banks is slowing to a crawl. On the investment front, robo-advisors have been at the leading edge of much of this change, and brands such as Wealthsimple and Nest Wealth are becoming household names.
Planswell is another one of those companies that have entered the robo-advisor space, offering low-cost investment portfolios that can be purchased and managed completely online. But Planswell isn’t all that comfortable with the robo-advisor label, and for good reason. To understand what drives Planswell, look no further than the name. The company was founded in 2016, on the principle that financial planning should be available to everyone, at a very low cost. In other words, Planswell eschews the model used by traditional financial planners, where advice often comes with high fees and a healthy dose of bias…
Planswell is another one of those companies that have entered the robo-advisor space, offering low-cost investment portfolios that can be purchased and managed completely online. But Planswell isn’t all that comfortable with the robo-advisor label, and for good reason. To understand what drives Planswell, look no further than the name. The company was founded in 2016, on the principle that financial planning should be available to everyone, at a very low cost. In other words, Planswell eschews the model used by traditional financial planners, where advice often comes with high fees and a healthy dose of bias…
