Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
How to manage and save money without a budget Oct 13th
“Stick to a budget” is one of the most common pieces of advice you’ll hear if you’re trying to save money. But not everyone wants to make decisions according to a spreadsheet—and there are many ways to manage your money that don’t involve a budget. Often, a simple, critical look at your .... More »
Banks unfazed by new Ontario rules on real estate Apr 21st
Canada’s largest banks are expected to absorb any impact of new legislation aimed at cooling the red-hot Toronto housing market
.... More »
TD Canada Trust Hikes Prime Mortgage Rate – What’s Next? + MORE Nov 4th
It was a move that came as a shock to some but not was not a surprise to others. On November 1st, TD Canada Trust became the first of the big five banks in Canada to raise its prime mortgage rate from 2.7 per cent to 2.85 per cent. The news comes only two weeks after the implementation of brand-new.... More »
Interest rate hike, new mortgage rules may trigger real estate market slowdown + MORE Jan 16th
TORONTO _ Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if an expected interest rate hike drives buyers to put off their home purchases, economists said Monday.
The Bank of Canada will make its firs.... More »
New Year, New Rate Trends + MORE Jan 13th
RateSupermarket.ca’s expert mortgage panel calls for rate rise despite bond dive
There may be uncertain times ahead for mortgage borrowers, as banks and policy makers deviate from economic norms when pricing interest rates. Fixed-rate borrowers have already witnessed a slight pricing increase fro.... More »
Pre Holiday Credit Card Debt Already at 2-Year High
– ratesupermarket.ca
By: Barry Choi
With Black Friday week marking the unofficial start to the holiday shopping season, many Canadians are hoping to get an early start on their spending. But how much money do they plan on dropping? The average is $1,551, according to a new study from BMO Financial Group.
Holiday spending doesn’t include just gifts anymore; according to the study, travel is now the biggest expense with the average person spending $686. Gifts, of course, are still a major part of the holiday season with people spending an average of $563, while entertainment accounts for $228.
Overall, planned spending is up just a touch compared to last year, but Canadians are now using a smart but potentially dangerous tactic to offset their costs.
Cutting Holiday Costs with Credit Card Rewards
Credit card rewards have always been appealing. By simply paying for your purchases with credit you can earn cash back, travel, or store credit rewards. The key is to pick a rewards credit card that suits your shopping habits so you can maximize your earnings potential…
