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
How to use your credit card responsibly + MORE May 30th
Credit cards are a part of everyday life. They’re a convenient and safe way to pay for your purchases, and they often come with perks and benefits. Plus, when you use a credit card responsibly, you can build up your credit score, which can help you access loans, mortgages or other types of credit.... More »
Wes Hall on the myths and realities of activist investing + MORE Jul 26th
Kingsdale Shareholder Services founder Wes Hall.(Portrait by Micah Bond)
When Wes Hall arrived on Bay Street nearly three decades ago, he was struck by how management placed a low priority on retail investors. “If you’re not happy, sell your stock,” was a typical response to their concerns, he.... More »
Do inflation-linked bonds make sense in an era of rising interest rates? Feb 23rd
For a long time, inflation-linked bonds like TIPs (Treasury Inflation-Protected Securities) in the U.S. or Government of Canada Real Return Bonds (RRBs) seemed like valid alternatives to nominal bonds for inflationary environments. If inflation ticks above certain levels, such bonds—or exchange-tr.... More »
The best GIC rates in Canada for 2026 Apr 8th
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 »
Canada’s best travel credit cards 2022 May 25th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
RBC and Scotiabank Credit Downgrades: What You Should Know
– ratesupermarket.ca
Canada’s banks were praised during the global financial crisis for being rock-solid – but times seem to have changed, as two of the nation’s biggest lenders, RBC and Scotiabank, recently took hits to their credit ratings.
Why have these lenders been downgraded? Should banking consumers be concerned? Here’s a breakdown of the factors behind the credit cut.
Also read: Moody’s Downgrades 6 Canadian Banks For Exposure to Consumer Debt>
RBC – Biting Off More Than It Can Chew?
Fitch Ratings, an international ratings agency that ranks the credit profile of companies, lenders and countries, revised its outlook downward from stable to negative for RBC – significant as the bank is the second largest of Canada’s financial institutions.
The ratings agency said it’s more pessimistic toward RBC as “future earnings volatility may be higher than Canadian bank peer averages as well as in comparison to similarly rated global financial institutions.”
In plain language, Fitch is concerned over RBC’s acquisition of City National Bank, a U…
RBC and Scotiabank Credit Downgrades: What You Should Know
– ratesupermarket.ca
Canada’s banks were praised during the global financial crisis for being rock-solid – but times seem to have changed, as two of the nation’s biggest lenders, RBC and Scotiabank, recently took hits to their credit ratings.
Why have these lenders been downgraded? Should banking consumers be concerned? Here’s a breakdown of the factors behind the credit cut.
Also read: Moody’s Downgrades 6 Canadian Banks For Exposure to Consumer Debt>
RBC – Biting Off More Than It Can Chew?
Fitch Ratings, an international ratings agency that ranks the credit profile of companies, lenders and countries, revised its outlook downward from stable to negative for RBC – significant as the bank is the second largest of Canada’s financial institutions.
The ratings agency said it’s more pessimistic toward RBC as “future earnings volatility may be higher than Canadian bank peer averages as well as in comparison to similarly rated global financial institutions.”
In plain language, Fitch is concerned over RBC’s acquisition of City National Bank, a U…
