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
Is bitcoin a good investment? A guide for Canadian investors Jul 28th
The dramatic rise and spectacular fall of bitcoin prices over the past few months grabbed front-page headlines across the world and touched off a social-media frenzy. Understandably, the crash rattled the crypto sphere. However, dyed-in-the-wool bitcoin bulls are quick to point out the volatility is.... More »
Should You Give Your Teen a Credit Card? Dec 16th
Over one-third of Canadians share a joint credit card with their partner, parent, or child, according to a recent survey conducted by Rates.ca. Among the parents who share their credit card with their children, 63% said that managing their children’s purchases is less difficult than it was two ye.... More »
The best credit cards in Canada for 2023 + MORE Sep 15th
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The best credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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How to build a core couch potato portfolio Sep 4th
You can build a couch-potato portfolio in three simple ways—using index mutual funds, index ETFs, or asset-allocation ETFs.
But before we dive into these further, an important note. The following options are meant to illustrate sample portfolios and do not constitute financial advice. If .... More »
Police believe they know where to find bodies of 3 missing hikers at Shannon Falls - CBC.ca + MORE Jul 4th
CBC.caPolice believe they know where to find bodies of 3 missing hikers at Shannon FallsCBC.caThe search for three missing hikers at Shannon Falls, near Squamish, B.C., is now a recovery effort, according to RCMP. Police released few details on Wednesday morning, but Cpl. Sascha Banks confirmed sear.... More »
Robo-advisory firms shake up The City
– theglobeandmail.com
As technology pioneers claim chunks of the investment advisory market, banks will be forced to respond – and likely with buyouts
Federal Government to Assess Credit Card Interchange Fees
– ratesupermarket.ca
Canada’s federal government has announced that it will be taking action to mediate a rising issue between Canada’s biggest credit card companies and the merchants they serve.
In November 2014, Visa and MasterCard were asked by the federal government to lower fees charged to those who host their services. The companies were told to produce proof of compliance within two years’ time, or face the possibility of the government taking over and setting rates.
Now, both companies have put out releases saying their audits show them to be in compliance. However, neither has released the audits to the public.
As a result, finance minister Bill Morneau says the government will conduct further assessment of these merchant fees charged by credit card networks, and review any effects from the fee reductions. However, the timeline in which they plan to conduct the assessment is unclear.
Canada’s Interchange Fees among Highest in World
Interchange fees – also commonly called merchant fees – are not seen by the consumer…
Review: Tangerine Money-Back Credit Card
– ratesupermarket.ca
Looking to earn cash back on your daily expenditures? Don’t want to pay an annual fee? Enter the Tangerine Money-Back Credit Card, which was introduced in early 2016 following a successful trial run involving 32,000 existing Tangerine clients. The card, which brings a new level of choice to consumers, has created quite a buzz for its unique and flexible rewards structure. Is it right for you? Let’s take a look at the fine print.
Card Details
The no-fee card gives cardholders the ability to choose where they earn the most rewards. Unlike similar cash back options which offer top earnings on gas and groceries only, Tangerine cardholders select their two favourite spending categories to max their Money-Back Rewards, including:
Restaurants
Grocery
Gas
Entertainment
Home Improvement
Furniture
Hotel-Motel
Recurring Bills
Drug Store
Public Transport and Parking
Purchases made within the selected categories will earn 4% on the dollar for the first three months (2% after that), with 1% earned on all other spending…
The Fed's Stress Tests Need to Be Transparent
– online.wsj.com
Banks are being judged by secret models, in violation of the law that governs agency rule-making.
