The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
Canadians unhappy with banks over fees and fairness, survey suggests Aug 27th
Canadian banks are failing to meet the expectations of 75 per cent of their customers, according to a survey from bank technology company FIS..... 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 »
Excuse me, you bought what? + MORE Sep 20th
(Illustration by Josh Holinaty)
If the idea of negative interest rates sounds screwed up to you, it should. On the one hand we have central bankers in Europe and Japan lowering their lending rates into negative territory, which means they charge the major banks money just to hold their reserves over.... More »
Credit card mistakes millennials are making Dec 19th
It seems that cost-conscious millennials are so down on being in debt that many are avoiding credit cards altogether. But in doing so they’re missing out on the opportunity to start building a credit history, which is crucial for securing loans, renting apartments and getting the best insurance ra.... More »
Review: MBNA Platinum Plus MasterCard® Jul 6th
Tired of paying sky-high interest on your credit card balance? Here’s a way to take a break – for an entire year! The MBNA Platinum Plus MasterCard® credit card is our Best of Finance 2015 winner for best low balance transfer credit card. It offers a 0% rate for 12 months on balances moved ove.... More »
Despite clouding outlook, Canadian banks have plenty of room to manoeuvre
– theglobeandmail.com
If income sputters, banks can cut costs and spare investors pain
Switching Your Credit Card? Consider These Top 5 Travel Credit Cards
– ratesupermarket.ca
Are you an avid collector of travel rewards credit card points? If so, you could benefit from an impending market shakeup and onslaught of new earning options. As CIBC and TD continue their negotiations over the popular Aeroplan program, other lenders are stepping up to the plate with sweetened travel reward options, hoping to entice consumers currently caught between the big banks.
While any consumer would be frustrated by the circumstances, the situation does present a silver lining – the opportunity to reevaluate their rewards and switch to their best option. And, with so many great options offered by lenders, there’s never been a better time to trade in a card that’s slow to earn and hard to redeem.
Penelope’s Picks for the Best Travel Credit Cards for Consumers Who Want No Limits
While Canadians are big fans of earning points on their spending habits, travel-specific rewards have garnered a bit of a bad rap in the past – and no wonder! We’ve all heard horror stories about very restrictive reward redemption, flight blackout periods and unhelpful customer service…
Royal Bank of Canada added its name to the list of big Canadian banks reporting improved earnings in the third quarter, but Toronto-Dominion Bank said its profits dropped because of losses in its insurance unit.
Canada’s Big Five Banks Didn’t Disappoint, Reporting Strong Earnings across the Board
– blogs.wsj.com
Canada’s major banks posted strong third-quarter results, topping analysts’ expectations despite worries that heavily mortgaged Canadians and rising house prices would hurt their domestic lending businesses.
Switching Your Credit Card? Consider These Top 5 Travel Credit Cards
– ratesupermarket.ca
Are you an avid collector of travel rewards credit card points? If so, you could benefit from an impending market shakeup and onslaught of new earning options. As CIBC and TD continue their negotiations over the popular Aeroplan program, other lenders are stepping up to the plate with sweetened travel reward options, hoping to entice consumers currently caught between the big banks.
While any consumer would be frustrated by the circumstances, the situation does present a silver lining – the opportunity to reevaluate their rewards and switch to their best option. And, with so many great options offered by lenders, there’s never been a better time to trade in a card that’s slow to earn and hard to redeem.
Penelope’s Picks for the Best Travel Credit Cards for Consumers Who Want No Limits
While Canadians are big fans of earning points on their spending habits, travel-specific rewards have garnered a bit of a bad rap in the past – and no wonder! We’ve all heard horror stories about very restrictive reward redemption, flight blackout periods and unhelpful customer service…
