Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for 2025 Apr 14th
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The best high-interest savings accounts in Canada for 2026 + MORE May 11th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an.... More »
Where Are Global Interest Rates Headed? + MORE Apr 2nd
Our global roundup of how the second quarter could play out for central banks around the world..... More »
To Spend or Not to Spend: What to Do with Your Travel Rewards Points Amid a Global Pandemic May 11th
Travel came to a screeching halt in the second week of March. Since then, travel programs and third-party providers have been working with members to reimburse rewards and cancel itineraries. Cardholders are without a choice but to postpone their upcoming vacations indefinitely. But that doesn’t .... More »
Bank CEOs say their Caribbean operations stand to benefit from cheaper oil Jan 18th
TORONTO – A combination of lower oil prices and cost-cutting is poised to help improve the Caribbean operations of some of Canada’s biggest banks, a region where they have struggled for years.
While they brace for loan losses and lower revenues in Western Canada due the plunge in oil, th.... More »
Russia’s ruble down 7 per cent after report shows economy shrinking for first time since 2009
– canadianbusiness.com
MOSCOW – The Russian currency extended its losses on Monday after a report showed the economy has started shrinking in annual terms for the first time since 2009 as the country is buffeted by falling oil prices and Western sanctions.
Meanwhile, the government, which has been scrambling to support the ruble and the economy, announced fresh steps to keep the banks afloat.
The ruble has been one of the world’s worst performing currencies this year and was down another 5 per cent on Monday, trading at 56 rubles per dollar in early afternoon in Moscow, wiping off some of the gains it made last week.
The fall came as the Economic Development Ministry issued a report showing the economy shrank by 0.5 per cent in November compared with a year earlier. The ministry attributed the year-on-year decline in the economy, Russia’s first in five years, to a sharp drop in manufacturing and investment.
The economy has been buffeted by a combination of lower prices for the country’s crucial oil exports and the impact of Western sanctions…
Meanwhile, the government, which has been scrambling to support the ruble and the economy, announced fresh steps to keep the banks afloat.
The ruble has been one of the world’s worst performing currencies this year and was down another 5 per cent on Monday, trading at 56 rubles per dollar in early afternoon in Moscow, wiping off some of the gains it made last week.
The fall came as the Economic Development Ministry issued a report showing the economy shrank by 0.5 per cent in November compared with a year earlier. The ministry attributed the year-on-year decline in the economy, Russia’s first in five years, to a sharp drop in manufacturing and investment.
The economy has been buffeted by a combination of lower prices for the country’s crucial oil exports and the impact of Western sanctions…
Exporters: Receivables insurance can make the banks sit up and take notice
– theglobeandmail.com
Once a guarantee of payment was in place, banks were more willing to lend money, RtTech, a globally focused software firm, found
