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.
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The best travel credit cards in Canada for 2024 Jul 12th
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The best travel credit cards in Canada for 2024
From points to perks, a good travel credit card can make your trip more affordable, more comfortable and even more secure.
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Questrade vs. Wealthsimple: which online investing service is right for you? + MORE Dec 6th
If you’ve decided to try out online investing and have narrowed down your choices to Wealthsimple and Questrade—congratulations! Both are solid Canadian options that can help you grow your money and achieve your investment goals.
But choosing between the two can be tricky. While the two financia.... More »
Motusbank Online Bank Launches With Low HELOC, Competitive GICs + MORE Apr 3rd
Motusbank, a subsidiary of Meridian Credit Union, has launched in Canada. First announced in February, a full range of banking and borrowing services are now available on its website, motusbank.ca.
As an online-only bank, Motusbank can be accessed via its mobile app on the Apple App Store and Googl.... More »
Canadians’ Spending Habits and Payment Preferences are Changing Jun 17th
According to a recent study by Payments Canada, the COVID-19 pandemic is changing Canadians’ spending habits. The study found that 62% of Canadians are using less cash, and 42% avoid shopping at places that don’t accept contactless payments altogether.
Moreover, 53% of consumers reported using .... More »
Gold, silver prices weaker, but look for traders to - Kitco NEWS + MORE Jan 31st
Gold, silver prices weaker, but look for traders to Kitco NEWSGold Prices Down Amid WHO's Comments on Virus Control, China Data Investing.comA bullish signal for Canada’s banks, the SNC-Lavalin rally isn’t over, and why gold is setting up for a fall The Globe and.... More »
Simplii Financial and BMO Warn of Data Breach; Customers Report Money Lost
– ratesupermarket.ca
If you bank with BMO or CIBC’s Simplii Financial, your account may have been compromised.
On Monday, both banks started to alert clients that “fraudsters” may have accessed sensitive account information. Simplii reported that up to 40,000 of their customers may have been affected while BMO declined to release an estimate.
Simplii was the first to come public with news of a data breach. The bank said it received a tip over the weekend that hackers had obtained account information from a limited amount of clients.
“We’re taking this claim seriously and have taken action to further enhance our monitoring and security procedures,” said Michael Martin, the bank’s senior vice-president, in a statement.
According to 680 News, a Simplii customer has already reported $2,889 being mysteriously withdrawn from her account. She also told 680 News that her personal information was changed and that she reported this incident to the RCMP.
Simplii says the investigation is continuing, and it will notify affected clients through all available channels…
Two Canadian banks warned Monday they have been targeted by hackers, and that the personal information of tens of thousands of customers may have been stolen — something that appeared to be confirmed in a letter to the media from someone who said they were demanding a $1-million ransom from the banks.
Simplii Financial and BMO Warn of Data Breach; Customers Report Money Lost
– ratesupermarket.ca
If you bank with BMO or CIBC’s Simplii Financial, your account may have been compromised.
On Monday, both banks started to alert clients that “fraudsters” may have accessed sensitive account information. Simplii reported that up to 40,000 of their customers may have been affected while BMO declined to release an estimate.
Simplii was the first to come public with news of a data breach. The bank said it received a tip over the weekend that hackers had obtained account information from a limited amount of clients.
“We’re taking this claim seriously and have taken action to further enhance our monitoring and security procedures,” said Michael Martin, the bank’s senior vice-president, in a statement.
According to 680 News, a Simplii customer has already reported $2,889 being mysteriously withdrawn from her account. She also told 680 News that her personal information was changed and that she reported this incident to the RCMP.
Simplii says the investigation is continuing, and it will notify affected clients through all available channels…
