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?
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Will GIC rates keep going up in 2024? Dec 23rd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
Best FHSAs in Canada: What to know about the new first home savings account Mar 29th
First home savings account (FHSA) highlights
The FHSA is a type of registered account that allows you to contribute up to $8,000 annually, up to a lifetime limit of $40,000, to save for the purchase of your first home.FHSAs are scheduled to become available as early as April 1, 2023. However, availa.... More »
Central bank interest rate hikes begin to squeeze indebted consumers - Vancouver Sun + MORE Sep 7th
Vancouver SunCentral bank interest rate hikes begin to squeeze indebted consumersVancouver SunAnother house sold in Vancouver: Analysts say the future of the Metro market depends on the success of China's efforts to crack down on export of capital. Jonathan Hayward / THE CANADIAN PRESS. Share A.... More »
The best GIC rates in Canada for 2026 Feb 4th
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 »
Uber Releases an Amazing Credit Card… But Only to Americans Nov 8th
Image courtesy of Uber.com
It’s being called the “ultimate millennial credit card.”
But if you’re Canadian… you can’t have it. At least not yet.
Ride-sharing company Uber recently opened applications for its own rewards credit card. The Uber Visa promises competitive cash back rates and.... More »
A lofty plan to reduce food waste at U.S. Starbucks locations by donating it to food banks won’t be coming to Canada just yet, but some food banks here already have relationships with their local Starbucks.
