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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Why banks want saving from themselves Sep 24th
(Shutterstock)
In about a month, Ed Clark, the CEO of TD Bank, will retire, bidding adieu to the company’s familiar green armchair for the last time. He’s had an impressive run. As the one-time head of Canada Trust, Clark engineered what was essentially a reverse takeover of the much larger Toro.... More »
The best GIC rates in Canada for 2025 + MORE Nov 10th
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 »
Moody’s warns Canadian consumers over record household-debt levels Aug 24th
Agency says card-loan performance in Alberta, Saskatchewan will be ‘illustrative first test’ of continuing strength of banks’ Canadian credit-card portfolios
.... More »
Could This Be The End of Credit Card Interchange Fees? + MORE Oct 29th
Did you know – each time a credit card is used to make a purchase in-store, a fee is charged to the merchant? Ranging from 1.5 per cent to 4 per cent, these charges – known as interchange fees – have long been a point of contention among retailers. The issue has plagued the Conser.... More »
How to Make the Most of RBC Rewards Oct 4th
Canadians love earning credit card rewards, so it’s no surprise that some of the largest programs out there today are run by Canada’s big 6 banks. In recent months, I’ve reviewed the rewards programs offered by both Scotiabank and BMO. Today it’s RBCs turn. In this article, I’ll cover ever.... More »
EU to fine banks billions of euros over rate rigging
– theglobeandmail.com
Fines will add to the spiralling cost to banks for cleaning up past misdeeds
TD partners with Loblaw on Ugo mobile wallet
– moneysense.ca
PC Financial and TD Canada Trust credit card-holders will soon be able to leave their cards at home and pay for groceries with their mobile phones. The two financial institutions say they will launch Ugo, a mobile wallet that lets users pay and collect PC Points at Loblaw-owned stores with just a tap of their Android or BlackBerry device, effective Spring 2014.
“We are excited to be teaming up with PC Financial to develop Ugo, the first collaboration of its kind between two Canadian banks,” said TD’s Teri Currie in a press release issued Wednesday. “We’re also thrilled to be able to offer one of Canada’s most popular retail loyalty programs by welcoming Loblaw as our first retail partner.”
Initially, Ugo users will only be able to load their TD Visa, PC Financial MasterCard and PC Points cards into the mobile wallet. However, eventually the plan is to allow Ugo users to add debit capabilities and bring other retailers and loyalty programs into the fold…
