Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
When is open banking coming to Canada? Ottawa says “at the earliest opportunity” Jun 19th
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled.
Open banking or consumer-driven banking, as Ottawa calls it, is about allowing Canadians and businesses to secure.... More »
Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit Jan 18th
Canada's biggest bank has cut its five-year fixed-term mortgage rate, a move other banks are likely to try to match in short order..... More »
The best TFSAs in Canada for 2024 Nov 30th
Featured TFSA Accounts
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TFSA savings account
Earn 2.50% interest tax fee tax-free interest with flexible withdrawals and zero fees.
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The best GIC rates in Canada for 2025 + MORE Jan 19th
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 »
Do you invest too much in Canada? Nov 11th
Canada is the second-largest country in the world. But is there such a thing as too much Canada?
Too much natural beauty, no. Too much poutine, never. Too much snow, yep. Too much Justin Bieber, yes. And too much held in Canadian stocks? Definitely yes.
The Canadian stock market represents l.... More »
The Bank of Canada keeps urging caution as markets show signs of life
– canadianbusiness.com
Bank of Canada governor Stephen Poloz. (Adrian Wyld/CP)On January 17, National Bank’s Stéfane Marion, one of the better Bay Street economists, wondered if Bank of Canada Governor Stephen Poloz might adopt explicit forward guidance to weaken the value of the dollar. Marion observed that the central bank’s autumn revelation that it had “actively considered” cutting interest rates had weighted the loonie for only a short time. With a new policy announcement imminent, Marion asked, “why not surprise the market with a conditional commitment to not raise rates for at least another year?”
It was a provocative question. It also was a rhetorical one: most central banks, including the the Bank of Canada, resort to explicit statements about their policy intentions only in the case of an emergency. Canada’s economy lacked verve, but, as Poloz had said on several occasions, it was doing ok. “We’re not exactly holding our breath on forward guidance,” Marion wrote in a note to clients…
