Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The Best Banking Products in Canada: 2016 Edition + MORE Nov 25th
RateSupermarket.ca ranks Canada’s top banking performers in savings, chequing and GICs
Interest rates may be low these days, but if you’re looking to make your money work for you in the best way possible, then there are still plenty of options. Canada’s banks offer a variety of products with .... More »
The best high-interest savings accounts in Canada for 2023 + MORE Jun 23rd
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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Home Capital Group says new mortgage rules have clients migrating from big banks Feb 15th
Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year — even though it too is required.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks Nov 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Canadian banks’ mortgage-rate increases could trigger rise in qualifying rate, analysts say May 8th
The central bank’s conventional mortgage five-year rate, which is updated weekly, was 5.14 per cent as of May 2..... More »
The Best Credit Cards for Dining Out
– ratesupermarket.ca
With the weather heating up, it’s almost the time of year when restaurant patios fill up with people enjoying good food outside. But while there are few things more relaxing than eating a delicious meal while enjoying the warm weather, it appears that this year there will be fewer Canadians indulging in that luxury.
A recent study by The Conference Board of Canada suggests that a perfect storm of stagnant income growth and mounting household debt means that more consumers will be eating at home in the coming months.
This slowdown in demand is expected to continue over the medium term according to Michael Burt, the organization’s director of Industrial Economic Trends. In a press release, Burt explains the problem is directly linked to debt loads: “Canadians now carry the highest debt-to-income ratio among G7 countries,” he states, adding debt has a direct impact on the food service industry since “one of the first items that households cut back in difficult economic times is dining out…
