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?
Latest News
How to Spot Credit Card Fraud and What You Can Do to Prevent It May 29th
Credit card fraud comes in various forms and can cause a lot of damage to both your balance and your credit score. Often thieves only get away with a few hundred dollars, but sometimes they can manage to steal thousands. And when they do, it can take hours of hard work and communication to unravel .... More »
Who created bitcoin? The long search may not be over + MORE May 3rd
SAN FRANCISCO – Who is Satoshi Nakamoto? For many in the tech world, the identity of bitcoin’s elusive creator has been a long-running parlour game. And the speculation might not be over.
Australian entrepreneur Craig Steven Wright, who announced Monday that he founded the digital curren.... More »
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
#5: Brane Inc. Feb 7th
In the unpredictable world of cryptocurrency, Brane has become a safe haven. The financial-technology company’s mission is to demystify the confusing and ever-changing landscape of digital assets—blockchain, crypto and non-fungible tokens included—for its largely conservative clientele.
Sin.... More »
When a bank’s not a bank: How fintech—and neobanks in particular—are transforming banking in Canada + MORE Jan 19th
Neobanks and challenger banks are fintech (financial technology) firms that offer banking services, usually online only. These digital upstarts offer alternatives to the mainstream banking products and services we’re accustomed to.
The Canadian banking system is known worldwide for its strength.... More »
Bust Those Winter Money Blues
– ratesupermarket.ca
Forget robins: the real signs of pending spring – sliding mortgage rates, holiday debt repayment and the onslaught of tax season – have arrived! And while there’s still a few weeks of minus double digits to go, it’s time to set our sights – and finances – on a sunnier path.
3 Foolproof Ways To Bust Your Money Stress
Are debt worries keeping you up at night? Do you find yourself turning to credit – even for small, everyday expenses? Escaping a debt spiral can be daunting, especially the high interest credit card variety. Read on for our top tips for breaking the cycle, and taking control of your credit, once and for all.
Read Melissa’s Blog | 3 Foolproof Ways To Bust Your Money Stress
Fall In Love With A Record Low Mortgage Rate
Will mortgage rates tumble lower in advance of the seasonally hot spring market? We’ve seen five-year fixed rates go as low as 2.98% on our Best Rates table – and our expert Mortgage Rate Outlook Panel says it’s possible that more discounting could be in store…
The Great Canadian Debt Poll
– ratesupermarket.ca
Debt in Canada is a growing issue – our nation’s debt load has hit $1.422 trillion, and the household debt-to-income ratio has reached 163.7 per cent! And that’s not slowing consumers down – a recent Equifax study found that non-mortgage debt has increased to $518.3 billion, up from $497.4 billion from 2013.
It’s time to come clean about our debt habits! Take our Canadian Debt Truth poll, and you could WIN a $100 gift card.
TAKE THE POLL>
Stop That Credit Card Debt Spiral
Trying to pay down your credit card balance, but can’t keep up with those huge interest charges? Try moving your balance to an option with a low balance transfer feature, which will give you a bit of an interest vacation. It’s a great way to pay down your principal debt amount, and take control of your credit, once and for all?
Our pick: MBNA Platinum Plus® MasterCard® credit card
This card features:
0% annual interest rate† (AIR) on balance transfers* and deposits* for the first 12 full months…
