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.
Latest News
Getting paid in bitcoin: What you need to know Jun 8th
Would you want to be paid in bitcoin? As bitcoin and other cryptocurrencies become more mainstream, your employer might one day give you the option. And if you’re self-employed, you might consider taking payments in crypto—if you can stomach its volatility. Younger generations, in particular, ar.... More »
Find the best mortgage rates in Canada Feb 5th
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
Is Wealthsimple’s new direct indexing worth it? Apr 2nd
Wealthsimple, the country’s largest and most aggressive fintech challenger to the big six banks, has been steadily rolling out new features over the past year, each aimed at giving retail investors access to tools that were once reserved for institutions or high-net-worth clients.
Back in Decem.... More »
Federal consumer agency delays report on Canadian banks' sales practices Dec 30th
The Financial Consumer Agency of Canada won't be releasing the results of its review of business practices among Canada's major banks by the end of the year, as originally anticipated..... More »
The Week of the Central Banks + MORE Jan 19th
This will be a busy week on the global economic calendar, including several meeting by central banks, which should give clearer signs of the growth expectations for the next year, amidst low oil prices and low inflation. Let’s start with a run down of what’s to come.
Central banks, qua.... More »
Real Estate Success Secrets
– ratesupermarket.ca
Whether you’re scraping together savings for your first home, or contemplating your next move in the market, Canadian real estate can be a tad… overwhelming. This week, we’ve touched on some of your biggest home buying questions, from saving for a second home, down payment loopholes, and even buying property out of the country.
Read on for our full coverage, plus the week’s top headlines.
Can I Still Get a “Zero Down” Mortgage With a Credit Union?
By law, every homebuyer must make a minimum 5% down payment on their new home purchase when taking out a mortgage from a federally regulated lender (think the 5 big banks). But what about credit unions, which are regulated provincially?
The truth is, zero-down mortgages do still exist at some of these lenders. But is it ever a good idea to get one?
Read Allan’s Blog | Can I Still Get a “Zero Down” Mortgage With a Credit Union?
Why Your Starter Home May Be Your Only Home
The traditional way into the housing market is to start small, build equity, and move on up to a bigger and better home later on…
Read on for our full coverage, plus the week’s top headlines.
Can I Still Get a “Zero Down” Mortgage With a Credit Union?
By law, every homebuyer must make a minimum 5% down payment on their new home purchase when taking out a mortgage from a federally regulated lender (think the 5 big banks). But what about credit unions, which are regulated provincially?
The truth is, zero-down mortgages do still exist at some of these lenders. But is it ever a good idea to get one?
Read Allan’s Blog | Can I Still Get a “Zero Down” Mortgage With a Credit Union?
Why Your Starter Home May Be Your Only Home
The traditional way into the housing market is to start small, build equity, and move on up to a bigger and better home later on…
The Seven Sins of Wall Street calls for change
– moneysense.ca
With the financial crisis now in the rear-view mirror five years ago, it should be clear sailing for the giant U.S. banks that arguably created the problem, right?Not according to veteran Bloomberg News editor and investigative reporter Bob Ivry. In his recently published book, The Seven Sins of Wall Street, Ivry pulls no punches about the continued sins of the major players like Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.
Their collective sins? Gluttony, Wrath, Envy, Pride, Sloth and — he saves the best and most obvious for last — Greed. And as the book’s subtitle suggests (Big Banks, Their Washington Lackeys, and the Next Financial Crisis), the fact that so few of these sins were punished the first time around could mean a repeat of the crisis.
Just when you thought it was safe to go back into the water!
Too big to jail?
Sadly, it seems that the slogan “Too big to fail” could as easily be modified to “Too big to jail.” We should be “very afraid” of the shenanigans of these financial behemoths “since the crisis” Ivry writes…
Real Estate Success Secrets
– ratesupermarket.ca
Whether you’re scraping together savings for your first home, or contemplating your next move in the market, Canadian real estate can be a tad… overwhelming. This week, we’ve touched on some of your biggest home buying questions, from saving for a second home, down payment loopholes, and even buying property out of the country.
Read on for our full coverage, plus the week’s top headlines.
Can I Still Get a “Zero Down” Mortgage With a Credit Union?
By law, every homebuyer must make a minimum 5% down payment on their new home purchase when taking out a mortgage from a federally regulated lender (think the 5 big banks). But what about credit unions, which are regulated provincially?
The truth is, zero-down mortgages do still exist at some of these lenders. But is it ever a good idea to get one?
Read Allan’s Blog | Can I Still Get a “Zero Down” Mortgage With a Credit Union?
Why Your Starter Home May Be Your Only Home
The traditional way into the housing market is to start small, build equity, and move on up to a bigger and better home later on…
Read on for our full coverage, plus the week’s top headlines.
Can I Still Get a “Zero Down” Mortgage With a Credit Union?
By law, every homebuyer must make a minimum 5% down payment on their new home purchase when taking out a mortgage from a federally regulated lender (think the 5 big banks). But what about credit unions, which are regulated provincially?
The truth is, zero-down mortgages do still exist at some of these lenders. But is it ever a good idea to get one?
Read Allan’s Blog | Can I Still Get a “Zero Down” Mortgage With a Credit Union?
Why Your Starter Home May Be Your Only Home
The traditional way into the housing market is to start small, build equity, and move on up to a bigger and better home later on…
The Federal Reserve Bank of New York says it “categorically rejects” allegations made by a former examiner that the Fed has become deferential to America’s biggest banks and fails to effectively regulate them.
