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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The best Visa credit cards in Canada for 2024 Nov 7th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999.... More »
Can challengers like EQ Bank and Wealthsimple take on the big banks? Sep 26th
It’s not easy going up against Canada’s banking oligopoly, but some are trying.
Challengers like EQ Bank and Wealthsimple are rolling out new and cheaper offerings, growing their base and gaining brand recognition. But experts say that rather than creating a disruptive threat to the big banks.... More »
Banks poised to report strong Q2 despite housing slowdown: analysts May 22nd
Canada's biggest banks are upping the ante in the mortgage wars amid slowing growth and national housing sales at lows not seen in several years, but analysts say real estate market woes won't dent lenders' earnings, just yet..... More »
Drive to hit sales goals sees bank employees put customer's finances at risk committee hears + MORE Jun 7th
Longtime bank employees blew the whistle on questionable practices by Canada's big banks during a House of Commons committee hearing Wednesday..... More »
Is It Time to Say Goodbye to Your Starter Credit Card? Jul 28th
Nearly nine out of 10 Canadians have a credit card, according to Payments Canada. Not only that, but Canadians are also heavy credit card users, coming in second to South Korea in credit card volume per capita.
The study found that the extraordinary credit card use is fuelled by key factors such as.... More »
How to Improve Your Credit Score – Post-Holiday Edition
– ratesupermarket.ca
This monthly series by personal finance specialist Amanda Reaume focuses on how to improve something that many people overlook: your credit score. These posts will give you tips and tricks to improve your chances of getting approved for better rates when you apply for credit – leading to better student loans, car loans and even mortgages.
In January, people tend to cut back on certain expenses as they rehabilitate their credit and make up for overspending during the holidays. Less shopping, less restaurant visits, less entertaining… The effects that overspending have on lifestyle are usually pretty apparent.
But what many may not realize is how a bad credit choice can have a huge, long-term impact on your credit score. Some of these choices may seem harmless upfront, but they’ll ultimately make it harder to qualify for a low interest rate when you borrow money, whether it be for a car, your tuition or even a house.
If your credit cards are getting a workout this month, here are some common credit mistakes you may have made and some suggestions on how to fix them…
Think You Have Sufficient Travel Insurance? Think Again
– ratesupermarket.ca
Despite the weak Canadian dollar, winter-weary snowbirds and March breakers are still heading south for vacation. If you’re one of these people, you probably understand that you need to pack more than just sunscreen for protection. Even if your travel budget is tight, spending a bit extra on travel insurance could save your family thousands in medical expenses related to illness, injury or death while beyond the border.
Step one in shopping for travel insurance is to check if you’re already covered in the first place. If you are a part of a group employee health plan, this likely includes some form of travel insurance. And most travel rewards credit cards offer travel and medical insurance as a cardholder perk. However, both of these options typically cover only accidents, not illness, and as for credit card insurance, your coverage is usually limited to travel costs that were paid for with that card.
So if you think you have sufficient travel insurance, it’s best to consider the following before heading out of town…
