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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Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’ - WIRED + MORE Aug 8th
Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’ WIREDTrump Signs Executive Order Clamping Down on ‘Debanking’ The New York TimesGUARANTEEING FAIR BANKING FOR ALL AMERICANS The White House (.gov)Trump targets banks with order barring discrim.... More »
How does interest work in a savings account? Sep 10th
Do you know how interest rates work when it comes to your bank account? If not, you’re not alone. Nearly four in 10 Canadians surveyed don’t fully understand it, according to research by Angus Reid on behalf of PC Financial.
When you hold money in a savings account, interest is money you rece.... More »
The best GIC rates in Canada for 2025 Mar 3rd
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 navigat.... More »
Credit unions compete with big banks in race to attract younger Canadians Jul 27th
Learn more about Canada's top banks rates, rules and the latest news - read on!
Credit unions compete with big banks in race to attract younger Canadians - thestar.comContinue Reading On thestar.com »Getting a favourable bank account in Canada can be tricky - let us help! Visit our Canadian .... More »
Making sense of the markets this week: October 23 Oct 21st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bank on higher interest rates leading to increased profits
U.S. earnings season is in full swing, and the banks were some of the fi.... More »
Three Things to Expect from Rising Interest Rates in 2019
– ratesupermarket.ca
Are they going to increase? By how much? And how will that affect me?
As we reflect on the past year, one of the big money stories everyone is talking about is the rise of the key interest rate. In 2018, the Bank of Canada (BoC) raised the overnight lending rate three times from 1.00 per cent to 1.75 per cent, pushing up the cost to borrow money too. The commercial banks are currently offering a prime rate of 3.95 per cent, hence, there are a few things you should keep in mind when borrowing in the new year.
Hikes are still coming – just not as fast
Economists are now saying the Bank could raise rates further in 2019. Forecasters previously predicted three rate hikes, with the first coming as soon as January, but now some banks are saying they expect only two.
The change in outlook comes after the price of oil fell dramatically in October. Economists then downgraded their forecast, saying a hike in January is highly unlikely, and we should probably look towards hikes in April and October instead…
Three Things to Expect from Rising Interest Rates in 2019
– ratesupermarket.ca
Are they going to increase? By how much? And how will that affect me?
As we reflect on the past year, one of the big money stories everyone is talking about is the rise of the key interest rate. In 2018, the Bank of Canada (BoC) raised the overnight lending rate three times from 1.00 per cent to 1.75 per cent, pushing up the cost to borrow money too. The commercial banks are currently offering a prime rate of 3.95 per cent, hence, there are a few things you should keep in mind when borrowing in the new year.
Hikes are still coming – just not as fast
Economists are now saying the Bank could raise rates further in 2019. Forecasters previously predicted three rate hikes, with the first coming as soon as January, but now some banks are saying they expect only two.
The change in outlook comes after the price of oil fell dramatically in October. Economists then downgraded their forecast, saying a hike in January is highly unlikely, and we should probably look towards hikes in April and October instead…
