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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Refinancing your mortgage? Here’s why a professional home appraisal is step one Mar 27th
Before you refinance your mortgage, it’s important to know your home’s true value. A professional home appraisal gives you an accurate picture of the value of your property, helping you make smarter financial decisions from lowering your monthly payments to accessing equity to evaluating your re.... More »
The best Visa credit cards in Canada for 2024 Nov 7th
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Compare your Visa options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999.... More »
Canadian food banks fear perfect storm from rising fresh food prices + MORE Jan 31st
MONTREAL – Canadian food banks hope that the pinch they’re feeling from rising food prices isn’t snowballing into a full-fledged crisis.
While each agency has unique circumstances, many say higher prices during the peak winter period are limiting how much food they can purchase and.... More »
The best GIC rates in Canada for 2024 Jun 25th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Canadians had more complaints than usual about their banks last year, ombudsman says Mar 17th
Canadians had 28 per cent more gripes about their banks last year than they did in 2016, according to a new report from the ombudsman overseeing the industry, with bogus credit card charges a particular thorn in the side of many customers..... More »
Top Tips For Boxing Day
– ratesupermarket.ca
Millions of Canadian consumers will brave the winter cold yet again this year for the allure of bargain prices; Boxing Day is the one last opportunity for retailers to rack up holidays sales before the New Year. Boxing Day in Canada is like the original Black Friday – retailers are looking to make a windfall off last minute consumer purchases. With the household debt-to-income ratio hitting a new record in the last quarter of 2014, holiday spending is sure to set a new benchmark this year – good news for stores, not so much for your credit card balance.
Canadians Can’t Get Enough of Boxing Day
Boxing Day is one of the most popular shopping days in Canada. Almost two-thirds of Canadians said they were planning to take advantage of Boxing Day sales, according to a released by BMO in 2012. Surprisingly, Boxing Day is a bigger hit with men than women – 66 per cent of men plan to partake, while only 58 per cent of women will hit the malls. Boxing Day is most popular in Alberta, where 76 per cent said they expected to shop, while only 36 per cent of shoppers in Quebec will go shopping…
Canadians Can’t Get Enough of Boxing Day
Boxing Day is one of the most popular shopping days in Canada. Almost two-thirds of Canadians said they were planning to take advantage of Boxing Day sales, according to a released by BMO in 2012. Surprisingly, Boxing Day is a bigger hit with men than women – 66 per cent of men plan to partake, while only 58 per cent of women will hit the malls. Boxing Day is most popular in Alberta, where 76 per cent said they expected to shop, while only 36 per cent of shoppers in Quebec will go shopping…
Russia’s central bank offers banks and companies to refinance their debts to shore up ruble
– canadianbusiness.com
MOSCOW – Russia’s central bank has made another move to shore up the ruble, offering hard currency loans to help companies and banks service their debts.
The bank said Wednesday it would accept foreign currency debt obligations as collateral against the loans. The hope is that it will provide relief to those who can’t tap foreign capital markets to refinance loans because of Western sanctions.
The move is the latest in a series of efforts by the Central Bank to ease the selling pressure on the ruble, which has been one of the world’s worst-performing currencies this year as a result of the fall in oil prices and the sanctions imposed on Russia for its involvement in the crisis in Ukraine.
Other measures taken include an increase in the Central Bank’s main interest rate to a whopping 17 per cent in the hope that it makes holding rubles more attractive for traders.
And in a bid to boost hard currency offering at the markets, the government has encouraged major companies to sell more hard currency…
The bank said Wednesday it would accept foreign currency debt obligations as collateral against the loans. The hope is that it will provide relief to those who can’t tap foreign capital markets to refinance loans because of Western sanctions.
The move is the latest in a series of efforts by the Central Bank to ease the selling pressure on the ruble, which has been one of the world’s worst-performing currencies this year as a result of the fall in oil prices and the sanctions imposed on Russia for its involvement in the crisis in Ukraine.
Other measures taken include an increase in the Central Bank’s main interest rate to a whopping 17 per cent in the hope that it makes holding rubles more attractive for traders.
And in a bid to boost hard currency offering at the markets, the government has encouraged major companies to sell more hard currency…
