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
New mortgage rules sending borrowers to alternatives Feb 7th
TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance.
As a result, alternativ.... More »
'Open banking' holds promise but cybersecurity fears loom for Canadian banks + MORE Nov 30th
Customers have increasingly moved away from physical bank branches towards online and mobile apps, but banking has yet to reach its 'Uberization'" moment, one that breaks down traditional models to usher in new innovations, as Uber has done for the taxi industry..... More »
Scotia Momentum® VISA Infinite* Review May 15th
Attention MoneyWise readers! Sign up for the Scotia Momentum® VISA Infinite* card and, for a limited time, get $75 IN CASH via Interac e-Transfer or a gift card from RateSupermarket.ca upon approval!
Are you looking for a well-rounded, high-earning cash back credit card with travel perks and no a.... More »
Wall St. hits another record high, as TSX edges up and loonie breaks 80 cents US Oct 3rd
TORONTO _ Wall Street set another record high Tuesday on relatively minor movements as Canada’s largest stock index inched forward and the loonie cleared 80 cents US.
In New York, the Dow Jones industrial average gained 84.07 points to 22,641.67. The S&P 500 index edged up 5.46 points to 2.... More »
The best GIC rates in Canada for 2024 + MORE Oct 8th
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 »
The company that owns the Toronto Star newspaper will continue to funnel millions of dollars into its tablet app despite failing to muster the audience it hoped for since its launch more than a year ago.
