The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best GIC rates in Canada for 2025 + MORE Nov 17th
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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.
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Compare the best GIC rates in Canada 2023 + MORE Jun 28th
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The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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How cash ETFs keep your money working Nov 25th
It’s a dilemma for many investors: you want to have cash set aside to hop on investment opportunities that might arise, but you also don’t want the money sitting in your portfolio not collecting any return. Enter cash exchange-traded funds. Experts say there is increasing demand for cash.... More »
#5: Brane Inc. Feb 7th
In the unpredictable world of cryptocurrency, Brane has become a safe haven. The financial-technology company’s mission is to demystify the confusing and ever-changing landscape of digital assets—blockchain, crypto and non-fungible tokens included—for its largely conservative clientele.
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The best Visa credit cards in Canada for 2024 Nov 7th
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TransferWise Review: A Better Way to Conduct Foreign Exchange?
– canadianfinanceblog.com
The high fees and bloated exchange rates incurred when sending and receiving foreign currency can be a bitter pill to swallow. This is especially true for anyone who has to send money abroad on a regular basis. Much of the problem lies in the exchange rates offered by banks, which are priced well above the actual market exchange rate. Not only that, fees on wire transfers can be as high as $50 or more, depending on the amount of money you’re sending.Recently, I wrote an article on the various ways that you can exchange money, so I thought the timing was right for a review of TransferWise, a leader in online foreign currency exchange. Thankfully, companies like TransferWise are around, to take the sting out of foreign exchange, as well as sending money overseas.
Using the latest in mobile technology, TransferWise makes foreign exchange instant, and affordable. In this TransferWise Canada review, I’ll show you exactly how TransferWise works to save you money, and why it’s a better way to send money than through traditional channels ie…
