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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Making sense of the markets this week: April 5, 2021 Apr 5th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Serious concerns over the Canadian housing bubble
BMO has sounded the alarm with strong warnings about what many are calling a housing bubble in Canada. In fact, it’s on fir.... More »
Moldova: 20,000 stage anti-govt protest for 8th day, demand probe into missing $1.5 billion Sep 13th
CHISINAU, Moldova – Some 20,000 people protested Sunday against Moldova’s government for the eighth straight day, demanding a probe into the estimated $1.5 billion that disappeared from three Moldovan banks last year.
Speaking Romanian and Russian, protesters in Chisinau, the capital, de.... More »
Personal Loan Vs. Line of Credit: Which Should I Get? + MORE Dec 23rd
In today’s ever-evolving market of loan products, it can sometimes feel like there are too many options to choose from – and each with its own complex fine print. Obtaining a line of credit or personal loan from a bank or lender has been a common way for Canadian consumers to get a cash injecti.... More »
Could This Be The End of Credit Card Interchange Fees? + MORE Oct 29th
Did you know – each time a credit card is used to make a purchase in-store, a fee is charged to the merchant? Ranging from 1.5 per cent to 4 per cent, these charges – known as interchange fees – have long been a point of contention among retailers. The issue has plagued the Conser.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 3rd
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MBNA TrueLine MasterCard Launches Personalized Interest Rate
– ratesupermarket.ca
In the world of consumer borrowing, the affordability of a loan – aka. scoring the best rate – is dependent on a few factors: the applicant’s current debt ratio, income level, existing assets, and their credit score. However, credit cards are usually exempt from this model – they come with a fixed cost of borrowing and, while a pristine credit score can qualify you for plusher rewards and a higher limit, there isn’t much wiggle room when it comes to paying interest.
Previously, customers looking to pay less could apply for low interest options, or sign up for limited-time balance transfer promotions. Now, MBNA has changed the game, introducing a credit card that tailors its interest rate based on the cardholder’s credit score.
The new card is actually a relaunch of the lender’s popular TrueLine MasterCard, a no-fee option that offered 9.99 per cent on purchases and balance transfers. The new version will charge an interest rate ranging from 5.9 per cent (the lowest on the market), to 14…
U.S. and Europe escalate sanctions against Russia
– macleans.ca
WASHINGTON – Struggling to defuse the persistent crisis in Ukraine, both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting rebels “have consequences.”
Though the American and European sanctions were co-ordinated, they nonetheless exposed fissures in what the West has tried to project as a united front in its months-long effort to isolate Russian President Vladimir Putin.
Putin, sounding unperturbed, said the U.S. was only hurting itself.
The penalties announced by the White House were broad in scope, targeting two major Russian energy firms, a pair of powerful financial institutions, eight arms firms and four individuals. Leaders in Europe, which has a far deeper economic relationship with Russia than the U.S., were more restrained, ordering investment and development banks on the continent to suspend financing agreements with Moscow.
Even the U…
Though the American and European sanctions were co-ordinated, they nonetheless exposed fissures in what the West has tried to project as a united front in its months-long effort to isolate Russian President Vladimir Putin.
Putin, sounding unperturbed, said the U.S. was only hurting itself.
The penalties announced by the White House were broad in scope, targeting two major Russian energy firms, a pair of powerful financial institutions, eight arms firms and four individuals. Leaders in Europe, which has a far deeper economic relationship with Russia than the U.S., were more restrained, ordering investment and development banks on the continent to suspend financing agreements with Moscow.
Even the U…
