Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Herbalife, Wells Fargo gain; Caesars Entertainment sinks Aug 29th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:
Herbalife Ltd., up $2.80 to $63.30
Billionaire investor Carl Icahn, the company’s largest shareholder, says he bought more shares in the supplements and weight-loss products company.
Wells Fargo & Co., up $.... More »
Lower Rates Means Less Stress in the “Stress Test” + MORE Jul 24th
Starting now, Canadian mortgage seekers will find it easier to qualify for more money. That’s because the Bank of Canada has dropped its five year benchmark qualifying rate from 5.34 percent to 5.19 percent. This is the rate banks use to qualify would-be-homebuyers for a mortgage.
This is the fir.... More »
What is a Secured Credit Card and How Does It Work? Jun 28th
A good credit history is important for everyone. It’s a gateway to more borrowing options and the basis of a positive financial future. But what if you have no credit, or some unfortunate marks on your record make it hard to get a new card?
That’s where a secured credit card may come in.... More »
Look outside the Big Banks box for best savings rates Nov 14th
Small financial institutions, ETFs and investment savings accounts offer the best interest rates around.... More »
The best GIC rates in Canada for 2026 May 25th
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 navigate m.... More »
US MBS Selloff – The Canadian Impact
– ratesupermarket.ca
In 2008, when the housing crisis in the U.S. was threatening to bring down the global economy, one of the moves the U.S. government made to temper the damage was to buy up an unprecedented $1.25-trillion worth of mortgage-backed securities (MBS). The taxpayers footed the bill for the purchase, which helped bail the nation’s banks out of trouble; back then, MBS were mostly owned by banks and financial institutions and in large part were made up of shaky home mortgages that were in arrears.
Without the government stepping in, the banks that held those MBS would have failed and created a chain effect that could have brought down the U.S. banking system.
Related Read: Why Homeowners Should Care About Higher Fees for MBS in Canada>
A Step Toward Recovery
Fast forward eight years and the U.S. economy is on much stronger ground. Home prices have started to climb and many Americans are back at work. The U.S. jobless rate is currently 5 per cent, and the Federal Reserve has scaled back the quantitative easing and monetary policy measures used during crisis recovery…
US MBS Selloff – The Canadian Impact
– ratesupermarket.ca
In 2008, when the housing crisis in the U.S. was threatening to bring down the global economy, one of the moves the U.S. government made to temper the damage was to buy up an unprecedented $1.25-trillion worth of mortgage-backed securities (MBS). The taxpayers footed the bill for the purchase, which helped bail the nation’s banks out of trouble; back then, MBS were mostly owned by banks and financial institutions and in large part were made up of shaky home mortgages that were in arrears.
Without the government stepping in, the banks that held those MBS would have failed and created a chain effect that could have brought down the U.S. banking system.
Related Read: Why Homeowners Should Care About Higher Fees for MBS in Canada>
A Step Toward Recovery
Fast forward eight years and the U.S. economy is on much stronger ground. Home prices have started to climb and many Americans are back at work. The U.S. jobless rate is currently 5 per cent, and the Federal Reserve has scaled back the quantitative easing and monetary policy measures used during crisis recovery…
Valeant calls in investment banks to weigh options, sources say
– theglobeandmail.com
While Valeant has not decided to sell any major business thus far, the move represents the clearest indication yet that the Canadian drug maker needs to divest assets to bolster its finances, the people said this week
