Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for 2026 Jun 1st
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
3 Ways to Beat Blue Monday Debt + MORE Jan 21st
Feeling a little, well, blah these days? You’re not alone; mid-January is proven to be the most depressing time of year. Known as Blue Monday, Canadians are most likely to feel down in the dumps between the 18th to the 25th, thanks to a mix of fading holiday cheer, weak sunshine, failed resolutio.... More »
Tips for getting a new mortgage Jan 11th
Q: My partner and I want to move closer to family and this would require moving to another province. We’re fairly certain that we can find full-time employment in our new city but we’re a little worried that mortgage lenders won’t look favorably at us as borrowers. We have equity in the home .... More »
Is your chequing account working hard enough? Jan 10th
Your chequing account could be the behind-the-scenes hero of your everyday banking activities, if you have the right one. The features can vary from bank to bank and financial institution to financial institution, so it makes sense to shop around if you’re opening a new chequing account or you wan.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 23rd
Savings comparison tool
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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Valeant’s looming M&A hiatus deals blow to investment banks
– theglobeandmail.com
Drug company has emerged as fifth biggest payer of investment banker fees over past three years
Scotiabank is cutting jobs, joining other big Canadian banks that are reporting strong profit growth but still looking for ways to cut costs amid a slow-growth economy and changing technologies.
Scotiabank tells employees that some regional processing offices to close
– canadianbusiness.com
TORONTO – Scotiabank is telling employees to get ready for certain offices to close over the next two years as it concentrates its workforce in two new hubs with more advanced technology.
The CBC is reporting that as many as 1,500 jobs could be affected, and says that one unidentified bank employee said she estimates about 200 people in her region alone would be affected.
Globalnews is reporting that nearly 400 people in Calgary were told about the downsizing plan on Thursday night.
But the bank says it hasn’t yet determined how many people will be out of work because there may be other opportunities within Scotiabank (TSX:BNS) for the affected employees.
The affected operations were initially built to serve a branch network that operated mostly with paper — but since then consumers and banks have shifted increasingly to electronic and digital communications.
The bank said last week that it has created a “digital factory” in Toronto to house more than 350 tech jobs when it is fully functional next year…
The CBC is reporting that as many as 1,500 jobs could be affected, and says that one unidentified bank employee said she estimates about 200 people in her region alone would be affected.
Globalnews is reporting that nearly 400 people in Calgary were told about the downsizing plan on Thursday night.
But the bank says it hasn’t yet determined how many people will be out of work because there may be other opportunities within Scotiabank (TSX:BNS) for the affected employees.
The affected operations were initially built to serve a branch network that operated mostly with paper — but since then consumers and banks have shifted increasingly to electronic and digital communications.
The bank said last week that it has created a “digital factory” in Toronto to house more than 350 tech jobs when it is fully functional next year…
Is There a Winner In Your Wallet?
– ratesupermarket.ca
On the hunt for a new credit card, bank account or investment? Look no further – we’ve crunched the numbers to find the very best personal finance products in the country. Check out our picks, and see how much more you could be earning and saving – whether you’re looking to score points for your next vacation, or invest your nestegg.
Read on for the full story!
The Best Credit Cards in Canada: 2015 Edition
What offers the best value: a mile, a point, or cash back? Are annual fees worth it? How can a promotional interest rate help pay off a lingering balance? These are some of the most common questions posed by Canadian credit card shoppers – but when it comes to choosing a card, it’s not always clear which are top performers.
We’ve crunched the numbers to find the very best credit cards in Canada – check out our 2015 picks!
Read Penelope’s Blog | The Best Credit Cards in Canada
The Best Banking Products in Canada: 2015 Edition
Forget stashing your cash under the mattress – the most effective way to manage your money is to put it to work with one of the most competitive interest rates on the market…
China cuts interest rates for sixth time in a year to spur slowing economy
– canadianbusiness.com
BEIJING, China – China cut interest rates on Friday for a sixth time in a year to spur slowing economic growth.
The announcement came after growth slowed to a six-year low of 6.9 per cent in the latest quarter, according to official figures, dragged down by weak global demand and an effort to reduce reliance on construction and heavy industry.
The benchmark rate on a one-year loan will fall by 0.25 percentage point to 4.35 per cent effective Saturday, the central bank announced. The benchmark rate for a one-year bank deposit will be reduced by the same margin to 1.5 per cent.
“There still exists some downward pressure on China’s economic growth,” the People’s Bank of China said in a statement. “We need to continue to use monetary policy tools to strengthen economic structural adjustment and create a good monetary and financial environment.”
Also Friday, the central bank increased the amount of money available for lending by reducing the level of reserves banks are required to hold…
The announcement came after growth slowed to a six-year low of 6.9 per cent in the latest quarter, according to official figures, dragged down by weak global demand and an effort to reduce reliance on construction and heavy industry.
The benchmark rate on a one-year loan will fall by 0.25 percentage point to 4.35 per cent effective Saturday, the central bank announced. The benchmark rate for a one-year bank deposit will be reduced by the same margin to 1.5 per cent.
“There still exists some downward pressure on China’s economic growth,” the People’s Bank of China said in a statement. “We need to continue to use monetary policy tools to strengthen economic structural adjustment and create a good monetary and financial environment.”
Also Friday, the central bank increased the amount of money available for lending by reducing the level of reserves banks are required to hold…
