Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Unsecured or Secured Credit Cards – What’s the Difference? May 10th
Are you looking for secured credit cards? Not sure if you should open a secured or unsecured card? If you’re rebuilding your credit score, a secured credit card can help you get your credit back on track. An unsecured credit card requires you to have established credit and can often include t.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of March 2020 Mar 2nd
New cardmembers can score additional cash back, or points from great welcome offers, and earn that trip or reward that much sooner. But will you actually qualify for that extra 35,000 bonus points? How much extra cash back might you see before the promotion expires? We’ve made it easy for you and.... More »
The best credit cards in Canada for 2024 Sep 21st
MoneySense has ranked the best credit cards in Canada across numerous categories of cards. On this page, however, you’ll find the best of the best: the cards that top their respective categories and cater to the needs of most Canadians. Use the tool below to compare credit card options, or keep sc.... More »
Review: Scotiabank SCENE VISA® Card Aug 15th
Are Hollywood blockbusters your passion? Spend more time at your local Cineplex than you do at home? Scotiabank definitely gets you – the SCENE VISA® card was designed with the movie lover in mind. This credit card has great reward value when used for purchases at Cineplex Theatres – either in.... More »
The best GIC rates in Canada for 2024 Jun 28th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare highest rates
Why trust us
MoneySense is an award-winning.... More »
Why Canadian Bank Profits Are Causing Economic Worry
– ratesupermarket.ca
Shares of Canada’s big banks have been soaring since the start of the summer, pushed higher by steady growth in residential mortgage lending. So much so that the eight-company S&P/TSX Canadian Banks Composite Index hit a record high recently, more than doubling the gain of the broad benchmark index over the same period.
But investors hoping that the good times might continue got a bit of a shock this week as shares in the sector faltered, signalling a warning that the banking business may be heading into a period where Canadian bank profits growth will start to slow.
Investors Decide To Take Profits
Despite their impressive run, S&P Capital IQ equity analyst Erik Oja notes that Canadian banks face several country-specific and global challenges including low interest rates, deleveraging Canadian borrowers, frothy real-estate prices, and a still listless U.S. recovery.
What’s more, despite the fact that the credit ratings of Canada’s banks are among the highest in the world, Fitch Ratings struck a cautious note in its most recent report on Canadian lenders…
Why Canadian Bank Profits Are Causing Economic Worry
– ratesupermarket.ca
Shares of Canada’s big banks have been soaring since the start of the summer, pushed higher by steady growth in residential mortgage lending. So much so that the eight-company S&P/TSX Canadian Banks Composite Index hit a record high recently, more than doubling the gain of the broad benchmark index over the same period.
But investors hoping that the good times might continue got a bit of a shock this week as shares in the sector faltered, signalling a warning that the banking business may be heading into a period where Canadian bank profits growth will start to slow.
Investors Decide To Take Profits
Despite their impressive run, S&P Capital IQ equity analyst Erik Oja notes that Canadian banks face several country-specific and global challenges including low interest rates, deleveraging Canadian borrowers, frothy real-estate prices, and a still listless U.S. recovery.
What’s more, despite the fact that the credit ratings of Canada’s banks are among the highest in the world, Fitch Ratings struck a cautious note in its most recent report on Canadian lenders…
