Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Making sense of the markets this week: August 30, 2021 Aug 28th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Big earnings from the big Canadian banks
The Big Six Canadian banks (Royal Bank of Canada, TD Bank, Scotiabank, BMO, CIBC and National Bank) released quarterly ear.... More »
Is It Time to Say Goodbye to Your Starter Credit Card? Jul 28th
Nearly nine out of 10 Canadians have a credit card, according to Payments Canada. Not only that, but Canadians are also heavy credit card users, coming in second to South Korea in credit card volume per capita.
The study found that the extraordinary credit card use is fuelled by key factors such as.... More »
Can you build a 40/30/30 portfolio with ETFs? Aug 22nd
The unique market conditions of the 2022 bear market exposed a major flaw in the traditional 60% stocks/40% bonds balanced portfolio used by millions of investors. That year was defined by two forces: surging inflation across both the U.S. and Canada, and aggressive interest rate hikes by their resp.... More »
The best GIC rates in Canada for 2025 + MORE Dec 9th
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 »
Mortgage deferral coming to an end? You have other options — but beware of penalties Sep 14th
The major Canadian banks are preparing for the end of the deferral period and offering to work with clients to ensure they can continue to meet their financial obligations in a manageable way, Elaine Smith writes..... More »
Visa Walmart deal could mean higher fees for smaller merchants: CFIB
– canadianbusiness.com
TORONTO _ The Canadian Federation of Independent Business says it is concerned that a deal struck between Walmart Canada and Visa over merchant fees could lead to higher costs for smaller businesses.
Details of the agreement, which ended a months-long dispute between the two corporate behemoths, have not been provided by the companies.
But CFIB president Dan Kelly says he suspects Walmart was able to negotiate a reduction in merchant fees.
Kelly says typically a good deal for one big company can mean bad news for small businesses, as Visa and the banks could look to make up the difference by raising the merchant fees charged to other companies.
He says he will be keeping a close eye on the situation and will continue to lobby both Visa and MasterCard for lower merchant fees for small- and medium-sized companies.
The federation represents over 109,000 business owners across the country.
In July, Walmart began refusing Visa credit cards at its three stores in Thunder Bay, Ont., citing excessive fees…
Details of the agreement, which ended a months-long dispute between the two corporate behemoths, have not been provided by the companies.
But CFIB president Dan Kelly says he suspects Walmart was able to negotiate a reduction in merchant fees.
Kelly says typically a good deal for one big company can mean bad news for small businesses, as Visa and the banks could look to make up the difference by raising the merchant fees charged to other companies.
He says he will be keeping a close eye on the situation and will continue to lobby both Visa and MasterCard for lower merchant fees for small- and medium-sized companies.
The federation represents over 109,000 business owners across the country.
In July, Walmart began refusing Visa credit cards at its three stores in Thunder Bay, Ont., citing excessive fees…
Why the real estate market is slowing down in 2017
– moneysense.ca
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Real Estate Outlook Intro
GTA Market Outlook 2017
B.C. Market Outlook 2017
Why the market will slow down
How accurate was the 2016 outlook?
While real estate might be a product of local markets, probably the single biggest reason for the potential nation-wide real estate slowdown in 2017 are macroprudential measures introduced in late 2015 and throughout 2016 (and possibly stretching into this year, should banks be required to cover a portion of mortgage default losses)…
