Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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The best American Express credit cards in Canada for 2023 + MORE Nov 1st
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The best American Express credit cards in Canada for 2023
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The best high-interest savings accounts in Canada for 2026 + MORE May 11th
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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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“Help! My RRSPs are all over the place” + MORE Aug 10th
As Canada’s financial services sector expands to include new online banks, credit unions, robo-advisors, brokerages and more, so does the likelihood that you have a ragtag number of registered savings plans with multiple institutions. For example, you may have set up an employer-sponsored plan at .... More »
What Negative Interest Rates Mean for Canadians Jun 1st
Even before COVID-19 began to dominate the collective consciousness, the possibility of negative interest rates garnered plenty of attention in the press. Just last year, in the midst of a U.S./China trade war, Donald Trump mused about the Federal Reserve heading into negative territory in order to .... More »
U.S. dollar shortages hit Qatar exchange houses as foreign banks scale back ties Jun 11th
Saudi Arabia, the UAE, Bahraini and Egyptian banks began scaling back business with Qatar last week after their governments cut diplomatic and transport ties, accusing Doha of supporting terrorism
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Will a Canadian Recession Lead to More Rate Cuts?
– ratesupermarket.ca
Will the Bank of Canada cut interest rates this month? It’s increasingly likely, as Governor Stephen Poloz faces disappointing economic data and mounting evidence of a Canadian recession.
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
Will a Canadian Recession Lead to More Rate Cuts?
– ratesupermarket.ca
Will the Bank of Canada cut interest rates this month? It’s increasingly likely, as Governor Stephen Poloz faces disappointing economic data and mounting evidence of a Canadian recession.
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
January’s Cut – Not Enough?
When the BoC slashed their Overnight Lending Rate by a quarter of a per cent early in the year, it was expected it would be enough to counter the dropping price of oil, and economists continued to support the possibility of a rate hike in late 2015.
For consumers, the cut was effective – Canadians continue to spend and borrow at a historically low cost, and money has remained liquid among the banks.
At the time, Poloz stated the rate cut was a necessary form of insurance against the downturn – but oil’s fallout was supposed to be over by now…
