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.
Latest News
Slow growth, rising expenses forcing banks into cost-cutting action + MORE Dec 5th
Financial stocks fall as CIBC, TD report expense growth that outpaces revenues; TD cites need to ‘increase efficiency’
.... More »
A Review of Tangerine Investment Funds: Do They Measure Up? Aug 19th
With more and more Canadians moving towards low-fee investing options, banks and investment companies have had to step up their game, to deliver products that provide the right mix between price and performance.
In this review of Tangerine mutual funds, I’ll take a look at how one of Canada’s le.... More »
Greece's Achilles' Heel + MORE Apr 9th
The banks are bleeding billions in deposits while the Greek government stonewalls its creditors..... More »
Canadian banks not ready to call end to oil uncertainty just yet Sep 5th
The biggest banks set aside considerably less money in the third quarter to cover bad loans than they did in the previous quarter, easing concerns about their exposure
.... More »
How does interest work in a savings account? Sep 10th
Do you know how interest rates work when it comes to your bank account? If not, you’re not alone. Nearly four in 10 Canadians surveyed don’t fully understand it, according to research by Angus Reid on behalf of PC Financial.
When you hold money in a savings account, interest is money you rece.... More »
Will Ottawa accept voluntary plan to cut interchange fees?
– moneysense.ca
(Kali Nine LLC/Getty Images)OTTAWA – The federal government’s battle to lower the fees retailers pay to use credit cards — and theoretically cut costs for consumers — may be coming to an end.
Ottawa could announce an agreement among the credit card companies, big banks and the Competition Bureau today that may result in a reduction of so-called interchange rates.
MasterCard has proposed an as-yet-undisclosed “voluntary” solution to the government after retailers and the Competition Bureau demanded lower fees.
Merchants are charged fees ranging from $1.50 to $3 for every $100 spent when consumers use credit cards to make purchases.
The Harper Conservatives have been promising to force rates lower as part of their consumer-friendly agenda.
But the Opposition New Democrats say they’ll be looking at the fine print before deciding whether they think consumers would benefit from the deal.
Here are some other events expected to take place today on and around Parliament Hill:
— Foreign Affairs Minister John Baird and junior minister Lynne Yelich will meet with Ahmed Shaheed, the UN Special Rapporteur on the human rights situation in Iran;
— The Supreme Court of Canada will issue a decision in the case of Luis Alberto Hernandez Febles, a Cuban national who was denied refugee status after entering Canada from the U…
