All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Supreme Court considers credit card surcharges + MORE Jan 11th
If New York's surcharge ban falls, other states could domino, bringing retailers a step closer to charging extra to use plastic.... More »
How fake World Cup fans are trying to game Canada's visa system Jan 18th
Some agents are misrepresenting rules about work permit exemptions to clients, adding to worries about visitors entering under false pretences..... More »
The best GIC rates in Canada for 2025 Feb 10th
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 navigat.... More »
My credit score’s 750! Why was I denied a card? + MORE Oct 20th
Five reasons why you may be denied a credit card, even if your credit score is excellent.... More »
This Mustafar-like lava exoplanet boasts brutal supersonic winds and vaporized rock - SYFY WIRE + MORE Nov 7th
This Mustafar-like lava exoplanet boasts brutal supersonic winds and vaporized rock SYFY WIREThis lava planet has supersonic winds and hail The Queens County Citizen‘Hell’ planet found with lava oceans, rocky rain and supersonic winds Global NewsScientists discov.... More »
The Enduring Ratings Racket
– online.wsj.com
Regulators sue the credit raters whose profit margins they guarantee.
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…
