Weekly rate report: Average card APR breaks new record, climbing to 17.08 percent + MORE Oct 25th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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The best GIC rates in Canada for 2025 + MORE Jun 23rd

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 »

Scotiabank Earnings: Q2 breakdown for investors + MORE May 28th

The Bank of Nova Scotia reported its second-quarter profit fell compared with a year ago as it set aside more money for loan losses. The bank said Tuesday its net income fell to $2.09 billion or $1.57 per diluted share for the quarter ended April 30, down from $2.15 billion or $1.68 per diluted s.... More »

January 11 Update: No Foreign Transaction Fee Credit Cards for Canadians, new Small Business Credit Card page & earn 10,000 bonus Be Well points at Rexall Jan 12th

Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
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My bank has offered me a credit limit increase I didn’t request. Is there any reason I shouldn’t take it? + MORE Dec 5th

Experts say there are pros and cons to accepting an increase to your credit limit..... More »
 american express

November 4 Update: You can earn other card linked rewards with AIR MILES card linked offers, big update to Cobalt Multipliers & Crypto. com cards added + MORE Nov 5th

Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
Best of Finance Winners: The Best Credit Cards and Banking Products of 2018
RateSupermarket.ca aims to help its consumers understand which financial products match their personal portfolio. That’s why we recognize the best of the best every year at our Best of Finance awards, helping you save money and put even more in your wallet.
You work hard for your money, so when it comes to banking, you want to make the most informed decision before applying for a new product. Of course, reasons for choosing a specific credit card or banking product will vary depending on your unique lifestyle and budget. And doing your research before signing on the dotted line is crucial. But with so many options available, it may be hard to choose the one that’s right for you.
That’s why we at RateSupermarket.ca annually review the market and recognize some of the top performing credit cards and banking products at our Best of Finance awards – ultimately making your decision easier when it comes time to change investments or apply for a new credit card.
In choosing the winners of the 2018 Best of Finance Awards, we converted miles, points and cash back into dollar figures…

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Dan Bavaro says credit cards were the special sauce he needed when opening his first pizza restaurant during the recession.

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October 24, 2018: The average credit card interest rate for new card offers climbed to another all-time high on Wednesday, hitting 17.08 percent.

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October 24 Update: CIBC Aventura discounted points offer for WestJet flights, Triangle adds Husky as a partner, 150 Bonus AIR MILES at RexallCIBC Aventura cardholders have another limited flight discount available to them. You can fly on select WestJet routes for 9,000 to 25,000 Aventura points. Amount of points and the discount depends on the route. Book by November 30 to take advantage of this offer Find out more here. Here is an example of some of the redemption rates from Calgary:— Back in June we let you know that the boutique hotel loyalty program, Stash Rewards came back to Canada with the addition of four hotels in B.C. and a fiftth to come soon. That 5th hotel, the Opus Hotel Vancouver is now officially part of Stash Rewards. Find out more here.Earlier this month, Canadian Tire’s coalition loyalty program, Triangle added another partner. Husky is now part of the program but it does look like it only participates if you use a Triangle Credit card:Husky is a Partner location of the Triangle Rewards™ program. Members are able to collect 5¢ per litre in CT Money® on qualifying fuel purchases with a Triangle Mastercard…

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Bank of Canada Raises Overnight Rate to 1.75%; Cites New Trade Policy and Growing Economy
Bank of Canada Governor Stephen Poloz at a press conference following an interest rate announcement in April. 
After months of speculation, indeed, the Bank of Canada decided to raise its benchmark interest rate by 25 basis points this morning. This quarter-point hike brings the target for the overnight rate to 1.75 per cent.
This is the third time the central bank has raised rates this year, and the fifth time since July 2017. This rate hike most likely means commercial banks will soon hike their prime rates, making borrowing costs more expensive for anyone with a floating rate loan, like a variable-rate mortgage or a line of credit.
New trade policy boosts confidence in economy, but Bank still has concerns
In a statement released shortly after the announcement, the Bank lists several reasons for raising rates this time, including the finalization of the new trade agreement to replace NAFTA.  The Bank states, “The global economic outlook remains solid. The US economy is especially robust and is expected to moderate over the projection horizon… The new US-Mexico-Canada Agreement (USMCA) will reduce trade policy uncertainty in North America, which has been an important curb on business confidence and investment…

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