The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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For Spanish and Catalan economies, no winners from standoff - National Post + MORE Oct 29th
Irish ExaminerFor Spanish and Catalan economies, no winners from standoffNational PostMADRID — Xavier Gabriel can take some credit if the tiny Catalan mountain town of Sort is one of the most famous in Spain. He runs a lottery shop called La Bruja de Oro, or The Golden Witch, in a town whose name,.... More »
The best cash back credit cards in Canada for 2024 + MORE Apr 9th
Credit Cards
Best cash back credit cards in Canada
Searching for the perfect card? Compare your options with our interactive tool, and filter results based on rewards value, annual fees, income requirements, and more.
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Great transfer bonus from Coast Rewards to Aeroplan - earn up to 300,000 Bonus Aeroplan Miles! + MORE Sep 17th
The Coast Hotels Coast Rewards awesome transfer bonus to Aeroplan has returned! Last seen in October of 2016 (at least that's the last time we posted about it here on RC) the bonus provides 4x the Aeroplan miles for every Coast Rewards points converted. This means you can get anywhere from 2,000 to .... More »
Once again! Big Air Miles Bonuses for Gift Card Purchases at Safeway! Up to a $22 return per card (until Dec 31, 15) + MORE Dec 30th
As we've mentioned since November we love this time of year as it is big bonus time for Gift Cards at Safeway! We've already seen multiple offers but they weren't as good as the December 2014 offer of 70 AIR MILES per $50 card until now! This is the best offer we have seen yet, 75 BONUS AIR MILES p.... More »
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Where to find yield in 2015
– moneysense.ca
(Photograph by Raina + Wilson)Short-term GICs and savings accounts
Approx. yield risk
1% – 2%
If you want safety without locking in for the long term and you’re willing to put up with minimal yields, go for variable or short-term investments with negligible credit risk. Two common options are to buy a one-year GIC, or just stick your money in a high-interest savings account. As it happens, both yield similar amounts these days, about 1% to 2% per year depending on the institution. Given those choices, you’re often better off salting money away in a savings account because you’re not locked in and can get at your money easily. You can also opt for a low-risk tradeable investment like a three-month Government of Canada Treasury Bill, which yields about 0.90% on an annualized basis.
For either a one-year GIC or a savings account, it pays to shop around. The big banks tend to pay the lowest interest rates (about 1% per year for both). The best rates (currently around 2%) are found at regional or niche institutions which are particularly keen for funding at this moment…
