How to build credit history in Canada + MORE Sep 28th

How to go about securing the best return for your investment in Canada.
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The best GIC rates in Canada for 2025 + MORE Jan 27th

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 »

Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards - The Globe and Mail + MORE Oct 7th

Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards  The Globe and MailCanadian Natural Resources signs deal to buy Chevron’s Alberta assets for US$6.5-billion  The Globe and MailBlockbuster $8.8-billion Chevron deal further consolidates Canadian c.... More »

Looking for a mortgage in B.C.? Don’t limit your options to the big banks Nov 9th

At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »

MoneySense reader survey: Help us get to know you Feb 7th

We’d love to get your thoughts on personal finance. It’s just a quick three-question poll for a future article. All responses are anonymous. MoneySense does not keep your email address for this survey. That said, feel free to sign up for one or all three of the free MoneySense newsletters. .... More »
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Compare high-risk auto insurance quotes for Ontario + MORE Feb 5th

The cost of auto insurance—which is required for drivers in Canada—can vary widely. Why? Because it’s all about risk. How risky your car is—is it prone to safety issues that could cause an accident? Is it a car-thief magnet? How risky your neighbourhood is—whether you live in an urban or r.... More »
A one-of-a-kind solution is helping Canadians build a better financial futureCoast Capital, the country’s largest federal financial cooperative, with nearly 600,000 members, is helping Canadians get a leg up with its new Elevate Chequing Account which could help you advance your career and potentially get paid more. Forget everything you think you know about a chequing account, because Coast Capital is rewriting the rules and redefining what it means to have a long-term relationship with its members.

Building better financial futures

Sure, you get all the premium banking features you’d expect, including free Interac e-Transfers, more included ATM transactions, credit card rebates and online ID theft monitoring, but the Elevate Chequing Account also comes with access to Coursera’s global online learning platform for free. (Limitations apply. Visit coastcapitalsavings.com/elevate to learn more.) Valued at $538 per year, this benefit gives individuals and entrepreneurs the opportunity to learn in-demand skills and earn industry micro-credentials to help boost their earning potential…

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How to build credit history in CanadaIn Canada, a credit history is a person’s track record of using credit (borrowing money) and repaying debt. Your credit history can affect many aspects of your financial life—from getting approved for a credit card or renting an apartment to taking out a mortgage or a car loan, among other things. In some instances, even potential employers may check your credit report (a summary of your credit history).

If you’re a newcomer to Canada, a recent graduate, a student or a young adult, your credit score—a number calculated based on your credit history—is likely low or non-existent, meaning that you don’t have enough credit activity to even determine a score. One of the most beneficial things you can do for your financial health is to learn how to build your credit history in Canada.

Featured CREDIT CARDS

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Balance transfer credit card

An ideal option for cardholders looking to consolidate and manage debt, the card has a 0% balance transfer offer for 12 months (with 3% transfer fee)…

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