The best cash back credit cards in Canada for 2024 + MORE Sep 27th

The “Big Five” Canadian banks offer investment funds 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). Let’s explore the best place for you to invest.
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Making sense of the markets this week: September 29, 2024Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

The Chinese government commands the economy to grow

Many people like to sort countries’ economies as either communist, socialist, capitalist or free markets. But these days, every country has some version of a mixed economy. The practical implementation of fiscal and monetary policy is becoming increasingly more grey than our old black-and-white economics textbooks would have us believe. Yet, even within the grey, China’s approach for its economic system is uniquely difficult to define.

Back in 1962, when asked about building a socialist market economy, future China leader Deng Xiaoping famously said, “It doesn’t matter whether the cat is black or white, so long as it catches mice.”

Well, the current China leaders have let the fiscal and monetary cats out of the bag, and they’re hoping those cats are hungry…

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Cash back credit cards are an extremely popular type of rewards card in Canada. Each cash back credit card has its own features and benefits, so you’ll want to compare the annual fee, earn rate and any additional benefits before you apply.

Credit card comparison tool

Compare your options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.

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Best cash back cards by category

To help you pick the right card we’ve put together a list of our favourites based on different categories.

Best card by categoryWhy we love itBest overall cash back credit cardSimplyCash Preferred Card from American ExpressAnnual fee: $1204% back on groceries and gas 2% on all other purchases (everything from online shopping to travel and more)Honourable mention: Best overallCIBC Dividend Visa InfiniteAnnual fee: $1204% back on groceries and gas, and Visa’s widespread acceptanceBest no-fee cash back cardSimplyCash from American ExpressAnnual fee: $02% back on groceries and gasAt least 1…

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