There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Latest News
Ayana Forward, financial advisor + MORE Feb 18th
Meet Ayana Forward
Ayana Forward is a Certified Financial Planner based in Ottawa, Ont. She owns Retirement in View, a fee only financial planning firm that specializes in helping clients within one to five years of retirement navigate the financial and lifestyle aspects of transitioning out of t.... More »
New year, new spending habits Dec 5th
Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.
Money mistake #1: Not paying off debt quickly
If you’re in the red, you.... More »
“How can I lower my auto insurance bill during COVID-19 lockdown?” + MORE May 2nd
On April 8, 2020, the Insurance Bureau of Canada released the following statement:
To help Canadians cope with the financial impact of COVID-19, the Insurance Bureau of Canada (IBC) member companies are offering substantial consumer relief measures. For consumers whose driving habits have changed si.... More »
Our roundup of the best tax tips for Canadians + MORE Nov 14th
Tax tips are like opinions—everyone has one. But the key is to listen to the ones you can trust. That’s why we rounded up our favourite expert tax advice. Regardless of whether you are doing your taxes yourself, or you have someone do them for you, you will find most of these helpful to your tax.... More »
Detox your spending and experience better financial health + MORE Jan 2nd
Using your creativity and resourcefulness to stop spending for a week on anything but essentials will give you more savings and less stress; you win both ways, Lesley-Anne Scorgie writes..... More »
Business Highlights
– canadianbusiness.com
___
Thawing out: Warmer temperatures lift US economy
WASHINGTON (AP) — Spring’s thaw is reviving the economy, too.
A recent batch of government and business reports show a U.S. economy emerging from winter’s deep freeze.
Economists had expected growth to accelerate in 2014 after two years of slow and steady improvement. But an unusually bitter winter sent factories, hiring and consumer spending into hibernation.
Now, as temperatures rise, the economy is regaining momentum. Factories are busier. Consumers are spending more. Banks are making more loans to businesses. Companies have bigger plans to invest in plants and equipment. And the improvement appears to be widespread across the country.
___
Court to hear dispute over Internet TV broadcasts
WASHINGTON (AP) — Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big U.S. media companies are back and now trying to rein in another technological innovation they say threatens their financial well-being…
Thawing out: Warmer temperatures lift US economy
WASHINGTON (AP) — Spring’s thaw is reviving the economy, too.
A recent batch of government and business reports show a U.S. economy emerging from winter’s deep freeze.
Economists had expected growth to accelerate in 2014 after two years of slow and steady improvement. But an unusually bitter winter sent factories, hiring and consumer spending into hibernation.
Now, as temperatures rise, the economy is regaining momentum. Factories are busier. Consumers are spending more. Banks are making more loans to businesses. Companies have bigger plans to invest in plants and equipment. And the improvement appears to be widespread across the country.
___
Court to hear dispute over Internet TV broadcasts
WASHINGTON (AP) — Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big U.S. media companies are back and now trying to rein in another technological innovation they say threatens their financial well-being…
A 2.5% high interest savings account sounds better than it is
– moneysense.ca
The battle for your cash is on. A recent survey for the newly re-branded Tangerine found that 59% of Canadians expect a tax refund this year with 37% banking on a refund of $1,000 or more. It’s no wonder online banks including Tangerine as well as PC Financial have both announced 2.5% promotional interest rates on new deposits until June 30 to coincide with tax refund season as well as the closure of Ally bank by RBC on April 30.
While 2.5% looks at least twice as good as the typical high interest savings account, I wouldn’t recommend moving your money because of it. The extra interest on a new $5,000 deposit will only net you an extra $25 or so between now and June 30.
Having said that, if you were looking to open a high interest savings account with an online bank anyway, now is as good a time as any. Be sure to choose the TFSA version of the high interest savings account if you still have contribution room to maximize the benefit.
If you don’t need the money in the short term however, consider investing it in an RRSP for even greater tax efficiency or investing the funds within your TFSA to increase your chances of at least outpacing inflation…
While 2.5% looks at least twice as good as the typical high interest savings account, I wouldn’t recommend moving your money because of it. The extra interest on a new $5,000 deposit will only net you an extra $25 or so between now and June 30.
Having said that, if you were looking to open a high interest savings account with an online bank anyway, now is as good a time as any. Be sure to choose the TFSA version of the high interest savings account if you still have contribution room to maximize the benefit.
If you don’t need the money in the short term however, consider investing it in an RRSP for even greater tax efficiency or investing the funds within your TFSA to increase your chances of at least outpacing inflation…
Thawing out: After a bitter winter, warmer spring temperatures are revitalizing the US economy
– canadianbusiness.com
WASHINGTON – Spring’s thaw is reviving the economy, too.
A recent batch of government and business reports show a U.S. economy emerging from winter’s deep freeze.
Economists had expected growth to accelerate in 2014 after two years of slow and steady improvement. But an unusually bitter winter sent factories, hiring and consumer spending into hibernation.
Now, as temperatures rise, the economy is regaining momentum. Factories are busier. Consumers are spending more. Banks are making more loans to businesses. Companies have bigger plans to invest in plants and equipment. And the improvement appears to be widespread across the country.
“The weather really played havoc. There were ice storms in Georgia. That is not something you see every day,” said Michael Dolega, senior economist at TD Economics. “Now, as Americans have dug themselves out and everything has melted, you’re going to get a bounce back.”
An index based on several leading economic indicators— including employment, consumer confidence, stocks and interest rates — shot up for the third straight month in March, the Conference Board, a business research association, said on Monday…
A recent batch of government and business reports show a U.S. economy emerging from winter’s deep freeze.
Economists had expected growth to accelerate in 2014 after two years of slow and steady improvement. But an unusually bitter winter sent factories, hiring and consumer spending into hibernation.
Now, as temperatures rise, the economy is regaining momentum. Factories are busier. Consumers are spending more. Banks are making more loans to businesses. Companies have bigger plans to invest in plants and equipment. And the improvement appears to be widespread across the country.
“The weather really played havoc. There were ice storms in Georgia. That is not something you see every day,” said Michael Dolega, senior economist at TD Economics. “Now, as Americans have dug themselves out and everything has melted, you’re going to get a bounce back.”
An index based on several leading economic indicators— including employment, consumer confidence, stocks and interest rates — shot up for the third straight month in March, the Conference Board, a business research association, said on Monday…
How Congress Can Fight the Alzheimer's Epidemic
– online.wsj.com
Delaying the disease’s onset by five years would mean billions in health-care savings.
Barrick, Newmont merger hinges on savings – The Globe and Mail
– news.google.ca
Financial PostBarrick, Newmont merger hinges on savingsThe Globe and MailThe market is betting Barrick Gold Corp. could still pull off a multibillion-dollar takeover of Newmont Mining Corp., if the companies can show major cost savings from a deal. Signalling the possibility of a bid, investors on Monday sent Newmont's stock up 6 per …Barrick Gold (T.ABX), Newmont (NEM) merger talk lights up Stockhouse bullboardsStockhouseTSX flat in light trading; TransCanada, gold miners dropReuters CanadaBarrick Gold merger plan may slideTheChronicleHerald.caBusiness Recorder -Financial Post -Waterloo Recordall 159 news articles »
