The Big Six banks will fleece you – if you let them
March 21, 2018A federal agency has stripped away any remaining pretense that banks are trustworthy providers of advice, assistance, guidance, help or anything else along those lines. The Financial Consumer Agency of Canada said in a report issued Tuesday that the corporate...
Higher Deposit Rates May Finally Be Coming to Your Bank Account
March 19, 2018With Fed poised to raise interest rates a sixth time, savers so far have seen few rewards Is the sixth time the charm? The Federal Reserve has raised short-term rates five times since late 2015, but banks largely stood pat...
Don’t delay if you want to lock in a 3% yielding GIC
March 09, 2018Safe alternatives to volatile stock markets are starting to look more palatable than they have in a while. You can now lock in a 3-per-cent return on five-year guaranteed investment certificates sold by online brokerage firms. Yields of 3 per...
Where did higher rates for savers go? Right to the banks’ bottom line
March 06, 2018If there is any suspense about whether the Bank of Canada will raise interest rates on Wednesday, it's strictly from the borrower's point of view. Whether the central bank leaves rates untouched or raises them, it makes little difference to...