Announcing the Best of Finance 2013! We are so proud to share this year’s rankings with you, which highlight finance products with the highest value. Read on for the winners in credit cards, mortgages, learning resources and more!
In other news, Canada’s housing market was thrust back into the spotlight this week, as news of lender mortgage rate cuts abounded and the Bank of Canada rolled out its latest interest rate announcement. It has many wondering if this winter is a prime time for jumping into the housing market – be sure to check out our coverage of the announcement below, as well as this week’s Mortgage Spotlight to get caught up.
Canadians To Cash In With Best Of Finance Awards
What credit card earns the greatest rewards? Are all bank accounts built alike? Many Canadians aren’t offered these answers when seeking out the best personal finance products for their needs, despite what they could be saving. To fill this knowledge gap, RateSupermarket.ca has unveiled the 2013 edition of the Best of Finance Awards, a ranking of the very best credit cards, mortgages, bank accounts and more.
Read Penelope’s Blog | Canadians To Cash In With Best of Finance Awards
Stephen Poloz: Inflation Is Canada’s Main Concern
This week, the Bank of Canada announced no change for its Overnight Lending Rate, the central interest rates that set the benchmark for the cost of borrowing in Canada. Governor Stephen Poloz followed the announcement with a few statements on our economy’s biggest risk factors. Read on for his main takeaways.
Read Rubina’s Blog | Inflation is Canada’s Main Concern
RBC And Other Lenders Cut Fixed Mortgage Rates
Royal Bank of Canada covertly cut several of their fixed mortgage rates last weekend, by 10 basis points each. Now, Scotiabank, TD and BMO have jumped into the fray with discounts of their own. Are we in for another mortgage rate war? Read on to find out!
Read Penelope’s Blog | RBC And Other Lenders Cut Fixed Mortgage Rates
And in case you missed out on this week’s headlines…
Don’t Let The Polar Vortex Freeze Your Finances
This has been an especially costly year due to natural disasters, and the recent polar vortexes mean Canadians should remain prepared. It can be tempting to turn to credit to cover surprise costs during emergencies like the ice storm, but are you better off dipping into savings?
Read Sean’s Blog | Don’t Let The Polar Vortex Freeze Your Finances
Get The Down Low On Series D Mutual Funds
Investing can be overwhelming for many – and a good financial advisor can be of utmost value. However, some savvy investors prefer to take a more hands-on approach to their investing, preferring fewer advisor services from their mutual funds in exchange for lower fees. Series D funds have been introduced as the perfect fit for do-it-yourself investors – but are they a good fit for your investing needs?
Read Andrew’s Blog | Get The Down Low On Series D Mutual Funds
Why Wind Mobile’s Auction Withdrawal May Mean Higher Bills
Competition in the wireless market suffered a major blow last week, when Wind Mobile announced it is withdrawing its plan to bid in Canada’s latest spectrum auction. Not only is this bad news for wireless customers who pay among the highest mobile rates in G8 countries, it’s also bad news for Industry Canada and their mandate to introduce competition to the mobile space.
Read Seans Blog | Why Wind Mobile’s Auction Withdrawal May Mean Higher Bills
Desjardins Group Acquires State Farm Canada
Desjardins Group recently announced it will acquire State Farm Canada’s life, casualty and property insurance businesses. How will existing State Farm clients be affected? Read on to find out.
Read Sean’s Blog | Desjardins Group Acquires State Farm Canada
Does news of mortgage rate cuts make you want to refinance your rate, or jump into the housing market?
That’s a wrap for this week! Thanks for tuning in, and be sure to check out our Best of Finance winners – they’re sure to save you big.