Prepaid credit cards are the next big thing among Canada’s big banks, who are touting them as a risk-free way to shop online, teach kids about credit use, and securely replace cash. However, they come with a healthy helping of fees. Here’s what you should know.
Some of the new RBC bank fees, which were slated to launch in June, will be reversed, the lender announced today. The bank changed its stance on fees due to intense consumer backlash regarding “pay to pay” charges. Here’s what consumers should know.
The CMHC Q1 Report has been released, and it calls for a slight slowdown in housing activity in Canada this year. What will affect buyers and sellers? Read on to find out.
Canadians may be a loyal bunch when it comes to the “Big 5” lenders – but even the most dedicated consumer would switch banks for significant savings. A recent survey conducted by RateSupermarket.ca, Canada’s comprehensive rate comparison site, found 84% of consumers would consider a switch – as long as they’d save an average of $644.43.
Manulife Bank of Canada lowered their rate to 2.89%, only to retract it due to Finance Minister Jim Flaherty’s urging.