My latest @GlobeVideo asks: Could interest rates stay low for the next 20 years? YES, says @fvettese1 https://t.co/DTlXX85RD1
— Rob Carrick (@rcarrick) February 1, 2016
Author: Admin
Equitable (EQ) Bank Launches in Canada and Offers 3% Interest for Savings
A 3% interest rate is the best we know of. The EQ Bank may not keep this rate forever but they are a new bank and are clearly using this as a way to attract new customers.
They offer options for no monthly fees and no minimum balances and other things that we like to see. Please note that debit cards are not currently available and this is an online/electronic only bank.
Visit eqbank.ca for more information.
Canadians Urged to Review 2016 Finances after Changes to Tax Rates, TFSA limit
Do you file Canadian taxes? Consider reviewing your financial plan: https://t.co/tbgioS8LtX #Canada #finance
— Money Advisor WM (@MoneyAdvisor_WM) December 31, 2015
Oaken Financial’s GIC Rates
We found Oaken Fiancial’s GIC rates to be decent. We were eyeing the TFSA and RSP options in particular. You can see their rates here and do write in to us if you know of better rates.
PC Financial Offers 2.5 Interest on Certain TFSA and RRSP Accounts
It’s the right time to take advantage of a great rate.
Between January 1 and March 31, 2016, you can earn 2.5%* interest on new deposits in these TFSA and RRSP accounts:
- Tax-Free Interest PlusTM Savings Account
- Interest Plus RRSP
With PC Financial, it’s easy to start saving. You’ll earn a great rate on every dollar with no fees and no minimum balance required.
See their website page about this promotional offer for more information.
Ten Warning Signs for Canadian Investors in 2016
Carrick best reads: Ten warning signs for investors in 2016. https://t.co/rP6ObHr8Jq
— Rob Carrick (@rcarrick) December 11, 2015
2.4% Interest and $50 Bonuses for New Tangerine Clients
See Tangerine’s promotion page for more information. The interest is for six months then it drops down to the current posted rate.
If you can live without physical bank locations then Tangerine remains our favourite Bank.
Will the Liberal’s Tax Changes Benefit You?
A smart analysis of who benefits from the Liberal tax changes from @Geddes28 https://t.co/tRcHEOxmS0
— Rob Carrick (@rcarrick) November 5, 2015
Canada Needs a Seismic Shift in Financial Literacy
Canada need a seismic shift in financial literacy says @ConsolidatedCA https://t.co/Lhphw4aKXD #Finance #Economy #CDNpoli #Canada
— ZubeirB (@ZubeirB) November 3, 2015
Further Predictions about Canada’s Economy
The Greater Fool is one of our favourite sources for useful and blunt Canadian financial information. This recent ominous post puts forward the prediction of a 70 cent (against the US dollar) CAD dollar.
Remember, oil is Canada’s big export. Commodity prices are at a 16-year low. And it’s all about to get worse – on December 16th.