Insights on loans, banking, investments, and financial planning in Canada
This comprehensive guide demystifies BDO Personal Loans, detailing their operations within the Philippines. We clarify why these loans are not available through Canadian institutions like TD, RBC, BMO, Scotiabank, CIBC, or National Bank, offering a critical comparison for Canadian residents.
Discover how auto equity loans work in Canada. Learn about rates, eligibility, and the application process with major banks like TD, RBC, and CIBC. Find out if leveraging your vehicle's equity is right for you.
Adjustable Rate Mortgages (ARMs) in Canada offer flexibility but come with inherent risks. This guide explores how they work, who offers them, eligibility, and current rates, helping you decide if an ARM is right for your financial strategy.
Navigating unsecured personal loans in Canada can be straightforward with the right information. This guide covers offerings from major banks, eligibility, interest rates, and expert tips to secure the best terms.
While 40-year mortgages are rare in Canada, this guide breaks down their availability, eligibility, costs, and risks, comparing them to standard offerings from major banks like TD, RBC, and BMO.
Navigate the Canadian savings account landscape with our comprehensive guide. We compare offerings from major banks, highlighting interest rates, fees, and eligibility criteria for 2026. Discover how to maximize your savings with competitive options.
The best five-year fixed mortgage rate in Canada is 4.09% insured and the best variable 3.30% as of 7 September 2026, while Big Six posted rates still read 6.09%-6.49%. Bank of Canada held at 2.25% on 2 September, prime is 4.45%, and 80 basis points on a $500,000 mortgage is worth $19,154 over one term.
One-year GICs pay 2.45%-2.85% at the Big Six against 3.30%-3.80% at online banks and up to 4.05% through brokers; over five years 2.75%-3.45% against 3.90%-4.30%. All are CDIC-insured to $100,000 per depositor per category, and terms beyond five years have been covered since 2020.
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