While Canada s largest banks are charging more to lend money due to high interest rates, experts say they are failing to increase savings account rates in a similar way. Aimed at taming inflation, the Bank of Canada began implementing a series of interest rate hikes in March 2022.
Interest rates have skyrocketed. So why hasn't the rate on your savings account budged? cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
MONTREAL When Pablo Mhanna-Sandoval received his offer of admission for law school in the spring of 2022, he immediately started securing a student line of credit.
MONTREAL - When Pablo Mhanna-Sandoval received his offer of admission for law school in the spring of 2022, he immediately started securing a student line of credit.
Grocery prices were up 11 per cent in December compared with a year ago, Statistics Canada said this week. As shoppers grapple with spiralling food costs, some are turning for the first time to tips and tricks long used by older Canadians.
Jim Dandy reads the grocery store flyers every week. It's a habit the 79-year-old retiree picked up in childhood and continued while raising three children during law school.
A report from Equifax Canada published earlier this month found that Canadians 35 years of age and younger owe the least amount of money, but are the worst at paying off their credit card balances.
While enrolled in university, Eloho Orogun was approached on campus to apply for a $500 student credit card, advertised as a means to improve his credit score.
MONTREAL - While enrolled in university, Eloho Orogun was approached on campus to apply for a $500 student credit card, advertised as a means to improve his credit score.