Banking
When someone sends money abroad, the international transfer often occurs through a messaging system known as the Society for Worldwide Interbank Financial Telecommunications (SWIFT). This system consists of a messaging network of banks and other financial institutions that send and receive information necessary to perform a financial transfer. This article provides a complete guide to […]
Should you open a Simplii High Interest Savings Account? It’s an unfortunate truth, your money loses value over time; that’s inflation for you. Everyone should have an account for emergencies. Unfortunately, the rates on traditional savings accounts leave a lot to be desired. A high interest savings account (HISA) can help make the most of […]
The current prime rate in Canada is 6.7%, as of January 2023. Sometimes called the prime lending rate, the prime rate is the annual interest rate financial institutions charge their most creditworthy customers. For clarity, ”prime” means ”best”. If you’ve ever applied for a mortgage, line of credit, or another type of loan, you’re exposed […]
Vous rêvez de voir fructifier l’argent de votre compte d’épargne grâce à un rendement plus élevé? Un compte d’épargne à intérêts élevés est la solution! Les banques canadiennes ainsi que diverses institutions financières vous écoutent! Elles mettent à votre disposition un éventail complet de comptes d’épargne à intérêts élevés. Les choix sont partout au Canada. […]
We’ve reached the end of the road in our Banknotes of Canada series. If you thought we were done with the Canadian 100 dollar bill, then we have a list of five things you don’t know about the Canadian 1000 Dollar bill. The fact that Canada even had a 1000 bill is something noteworthy for […]
Canadian banknotes are constantly changing, attempting to craft a national identity and reflect an ever-changing society, as this article and the rest of our Canadian Banknote Series attest. With the Canadian 5 and 10 dollar bills undergoing vertical transformations and design changes, it seems likely that the Canadian 100 dollar bill will undergo a similar […]
“My precious” is kind of the nickname you should give to your Social Insurance Number (SIN) and you’ll find out why in this article. You’ll see what a SIN is, who issues it, what it’s for, who can ask for it, where you can manage the loss of your SIN and whether you can find […]
The moment you start investing, one of the things you look for is investment security because it’s never fun to lose your hard-earned money. However, a Guaranteed Investment Certificate (GIC) is one of the safest investments around. When we talk about an investment, we’re really talking about the careful balance of maximizing return while satisfying […]
PayPal is one of the world’s most popular digital payment services and is used by individual consumers and businesses of all sizes. In addition to being a platform for sending and receiving money nationally and internationally, consumers also use PayPal to make online purchases in the form of one-time payments and subscriptions. For businesses, PayPal […]
The Canadian 50 dollar bill is a rebel. It is orange and prone to controversy. If you can, get a $50 from your chequing account to follow the drama. Canada’s national identity continues to be in flux, attempting to keep up with an ever-changing society. At some point, the $50 bill will get a redesign. […]
The Canadian 10-dollar bill has had its characteristic purple-dominant colour since the “Bilingual Series” of 1937. In “The First Series,” the Canadian 10-dollar bill had uninspiring design. So how did it end up purple with Viola Desmond’s portrait on the obverse? In this article, we’re going to explore the history of the ever-changing Canadian 10 […]
It is trivia time for the 20 dollar bill. This banknote has all the plot points of a dramatic television. We have nudity, bankers, royalty, ambition, war, and of course, scandal. 1: The 20 dollar bill wins the 2004 “Banknote of the Year” The Canadian 20 dollar bill released in 2004, the “Canadian Journey Series”, […]
