Canada’s online banks are innovating and stealing market share faster than most people thought possible a couple of years ago. According to the Canadian Bankers Association, 78% of Canadians now do most of their banking online - and that number just keeps climbing. This shift has proven to be a lot more than a short-term trend or pandemic blip. The move to digital banking appears to be permanent, and it’s not surprising when you think about it. For most people, managing money online is qu...| Million Dollar Journey
View the daily average exchange rates. Published once each business day by 16:30 ET.| www.bankofcanada.ca
While Canadian technology stocks have been some of the fastest growing stocks on the Toronto Stock Exchange over the last decade (especially during the pandemic), they are still a relatively small part of our investing ecosystem. We have a lot of great Canadian dividend stocks, Canadian bank stocks, Canadian energy stocks, etc. But when it comes to tech stocks in Canada, they only make up about 5-6% of our publicly traded stocks. (That’s according to the FTSE Canada All-Cap Index.) By co...| Million Dollar Journey
With more and more options available, choosing the best chequing account in Canada isn’t as easy as you might assume. When was the last time you wrote a cheque anyways? You’re probably not pulling out a cheque book at the grocery store or using it to settle monthly bills. I’d reckon you’re paying most bills these days via e-transfer, with a credit card, or with a mobile banking app. While we no longer spend hours each month writing cheques or balancing our checkbooks, the need for...| Million Dollar Journey
Find exchange rates, along with supporting data and background information.| www.bankofcanada.ca
Now that second quarter earnings are in, I felt like it was an optimal time to update our 2024 Canadian bank stocks article. Ever since I started this website back in 2008, Canadian bank stocks have been reader favourites. The slow-steady-dependable nature of these companies makes them a natural fit for dividend lovers and Canadian retirees, and that’s why several of the banks occupy prominent spots on our Best Canadian Dividend Stocks List. Interest rates can’t go down fast enough for Ca...| Million Dollar Journey
As we look ahead to summer and the second half of 2025, it’s time for an updated look at the Best Online Brokerages in Canada. With RRSP season in the rearview mirror – and what might be shaping up to be another round of “tariff season” drama ahead – now’s the time to lock in the easy DIY investing wins. I’ve been writing about Canadian online brokers for nearly 20 years, and the changes in the space have been massive. Fees have plunged, platforms are smoother than ever, and com...| Million Dollar Journey