Financial Product Reviews

When you think about life insurance companies, RBC Insurance doesn't immediately come to mind. But they're a full-fledged life insurance company with a wide range of products. They might be a good fit for you if you want the comfort of knowing your insurance policy is backed by one of Canada's largest, oldest companies. Their rates are competitive and it's easy to get a quote online.

Litecoin launched in 2011 and is a peer-to-peer cryptocurrency that enables instant payments to anyone in the world. Litecoin shares a lot of similarities with Bitcoin, which is the reason why it is often referred to as the digital silver to Bitcoin’s gold.

XRP is a cryptocurrency that's part of Ripple, a privately held company that is building a payment and exchange network. Ripple’s main purpose is to connect banks, money services, and digital exchanges, enabling faster, cost-effective, and frictionless global payments.

With mortgage rates hitting record highs, you may be wondering if a variable rate mortgage is right for you. If rates stay high, you could end up paying more...but if rates go down, you save money on payments. If you're willing to roll those dice, a variable rate mortgage might be right for you.

Founded by 19-year-old Russian-Canadian Vitalik Buterin in July of 2015, Ethereum is an open-source platform that uses blockchain technology to create and power tamper-proof decentralized financial contracts and digital applications. It's currency, ether (ETH), is currently selling at around US$2,224.55 per coin, though this is subject to change regularly.

Bitcoin is the world’s first and most favourite cryptocurrency coin in terms of users, market cap, and value. It's an innovative payment network and a new kind of digital money that can be sent from user to user without the need for intermediaries – meaning, no banks.

Canada Life was established in 1847, becoming the first domestic life insurance company founded in Canada. Today’s Canada Life is an amalgamation of Great West Life, London Life, and Canada Life to form one of the largest life insurance companies in Canada. Each of these companies was founded over 125 years ago, so there's a lot of history there.

If you have U.S. income or other sources of U.S. dollars, you can save on the USD to CAD exchange rate by depositing that money into a U.S. dollar account. The Scotiabank U.S. Dollar Daily Interest Account is one of these. Not only does it give you a place to stash your American dollars, it also has a tiered interest rate that goes up based on your daily balance in the account.

As one of 5 available Scotiabank savings accounts, the Scotiabank Savings Accelerator Account is one of the more unique options you can go with. That’s because you can choose to include it as part of a non-registered or registered investment plan.

The Scotiabank Money Master Savings Account is Scotiabank’s basic savings account. It’s a safe and convenient way to begin saving money, as it has no monthly account fees or minimum balance requirements. It also allows for unlimited no-fee transfers to other Scotiabank accounts, meaning your money is more easily accessible than in traditional savings accounts.