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by Rateseer Team

The Bank of Canada raised its key lending rate

The Bank of Canada raised its key lending rate to 1. 25 on January 17, 2018. This is the highest the benchmark rate has been since 2009. What does this mean and how will it impact Canadians? Following the BOC rate increase, Canada's biggest 5 Banks - Scotiabank, TD Canada Trust, RBC, BMO and CIBC - all raised their prime lending rate by a quarter percentage. The amount of interest ...

by Rateseer Team

Financial Goals Calculator

The Financial Consumer Agency of Canada offers a number of services and information for Canadian consumers. The information provided on their website includes financial literacy programs and some handy tools and calculators. One of our favourite tools is the Financial Goal Calculator. From the dashboard you can select a plan to get out of debt, or, set a savings goal. Both are easy to navigate and definitely worth your time.

by Rateseer Team

iAB Financial

Did you know that as of November 13, 2017, iAB Financial was transitioned into FirstMerchants Bank? The merger was initially announced in February 2017. As stated on the website, "Customers of iAB Financial Bank will now have access to over 100 First Merchants Bank locations. " For more information visit the welcome announcement on the First Merchants Bank website.