Skip to main content

The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.







It's About Time



Mike Holman of the MoneySmarts blog has filled one of the very few remaining holes in the Canadian personal finance bookshelf with a new book on registered retirement education plans.

Story continues below advertisement



Your Morning Smile



Canada Savings Bonds rates have been announced - 0.65 per cent this year for regular CSBs and 1.1 per cent for Canada Premium Bonds (they step up to 1.4 per cent and 1.7 per cent in the next two years). OK, interest rates are ultra low these days, but this is ridiculous.



Much higher rates are available in both GICs and high-interest savings accounts issued by small banks and credit unions (all protected by deposit insurance). To survey the entire market, try the Savings Rate & GIC Comparison Tool located on Globeinvestor's Personal Finance page.





















Mortgage Rate Outlook



The Canadian Mortgage Trends blog notes that yields on five-year Government of Canada bonds have hit a 17-month low at a tick less than 2 per cent. If yields stay this low, it could create room for discounted five-year mortgage rates to edge a little lower. As go five-year Canada bonds, so go five-year mortgages.







New Travel Card



An overview of the brand new American Express Gold Rewards card, which offers points that can be used to book any type of travel, or to earn airline frequent flyer points.

Story continues below advertisement





































Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, login and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include:

Business Ticker, a summary of the day's top business stories

Berman's Market Update, a summary of the markets at the open, noon and close

Trade by Numbers, a monthly collection of articles exploring an investing trend or theme

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.