Frequently Asked Questions or FAQs

Discover why grocery prices are on the rise in Canada due to factors like geography, climate, currency exchange rates, lack of competition, and taxes. Learn how to navigate the situation as a consumer and make smart choices to manage your grocery budget effectively.

ICICI bank is a safe choice to keep our money because the bank is in the hands of strong management. Additionally, when compared to earlier quarters, the bank delivered better results and showed improvement in factors like the Capital Adequacy Ratio (CAR) and NPA ratio.

HDFC bank is undoubtedly a safe bank in India. The bank is India's largest private bank in terms of market capitalization and has also been ranked India's No. 1 bank in Forbes' World's Best Bank Report.

The Axis Bank is a safe bank because it satisfies all criteria necessary to fall under the category of a safe bank. The PCR and CAR ratios of Axis bank are also in the safe range, i.e., 18.54% and 77%, respectively.

PNB accounts cannot be closed online. To close the account, go to the bank branch where you opened your bank account. Submit a duly filled and signed account closure form to the bank manager.

You might have heard or read about the emerging and fast-growing fintech sector across the globe. There are numerous fintech companies that are outperforming and making a mark in this dynamic corporate world. Talking of Canada, Koho Financial seems to be a great fit in this category. Let's discover more on it.

Toronto is not only the business and financial capital but the fintech capital of Canada as well. Let's peak into some more details on Canada's fintech hub, an attractive place for startups and entrepreneurs.

The general minimum wage in Ontario, Canada is $15.50 per hour for the period 1st Oct 2022 to 30th September 2023. The Minimum wage rate to be effective from 1st October 2023 is $16.55 per hour, is this something to be happy about?

Explore Canada's vast and diverse regions, each with its own distinct charm and intrigue. Get lost in the rocky wildness of the Northwest Territories or immerse yourself in the vivid energy of Ontario's busy downtown. Discover the various areas and regions that comprise this wonderful country.

Do you have any thoughts of closing your ICICI Bank account? The procedure for cancelling a bank account might be a little difficult, whether you're shifting or changing to a new bank. To make the process of closing an ICICI Bank account as easy as possible by guiding you through it.

Is Yes Bank Safe? For checking this we must have a look at the bank's financial stability, measures taken to protect deposits, and precautionary steps to take if concerned.

Norway has been ranked as the country with the highest financial literacy rate in the world, with a score of 71 out of 100 in the 2021 Standard & Poor's Global Financial Literacy Survey. This is due to the country's strong educational system and comprehensive financial education initiatives that have helped its citizens develop a strong understanding of financial concepts and practices.

Some of the most popular money transfer apps in Canada include PayPal, TransferWise, and Remitly, each with unique features and benefits to suit your needs. Start exploring now and find the best app for your money transfer needs in Canada.

Norbert's Gambit is a cheap method to convert CAD to USD and vice versa using an online discount brokerage account. It is named after its founder Mr. Norbert Schlenker.

You will save a considerable amount on conversion fees, by following the Norbert's Gambit. Our calculations suggest that you can save around $2,100 CAD for converting $100,000 CAD into USD.

Using Norbert's Gambit is worthwhile given some conditions - when you do not have to convert your currency immediately and/ or when you need to convert a large sum of money.

In Norbert's Gambit, you need to buy, journal and sell DLR ETF. It takes around 5 business days for the Norbert's Gambit process to be completed.

Norbert's Gambit process has various steps starting from buying DLR.TO, journaling the shares, selling DLR. UTO, and finally selling the shares in the US stock exchange.

Yes, Norbert's Gambit method of currency conversion is legal in Canada. It is not restricted by any registered authorized of Canada.

There are 50 Dimes in a roll in Canada. A dime is valued at 10 cents and with 50 dimes in a roll, it makes your roll of dimes worth $5.