What are the big 5 banks in Canada?
What are the big five banks in Canada? Ugh, don't even get me started on those Big Five! Royal Bank, TD, BMO, Scotiabank, and CIBC – they're everywhere, right? Seriously, it's kind of scary how much power they seem to have. Like, is it just me, or does it feel like a total monopoly? I mean, it's convenient, I'll give them that. I've banked with TD my whole life, mostly out of habit, I guess. But lately... I've been wondering if I'm getting ripped off. Are we really getting the best interest rates? The best deals on everything? I'm starting to think maybe not.
My cousin, Sarah, she switched to a credit union a few years ago. She swears she's saving a ton of money. I should probably ask her more about it. Maybe they're more personal, more flexible. You know? It's just so overwhelming thinking about switching, though. All that paperwork! It feels like such a big hassle. But then again, is it a bigger hassle than potentially losing thousands of dollars over the years? Hmm, something to think about. I really should look into those smaller credit unions – maybe even just get some info to compare. You know, just to see.
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