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Best Cashback Credit Cards in Canada for 2026

  Best Cashback Credit Cards in Canada for 2026 · moneysavings.ca/canadian Credit Cards Cashback Personal Finance Canada Money Saving Tips Banking 2026 Guide By MoneySavings.ca Editorial Team Updated May 2026 Read time ~9 min With grocery prices up 4–6% this year, your credit card should be working harder for you. We've ranked the top cashback cards so you keep more of every dollar you spend. Every dollar you spend on groceries, gas, and bills is an opportunity to earn money back — yet millions of Canadians are still using cards that give them next to nothing in return. With living costs rising and grocery prices projected to climb another 4–6% in 2026, choosing the right cashback credit card has never mattered more. We've done the legwork: crunching earn rates, annual fees, welcome bonuses, and real-world spending scenarios to bring you the definitive list of Canada's best cashback credit cards for 2026 . How we rank: Our scores weight 30% to groceries, 10% to ...
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Mixed Bank Earnings Offset Cooler-Than-Expected Inflation News

 


On Friday, January 12th, 2024, the US stock market closed with little change as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. The Dow Jones Industrial Average fell 118.04 points, or 0.31%, to 37,592.98. The S&P 500 gained 3.59 points, or 0.08 %, at 4,783.83 and the Nasdaq Composite rose 2.58 points, or 0.02%, to 14,972.76.

Bank of America’s fourth-quarter profit shrank as the lender took $3.7 billion in one-off charges. Wells Fargo’s warning of a 7% to 9% drop in net interest income in 2024 sent the bank’s shares down 3.34%. UnitedHealth fell on higher-than-expected medical costs. Tesla fell after flagging output hit from Red Sea disruption.

The data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday’s hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME’s FedWatch Tool, from 73.2% in the prior session.


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