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Best Cashback Credit Cards in Canada 2026 — Complete Guide

  Published: April 2026 | Reading time: 12 min | Category: Credit Cards, Personal Finance, Money Saving Tips If you're not using a cashback credit card in Canada, you're leaving real money on the table every single month. The best cashback cards in 2026 are paying 2%, 3%, even 4% back on everyday purchases like groceries and gas — expenses you're making anyway. This guide ranks the best cashback credit cards available to Canadians right now, breaks down exactly who each card is best for, and shows you how to stack cards for maximum returns. Why Cashback Cards Beat Points Cards for Most Canadians Travel points cards get all the attention, but cashback is simpler, more flexible, and often more valuable for the average Canadian household. Here's why: No blackout dates, no expiry, no restrictions — cash goes straight to your statement or bank account Easy to calculate value — 2% back on $1,000 = exactly $20. No guessing at "point values" Works for ...
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Canada Commits to Buying 12 New Submarines to Boost Defense Capabilities

 

In a significant move, the Canadian government has announced its intention to acquire 12 conventionally-powered submarines. The decision comes after mounting criticism of Canada’s defense spending by allies, particularly the United States. These new submarines, designed for under-ice operations, will replace the aging Victoria-class boats currently in service.

Key Points:

  • Massive Acquisition: The submarine program is estimated to be worth at least $60 billion Canadian dollars, attracting interest from shipbuilders worldwide.
  • Sovereignty and Security: With the longest coastline globally, Canada aims to protect its sovereignty and contribute to the security of its partners and NATO allies.
  • GDP Target: The investment in submarines will help Canada meet the 2 percent GDP target for defense spending.
  • Procurement Process: The Department of National Defence is engaging with manufacturers and potential partners, with a formal request for information expected in fall 2024.
  • Global Interest: Shipbuilders from Sweden, Germany, Spain, France, Japan, and South Korea are among those vying for the contract.

This strategic move underscores Canada’s commitment to enhancing its naval capabilities and ensuring maritime security in a changing world. The acquisition of these submarines represents a significant step forward for the Canadian Armed Forces and reinforces their role within NATO.

Note: The exact cost, delivery timeline, and specific shipbuilders are yet to be confirmed, but this announcement signals a decisive shift in Canada’s defense posture.


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