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Canada’s Top No-Fee Cash-Back Credit Cards for 2025

  Looking to earn rewards without paying an annual fee? Canadians have access to a variety of cash-back credit cards that offer impressive perks with zero yearly cost. Whether you're fueling up, grocery shopping, or just handling everyday expenses, these cards help you stretch your dollars further. Here’s a roundup of the top 10 no-annual-fee cash-back credit cards in Canada for 2025: Top Picks SimplyCash® Card from American Express 1.25% cash back on all purchases Welcome bonus: Up to $100 cash back  Annual fee: $0 Rogers Red World Elite® Mastercard® 1.5% average cash back Great for U.S. dollar purchases  Annual fee: $0 Tangerine Money-Back Credit Card 2% cash back in up to 3 categories of your choice Welcome bonus: $60 + 10% extra cash back for 2 months Annual fee: $0 Neo World Mastercard® Up to 15% cash back on first-time purchases Best for retail shopping Annual fee: $0 CIBC Costco Mastercard® Best for restaurants and Costco purchases A...
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Inflation Rise in June Likely Halts BoC Rate Cut Plans

Canada’s annual inflation rate edged up to 1.9% in June, according to Statistics Canada, marking a slight increase from May’s 1.7%. The uptick, driven by higher prices for new and used vehicles, durable goods, and clothing, has tempered expectations of a rate cut from the Bank of Canada (BoC) at its upcoming July meeting.

Gasoline prices remained nearly flat, but the slower decline compared to last year contributed to the overall inflation increase. Meanwhile, grocery inflation eased, with fresh vegetable prices falling for the first time since 2021.

Core inflation metrics—closely watched by the BoC—showed mixed signals. The CPI-median rose slightly to 3.1%, while CPI-common and CPI-trim held steady. These figures suggest underlying price pressures remain persistent, reinforcing the central bank’s cautious stance.

With economic uncertainty heightened by new U.S. tariffs and uneven growth, analysts believe the BoC will likely hold its policy rate steady in July, opting for a wait-and-see approach until inflation trends become clearer.


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