Vancouver millennials in debt due to high home prices + MORE May 12th

Negative items can come off your report sooner in New York, California

Next time you’re in line paying for groceries, instead of pulling out a credit or debit card, depending on which you bank you’re with, you’ll be able to use your iPhone to make a safe transaction with Apple Pay.
1. Who can use Apple Pay?
Right now, only RBC and CIBC are the first of Canada’s five biggest banks to offer it to their users, but it will be coming soon to TD Canada, Scotiabank and Bank of Montreal, according to Apple Pay’s website. The Alberta-based ATB Financial as well as the Canadian Tire Financial Services have also made the service available, but only for MasterCard users, though ATB has stated they are working on allowing debit transactions.
Apple Pay is only available to those with the iPhone 6 or later models. If you’re using an iPad, you’ll be able to make in-app purchases, but in-store purchases are off the table. For those using an Apple Watch, it’s the reverse: you can make purchases in stores, but you can’t make in-app purchases.
Apple Pay comes to Canada this year for Amex users »
For now, if you’re an Android user, you’re out of luck…

NEW YORK – Internet giant Google said Wednesday it will ban all ads from payday lenders, calling the industry “deceptive” and “harmful.”
Google’s decision could have as much or even more impact on curtailing the industry than any move by politicians, as many payday loans start with a desperate person searching online for ways to make ends meet or cover an emergency.
Effective July 13, Google will no longer allow ads for loans due within 60 days and will also ban ads for loans where the interest rate is 36 per cent or higher. The industry will join Google’s other banned categories of ads, such as counterfeit goods, weapons, explosives, tobacco products and hate speech.
“Our hope is that fewer people will be exposed to misleading or harmful products,” said David Graff, Google’s director of global product policy, in a blog post that announced the policy change.
The ban would not impact companies offering mortgages, auto loans, student loans, loans for businesses or credit cards, Google said…

Wall Street JournalEU's Juncker Warns Turkey Over Terror Law ReformWall Street JournalBERLIN—European Commission President Jean-Claude Juncker said Thursday that a visa-free travel deal with Turkey—part of a joint effort to stop Europe's refugee crisis—would be off if Ankara failed to reform terror laws that the European Union argues …Top EU, German officials say ball is in Turkey's court on visa waiver issueCP24 Toronto’s Breaking NewsEU, Germany: Ball in Turkey's court on visa waiver issueDaily MailTurkey 'needs to fulfil deal' to gain visa-free EU travelBBC NewsDeutsche Welle -Reuters -RT -Digital Journalall 161 news articles »

VANCOUVER – A new report says soaring property prices and lower incomes in Vancouver are leaving many young homeowners in debt compared to millennials in 10 other Canadian cities.
Vancity Credit Union finds that a typical couple aged 25 to 34, with a combined annual income of about $72,000, faces a monthly debt of $2,745 after property costs and other essentials such as taxes, food, utilities and transportation.
The report says the lack of purchasing power is greatest in Vancouver, but that so-called millennials in Toronto are close behind with just over $3,300 remaining after housing and other basic costs are paid.
That compares with home-owning millennials in Edmonton, who hang onto more than $47,000 in discretionary funds, the highest in Canada.
The report says that when childcare is added, a Vancouver family with one youngster in full-time care faces a debt of more than $17,000 per year.
8 ways to fix Vancouver’s real estate madness »
Income and household spending costs in the report are based on Statistics Canada data while housing figures based on prices for March 2016 are from real estate boards across the country…