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Latest News
Top Canadian Credit Card Issuers Cut Interest Rates and Pause Planned Hikes Apr 13th
The COVID-19 pandemic has swept many Canadians into unanticipated financial uncertainty. Mass temporary layoffs and job losses have left hundreds of thousands of people wondering how they are going to pay their rent and credit card bills in the coming months.
While the federal government is taking .... More »
How do men age? Here’s why the answer is ‘poorly’ + MORE Oct 16th
How Men Age by Richard G. Bribiescas (No credit)
HOW MEN AGE
By Richard G. Bribiescas
Badly, in a word. There’s nothing newsworthy about that, of course; elderly male squirrels have their problems, too. But the lens through which Bribiescas views the issue, evolutionary biology, offers a nuanced e.... More »
Earn up to 200,000 welcome bonus points on the American Express Gold and Platinum consumer & business cards! The best offers of the year! + MORE Jul 16th
A friendly reminder of the summer of big bonuses from American Express who have their best offers this year on their Gold and Platinum consumer and business cards! Continuing on through to August 18, 2025 there are elevated welcome bonus offers on the American Express Gold Rewards Card, American E.... More »
Limit business partners' access to your credit Dec 26th
Don't let partners in small business sink your credit by ringing up charges on a card in your name..... More »
It’s Never Too Early to Think about Holiday Shopping + MORE Sep 23rd
While it may seem a bit early – especially if you’re still basking in the neverending summer heat in Southern Ontario – now is the time that retailers really start thinking about the holidays.
Whether looking at November’s Cyber Monday or the big Christmas push, smart merchants .... More »
The Bank of Montreal’s second quarter profit fell to $973 million, down three per cent from a year ago, as it took bigger provisions for credit losses and restructuring expenses.
Bank of Canada holds interest rate at 0.5%
– moneysense.ca
The Bank of Canada’s key interest rate will remain at 0.5 per cent, as widely expected.
Even still, economists will be scrutinizing the central bank’s statement for clues about how it views the economy.
The last time the Bank of Canada made a rate announcement it raised its expectations for economic growth in its monetary policy report.
However, the massive forest fire in Alberta that resulted in oilsands production shutdowns earlier this month have cut into expectations for the economy in the second quarter.
The problems are compounded by recent economic data that has suggested the first quarter will end on a weak note.
The Bank of Canada’s target for the overnight rate is a key factor affecting the rates set by Canada’s big banks for variable rate mortgages and lines of credit.
Bank of Montreal senior economist Robert Kavcic wrote in a recent note to clients that the recent run of economic data has been soft, especially the trade figures.
“Look for a relatively straightforward policy statement from the Bank of Canada, with no move on interest rates but a somewhat more cautious tone than in April,” Kavcic said…
Even still, economists will be scrutinizing the central bank’s statement for clues about how it views the economy.
The last time the Bank of Canada made a rate announcement it raised its expectations for economic growth in its monetary policy report.
However, the massive forest fire in Alberta that resulted in oilsands production shutdowns earlier this month have cut into expectations for the economy in the second quarter.
The problems are compounded by recent economic data that has suggested the first quarter will end on a weak note.
The Bank of Canada’s target for the overnight rate is a key factor affecting the rates set by Canada’s big banks for variable rate mortgages and lines of credit.
Bank of Montreal senior economist Robert Kavcic wrote in a recent note to clients that the recent run of economic data has been soft, especially the trade figures.
“Look for a relatively straightforward policy statement from the Bank of Canada, with no move on interest rates but a somewhat more cautious tone than in April,” Kavcic said…
Rate survey: Average card APR remains at 15.19 percent for a 6th week
– creditcards.com
May 25, 2016: Interest rates on new credit card offers held still this week, according to the CreditCards.com Weekly Credit Card Rate Report.
