Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Scotiabank walks away from consumer dispute watchdog OBSI Sep 8th
The Bank of Nova Scotia will no longer use an independent banking watchdog to mediate disputes with its customers, leaving just two of Canada's five big banks under the umbrella of the agency known as OBSI..... More »
UK stock market hit by nerves over US banks - BBC + MORE Oct 17th
UK stock market hit by nerves over US banks BBCGlobal bank stocks waver as investors fear credit risks in U.S. regional banks CBCStocks Rise as Trump Reassures on China, Regional Banks Report Bloomberg.comStock market today: Dow, S&P 500, Nasdaq futures sink as c.... More »
Banks Brush Off New Capital Rules, Saying They Have ‘No Impact’ Jan 10th
The Globe and Mail, James Bradshaw, 9 January 2019
The chief executives of Canada’s largest banks are shrugging off tougher capital requirements introduced by the banking regulator, saying the change will have no impact on plans for acquisitions, dividend hikes or share buybacks.
Last June, the .... More »
Canadian Olympic Committee amplifies analytics in deal with data company Jan 18th
The Canadian Olympic Committee is teaming with a big data company to ramp up analytics for athletes.
The COC has announced an eight-year, cash-and-services sponsorship deal with SAS, an analytics software company whose clients include banks, hotels, universities and casinos.
The company’s spor.... More »
The First Home Savings Account is finally here. Here’s how it can save you thousands in taxes Apr 11th
The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free..... More »
Getting The Most Value From Your Travel Rewards
– ratesupermarket.ca
Canadians are clearly believers when it comes to racking up loyalty rewards points.
Nearly three-quarters of us – 72 per cent to be exact – carry at least one credit card that offers a rewards program, according to recent TD Canada Trust research. For more than eight out of 10 cardholders, loyalty perks are a big priority when selecting a card.
However, figuring out exactly how to use those miles or points so you’re not simply wasting them can be a bit confusing. For instance, you can convert points into cash, buy gift cards, book a holiday, transfer them into other loyalty programs or simply buy the bike you’ve had your eye on for a long time.
But what’s a point really worth? With cash back credit cards, the reward you earn is clear: it’s always a percentage of every dollar spent. With other types of rewards though, it’s all about the dollar value of the rewards earned.
Make Sure You’re Getting a Decent Deal
For most programs, a reward mile is going to be worth between one and two cents but that value can vary widely depending on how you choose to redeem it…
