The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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Hanjin Shipping to get more funds to resolve cargo crisis
– canadianbusiness.com
SEOUL, South Korea – Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy.
Hanjin’s lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) to help the shipper unload cargo stranded offshore.
The announcement comes a day after Korean Air Lines’ board approved a 60 billion won ($54 million) loan to Hanjin.
The state-owned bank said its credit line will be used only when other available funds from Hanjin Shipping, Korean Air and others are used up.
Dozens of ships around the world were stranded for nearly a month after Hanjin’s Aug. 31 bankruptcy filing because it couldn’t cover fuel bills or guarantee payment to dockworkers and others.
The post Hanjin Shipping to get more funds to resolve cargo crisis appeared first on Canadian Business – Your Source For Business News.
Hanjin’s lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) to help the shipper unload cargo stranded offshore.
The announcement comes a day after Korean Air Lines’ board approved a 60 billion won ($54 million) loan to Hanjin.
The state-owned bank said its credit line will be used only when other available funds from Hanjin Shipping, Korean Air and others are used up.
Dozens of ships around the world were stranded for nearly a month after Hanjin’s Aug. 31 bankruptcy filing because it couldn’t cover fuel bills or guarantee payment to dockworkers and others.
The post Hanjin Shipping to get more funds to resolve cargo crisis appeared first on Canadian Business – Your Source For Business News.
September 21 Update: 10x More Rewards Points at Panago, Amex Travel Complimentary Night Sale & Free Aeroplan Miles!
– RewardsCanada.ca
News, Tips & TricksMore Rewards is continuing their ‘coalition program’ growth and starting to offer partner promotions. One of the first we have seen is this one for Panago pizza. For the next the next week or so you can earn 10x More Rewards Points (or 10 points per dollar spent) with Panago. The offer runs until October 2nd. Plus if you use your Scotia More Rewards Visa Card you’ll earn 6x the points per dollar spent since Panago is a More Rewards partner. Essentially you can earn 16 point per dollar! And remember that Scotia More Rewards card is a hidden gem that offers up to 2.54% return with no annual fee! Find out more about the Panago offer here. Posts since our last update: WestJet Rewards: Earn up to 75 bonus dollars on travel to Las Vegas with a great return for the flights only option! WestJet has put out a lucrative bonus for flying between Canada and Las Vegas. It is primarily marketed as…1,000 FREE Aeroplan Miles when you join Fairmont Hotels President’s Club Not a member of Fairmont Hotels’ President’s Club? Now is the time to join as not only do you… Travel DealsCathay Pacific is running a seat sale for travel out of Canada with savings of up to 26%…Rate survey: Average card APR remains unchanged at 15.22 percent
– creditcards.com
September 21, 2016: The average APR on new card offers remained near record highs this week, according to the CreditCards.com Weekly Credit Card Rate Report.
