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?
Latest News
While the BMO World Elite Mastercard provides up to $540 in tangible value, it provides intangible value as well + MORE Apr 26th
In our past series of posts for the BMO World Elite Mastercard we focused on the a dollar value that the card can provide to you when you apply and are approved for it. To recap, that dollar value is up to $540 in the first year of having the card, broken down as suchWelcome offer: Get 35,000 points.... More »
Q&A with author Emma Johnson on protecting credit as a single parent + MORE Oct 17th
As a single mom going through a big life change, it's critical to stay on top of your credit because that's when you're going to need it most.... More »
Myths and facts of reverse mortgages + MORE Oct 1st
A reverse mortgage is exactly what the name implies: accessing the existing equity you have built in your home by granting a mortgage to a lender without the need to make monthly payments.
And yet, there are many misconceptions about this financial product, which allows Canadians to borrow up to 5.... More »
March 25 Update: Video - Exciting new hotels opening in Canada in 2021, WestJet resuming flights to Atlantic Canada & Quebec City and 500 free Singapore Airlines KrisFlyer Miles + MORE Mar 26th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. The latest Rewards Canada Podcast that covers new hotel openings in Canada from Hilton, Hyatt, IHG & Marriott is now in video format o.... More »
RBC sets out timeline for the HSBC transition and they aren’t wasting any time (Updated Jan 19) + MORE Jan 19th
RBC has laid out a timeline for the transition of banking products from HSBC to RBC and they aren’t wasting any time with the migration! January 19: One more update listed below of unconfirmed details that select HSBC credit card holders will receive Avion credti cards with extra benefits and/.... More »
Turkish markets hit by Moody’s rating downgrade
– canadianbusiness.com
LONDON – Turkey’s stock markets and currency have fallen sharply after the country’s credit rating was downgraded into junk status by Moody’s.
The Istanbul 100 stock index is down 3.9 per cent at 76,610 points Monday while the Turkish lira has also taken a hit. The dollar is up 0.7 per cent at 2.9874 lira.
The selling is largely due to Moody’s statement after the market close on Friday that it was cutting its rating on Turkish debt to Ba1 from Baa3. That pushes Turkey’s rating below investment grade, meaning it will likely cost the government more to borrow on capital markets.
Moody’s voiced a number of concerns, including the country’s “sizeable external funding requirements” and the growth outlook.
Turkey’s economy has recently faced a series of shocks, including an attempted coup in July.
The post Turkish markets hit by Moody’s rating downgrade appeared first on Canadian Business – Your Source For Business News.
The Istanbul 100 stock index is down 3.9 per cent at 76,610 points Monday while the Turkish lira has also taken a hit. The dollar is up 0.7 per cent at 2.9874 lira.
The selling is largely due to Moody’s statement after the market close on Friday that it was cutting its rating on Turkish debt to Ba1 from Baa3. That pushes Turkey’s rating below investment grade, meaning it will likely cost the government more to borrow on capital markets.
Moody’s voiced a number of concerns, including the country’s “sizeable external funding requirements” and the growth outlook.
Turkey’s economy has recently faced a series of shocks, including an attempted coup in July.
The post Turkish markets hit by Moody’s rating downgrade appeared first on Canadian Business – Your Source For Business News.
Spain: Protesters jeer ex-IMF boss as bank card trial starts
– canadianbusiness.com
MADRID – Protesters shouted insults at Rodrigo Rato, the former head of the International Monetary Fund, as he and 64 others entered court for a trial over the alleged misuse of corporate credit cards at a Spanish bank.
Prosecutors are seeking a 4 1/2 year jail term for Rato, 67, who headed Bankia group between 2010 and 2012.
The court says investigations indicate there was fraudulent administration and misappropriation of bank funds by the accused in the use of the “opaque” credit cards for irregular and undeclared expenses between 2003 and 2012.
The trial started Monday but questioning of the accused will begin Friday.
Rato was IMF chief from 2004 to 2007 and a leading figure in Spain’s acting ruling Popular Party from 1996 to 2004.
The post Spain: Protesters jeer ex-IMF boss as bank card trial starts appeared first on Canadian Business – Your Source For Business News.
Prosecutors are seeking a 4 1/2 year jail term for Rato, 67, who headed Bankia group between 2010 and 2012.
The court says investigations indicate there was fraudulent administration and misappropriation of bank funds by the accused in the use of the “opaque” credit cards for irregular and undeclared expenses between 2003 and 2012.
The trial started Monday but questioning of the accused will begin Friday.
Rato was IMF chief from 2004 to 2007 and a leading figure in Spain’s acting ruling Popular Party from 1996 to 2004.
The post Spain: Protesters jeer ex-IMF boss as bank card trial starts appeared first on Canadian Business – Your Source For Business News.
12 Months to Being Debt Free – When Emergencies Arise
– ratesupermarket.ca
When you’re trying to get out of debt, the last thing you want is a financial setback. Unfortunately, life can throw us a curveball every so often, and this comes with unforeseen expenses. Your car could break down and require expensive repairs, you might throw out your back and need several sessions with a chiropractor, or you could chip a tooth and undergo costly dental work that your insurance doesn’t cover.
These types of emergency expenses are things that you can’t plan for in advance. For that reason, they often cause people to go into debt since they don’t have the cash put aside to pay for these costs and must turn to their credit card.
If you’re trying to get out of debt by the end of 2016, the last thing you need are unexpected expenses derailing your plans. Not only will that add to the challenge of repaying your debt, but it can push you to go further into the red if you can’t adjust your budget to absorb the costs.
So, what can you do to deal with an emergency expense and stay on track with your goal of becoming debt-free by the end of this year? Here are a few suggestions:
Find Ways to Cope with the Cost
If you experience an emergency while you’re in the process of paying off debt, if possible try to delay the expense until you can afford to pay for it with cash…
