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Business credit card debt: Can I transfer card debt if I'm selling my business? + MORE Jan 28th
If you're selling your business, you can transfer the card debt associated with it to the new owner – just make sure to follow a few rules and put the agreement in writing..... More »
Canada’s best credit cards for grocery purchases 2022 + MORE Nov 18th
Everybody needs to put food on the table, so you might as well earn rewards while doing so. Considering that in 2022 the price of food in Canada has risen at the fastest pace in decades, with the annual rate of food inflation sitting above 10% in recent months, there’s no better time to earn usefu.... More »
New year, new spending habits + MORE Dec 1st
Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.
Money mistake #1: Not paying off debt quickly
If you’re in the red, you.... More »
October 26 Update: Air Transat adding more U.S. and Europe flights for summer 2022 and a new RBC Offer for Boston Pizza purchases + MORE Oct 27th
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. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
The 11 best travel credit cards in Canada for August 2023 + MORE Aug 25th
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The 11 best travel credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited credit history. “The team at Home Capital today is second to none,” Soloway said in a press release. “I know that the company is in great hands, and I am very confident in their ability to take Home Capital to new heights.”
Since then, the company’s share price has plummeted 78 per cent, the deposits it relies on for funding are quickly evaporating and Home Capital’s future is in doubt. The problems started in July 2015, when the firm disclosed it had cut ties with 45 mortgage brokers after an internal investigation revealed that borrower income and employment information had been falsified in order to obtain loans. In April, the Ontario Securities Commission accused the company and three executives, including Soloway, of misleading investors for failing to disclose the impact of the investigation for months…
Fed: Card balances rose $1.9 billion in March
– creditcards.com
Credit card balances continued to flirt with the $1 trillion mark in March, according to the Federal Reserve
In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited credit history. “The team at Home Capital today is second to none,” Soloway said in a press release. “I know that the company is in great hands, and I am very confident in their ability to take Home Capital to new heights.”
Since then, the company’s share price has plummeted 78 per cent, the deposits it relies on for funding are quickly evaporating and Home Capital’s future is in doubt. The problems started in July 2015, when the firm disclosed it had cut ties with 45 mortgage brokers after an internal investigation revealed that borrower income and employment information had been falsified in order to obtain loans. In April, the Ontario Securities Commission accused the company and three executives, including Soloway, of misleading investors for failing to disclose the impact of the investigation for months…
