Approved for a too-low-limit card; better off closing it? + MORE Jun 16th

A parliamentary committee is releasing a long-awaited report with 20 recommendations aimed at helping Canada’s slumping media industry adapt to the rapidly evolving landscape.
But the Conservative members of the committee have introduced a report of their own, arguing that their Liberal counterparts are living in the past.
The majority report recommends requiring the publicly funded CBC to eliminate advertising on its digital platforms; letting media companies deduct taxes on digital advertising on Canadian-owned platforms; and a tax credit for print outlets for a portion of their digital investments.
It also recommends a five per cent tax on broadband Internet services to lift an industry struggling to adapt to technological changes and evolving consumer habits.
Liberal MP Hedy Fry, chair of the heritage committee that produced the study, says the aim of the recommendations is to level the playing field for Canada’s media companies.
“We had very important debates. We really were passionate about this,” Fry told the House of Commons as she tabled the report…

French President Emmanuel Macron is inviting the world’s innovators, engineers and business-builders to come to France as he tries to transform this country from a land resting on the laurels of its past into a “startup nation.”
In a first step, the French government on Thursday launched a “French Tech Visa,” a fast-track four-year residence permit for entrepreneurs and their families if they meet certain criteria.
Echoing his call for U.S. climate scientists to come to France after President Donald Trump pulled out of the Paris climate agreement, Macron said Thursday _ in English: “At a time when some people think that walls are a solution, we do think that openness is the right path, because the challenges we face are global.
“We want the pioneers, the innovators, the entrepreneurs of the whole world to come to France and work with us on green technologies, food technologies, artificial intelligence, on all the possible innovation.”
It may be a hard sell…

If you were approved for a credit card with a very low limit, resist the temptation to close it. Use it wisely to increase your limit and protect your score

We all know that feeling that comes with a “great buy”. That feeling when we walk out of a store with a shiny new something-or-the-other to wear, use or simply admire. For some, that could be a new car or a trip. For others, a new pair of sunglasses does the trick. No matter the cost, sometimes a splurge just feels good. The feeling of happiness, however, can quickly be overtaken by dread as your credit card balance creeps higher and higher.
June 18 is National Splurge Day (yes, it’s a real thing!), but before you use it as an excuse to pick up that pair of designer shoes you’ve been eyeing, we’ve come up with a few ways to satisfy your splurge craving while sticking to a budget.
Go thrifting
Canadians spent $29 billion buying and selling used goods last year according to Kijiji’s Second-Hand Economy Index. Thrift-shopping may have been taboo five years ago, but it has now become commonplace to purchase used items from both storefronts or online marketplaces. Purchasing second hand means paying a fraction of the price for pieces that are like-new, or sometimes even brand new…

Lower-income consumers are more likely than those with higher incomes to become ‘credit visible’ with negative items, according to the CFPB