How to go about securing the best rate and plan for your credit card in Canada.
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Alberta paleontologists confirm ‘Scotty’ is world’s biggest Tyrannosaurus rex - Global News + MORE Mar 22nd
Alberta paleontologists confirm ‘Scotty’ is world’s biggest Tyrannosaurus rex Global NewsAlberta paleontologists discover world's biggest and oldest Tyrannosaurus rex CTV NewsPaleontologists report world's biggest Tyrannosaurus rex Phys.orgView full coverage on.... More »
Best credit cards for rental car insurance in Canada Dec 12th
Rental car insurance is a travel insurance benefit included with many premium credit cards. Understanding credit card rental car insurance can give you peace of mind and save you money the next time you hit the road. Let’s dive into the best credit cards with rental car insurance coverage in Canad.... More »
The revamped HSBC World Elite Mastercard is now live Feb 5th
The changes to the HSBC World Elite Mastercard that were first announced back in October 2022 went live this week. The card has new earn rates, free additional cards and improved insurance coverage. On top of that HSBC have revealed a new card design as well. Let’s take a look at the revamped .... More »
September 13 Update: American Express discount for Air Canada flights, WestJet Flash Sale, up to 100 Bonus AIR MILES for Budget rentals + MORE Sep 13th
Check your emails once again for another discount for Air Canada flights from American Express. This one came for my Platinum Card from American Express and offers a 15% discount on Air Canada standard fares and up. WestJet's ultra low cost carrier Swoop is planning to introduce flights between.... More »
The Best Store Credit Cards of 2019 + MORE Dec 13th
We all have that favourite superstore – the one that sells everything under the sun, from car batteries and patio furniture to sports drinks and baby clothing.
And while we may spend hundreds or even thousands of dollars at these stores per year, it’s time to consider how you can get a return o.... More »
July 12, 2017: The national average APR for new card offers remained above 16 percent Wednesday for the second week in a row, according to the CreditCards.com Weekly Credit Card Rate Report.
Bank of Canada expected to raise its key rate for first time in nearly seven years
– canadianbusiness.com
The Bank of Canada is expected to raise its key interest rate target for the first time in nearly seven years on Wednesday following signs the economy is well on the road to recovery after the crash in oil prices.
Low interest rates have helped fuel the housing market in recent years, incentivizing Canadians to pile on record levels of debt _ something that the central bank has noted as a significant risk for the economy.
Rates for new fixed-rate mortgages have already started to rise in anticipation. A hike by the Bank of Canada will likely prompt the country’s big banks to raise their prime rates, a move that will increase the cost of loans such as variable rate mortgages and home equity lines of credit.
James Laird, co-founder of interest rate comparison website RateHub, said the carefully crafted language the Bank of Canada uses Wednesday will be key in reading the tea leaves of future rate decisions.
“Any additional comments for future increases will be the real trigger for more fixed rate increases following the announcement, rather than the rate change itself,” Laird said…
Low interest rates have helped fuel the housing market in recent years, incentivizing Canadians to pile on record levels of debt _ something that the central bank has noted as a significant risk for the economy.
Rates for new fixed-rate mortgages have already started to rise in anticipation. A hike by the Bank of Canada will likely prompt the country’s big banks to raise their prime rates, a move that will increase the cost of loans such as variable rate mortgages and home equity lines of credit.
James Laird, co-founder of interest rate comparison website RateHub, said the carefully crafted language the Bank of Canada uses Wednesday will be key in reading the tea leaves of future rate decisions.
“Any additional comments for future increases will be the real trigger for more fixed rate increases following the announcement, rather than the rate change itself,” Laird said…
July 11 Update: Porter Airlines route news, Double Best Western Rewards points in Asia + more
– RewardsCanada.ca
News, Tips & Tricks Porter Airlines is expanding service between Ottawa and New Brunswick with new flights from the nation’s capital to Fredricton and Saint John. The once daily flights to both cities will launch in September. (Source Routesonline)On the flipside, Porter is getting rid of their Toronto Island to North Bay route in September. (Source Routesonline) Posts since our last update: AIR MILES expands partnership with Transat – more travel options, more ways to book and more mileage earning After a tough year in 2016, AIR MILES is doing what it can to show Canadians they are still…Top 5 Credit Card Sign Up offers for July Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of July! This is not… Canadian Bonus Offers N/A Other Bonus OffersBest Western Rewards- Double Rewards Points for stays at Best Western hotels in Indonesia, Japan, Laos, Malaysia, Myanmar, Pakistan, Philippines, or Thailand. More… Until Sep 30, 17Iberia Plus- 500 Bonus Avios for stays at any participating Novotel, Novotel Suites and Mercure Hotels Worldwide…
A security breach has compromised payment card and other information for those who made reservations at 14 Trump Hotel locations, including those in Toronto and Vancouver, over more than half a year.
Bank of Canada raises key interest rate to 0.75%
– moneysense.ca
OTTAWA —The Bank of Canada has hiked its benchmark interest rate to 0.75 per cent from 0.5 per cent, its first increase in nearly seven years, amid expectations of stronger economic growth this year.
Such a move is bound to increase the costs of mortgages, home equity lines of credit and other loans linked to the big bank prime rates.
The Bank of Canada cut interest rates by a quarter of a percentage point twice in 2015 to help the economy deal with a plunge in oil prices, but it said Wednesday that adjustment has been made.
“The very strong growth of the first quarter is expected to moderate over the balance of the year, but remain above potential,” the bank said in a statement.
“Growth is broadening across industries and regions and therefore becoming more sustainable. As the adjustment to lower oil prices is largely complete, both the goods and services sectors are expanding.”
In its outlook for the Canadian economy, the Bank of Canada estimated growth to be 2…
Such a move is bound to increase the costs of mortgages, home equity lines of credit and other loans linked to the big bank prime rates.
The Bank of Canada cut interest rates by a quarter of a percentage point twice in 2015 to help the economy deal with a plunge in oil prices, but it said Wednesday that adjustment has been made.
“The very strong growth of the first quarter is expected to moderate over the balance of the year, but remain above potential,” the bank said in a statement.
“Growth is broadening across industries and regions and therefore becoming more sustainable. As the adjustment to lower oil prices is largely complete, both the goods and services sectors are expanding.”
In its outlook for the Canadian economy, the Bank of Canada estimated growth to be 2…
