About half of Canadian workers are living paycheque to paycheque: survey + MORE Sep 6th

Last seen this past winter, we once again have an Aeroplan specific bonus for booking hotels via Rocketmiles, the third party hotel booking site that awards miles on stays Worldwide. Be sure you check pricing on the stays, sometimes these third party sites can be more expensive and you won’t earn hotel loyalty points and may not have your hotel elite benefits recognized. That being said the mileage bonus may be worthwhile for you to book via Rocketmiles especially if the hotel isn’t part of a hotel loyalty program (like a boutique hotel). Aeroplan miles earned via Rocketmiles do count towards Aeroplan status.Offer Details4,000 Bonus Aeroplan Miles on your first Rocketmiles booking booked via the special promotion page at www.rocketmiles.com/aeroplan-bonus. The first time booking bonus can only be earned once per member. Book by Sep 30, 17Earn even more miles with the most complete Aeroplan Bonus Mile listing!

The root causes of financial distress, poor credit and high debt may not be what you think. Author Rachel Schneider spent a year traversing America and following the lives of hundreds of people to find out the problem

TORONTO — A new survey by the Canadian Payroll Association suggests nearly half of workers are living paycheque to paycheque due to soaring spending and debt levels.
The poll found that 47 per cent of respondents said it would be difficult to meet their financial obligations if their paycheque was delayed by even a single week.
The survey, which polled 4,766 Canadian employees between June 27 and Aug. 5, also found that 35 per cent said they feel overwhelmed by their level of debt.
For the first time in the survey’s nine-year history, more respondents found mortgages on principal residences the most difficult debt to pay down, with 32 per cent of respondents selecting this option compared to 23 per cent who cited credit card debt.
Results from the poll indicate that the primary reason for increased debt is higher overall spending. Of the major reasons for increased spending, 32 per cent of respondents pointed to higher living expenses while 25 per cent mentioned unexpected expenses…

Student of the George Brown College Construction Management program. (GEORGE BROWN)
TORONTO – A new survey by the Canadian Payroll Association suggests nearly half of workers are living paycheque to paycheque due to soaring spending and debt levels.
The poll found that 47 per cent of respondents said it would be difficult to meet their financial obligations if their paycheque was delayed by even a single week.
The survey, which polled 4,766 Canadian employees between June 27 and Aug. 5, also found that 35 per cent said they feel overwhelmed by their level of debt.
For the first time in the survey’s nine-year history, more respondents found mortgages on principal residences the most difficult debt to pay down, with 32 per cent of respondents selecting this option compared to 23 per cent who cited credit card debt.
Results from the poll indicate that the primary reason for increased debt is higher overall spending. Of the major reasons for increased spending, 32 per cent of respondents pointed to higher living expenses while 25 per cent mentioned unexpected expenses…

The RBC Visa Infinite Avion is one of the most popular travel points cards in Canada thanks to some heavy advertising on RBC’s part.  This popularity had meant the card rarely if ever had a change to its basic sign up bonus. However that seems to be changing now as RBC seems to be feeling the heat from all the competition! For the summer the offered a $100 travel credit on top of the 15,000 point sign up bonus that normally comes with the card but as of today that offer is over to be replaced with a new one.Now when you apply for the RBC Visa Infinite Avion you can earn up to 30,000 Bonus RBC Rewards points. You’ll get 15,000 upon approval  and then 15,000 more on your card anniversary date. Smart move on RBC’s part to try to get you to pay the annual fee twice but still a decent offer seeing what you can pull out of 30,000 RBC Rewards points.We have written quite extensively about the card over the years and as you may well know we rank it quite high in our annual Top Credit Card Rankings primarily due to the card being a hybrid card where you can convert those points to airlines such as British Airways…