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Unsecured or Secured Credit Cards – What’s the Difference? May 10th
Are you looking for secured credit cards? Not sure if you should open a secured or unsecured card? If you’re rebuilding your credit score, a secured credit card can help you get your credit back on track. An unsecured credit card requires you to have established credit and can often include t.... More »
Canada’s best low-interest credit cards 2022 Oct 19th
If you carry a credit balance, or if you expect to take on debt that will take some time to pay off, you might want to consider a low-interest credit card. Whereas most regular credit cards charge around 20% in interest, these cards offer rates that can be half that or less. Some even come with attr.... More »
Watchdog to probe how banks handle complaints + MORE Nov 22nd
The Financial Consumer Agency of Canada has got the green light to probe how banking customer complaints are handled internally and by external complaint bodies..... More »
Has ‘fixing’ Canada’s mortgage market made it riskier? Oct 28th
THE CANADIAN PRESS IMAGES/Sean Kilpatrick
Adam Farber has a practical, if slightly gory, view of his place in Canada’s mortgage market. “You come to me with an open wound,” he says. “You’ve been beaten up. I’m your last option.” Farber, the vice-president of Corwin Mortgage Capital in .... More »
The best GIC rates in Canada for 2026 + MORE Jan 30th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Churning Credit Cards: The Pros and Cons
– ratesupermarket.ca
Churning credit cards is a sport of sorts among rewards collectors, allowing some to redeem points to claim hotels and flights for next to nothing. Sounds pretty appealing – but what exactly is churning?
Churning is when you apply for multiple credit cards just to get the big signup bonuses being offered at the time. And since yearly fees are usually waived for new applicants in the first year, you can simply cancel your card before the first year is up to avoid any charges. Rinse and repeat this cycle and it’s easy to earn points fast, hence the term “churning.”
The churning game has become incredibly popular – there are even Reddit subs and Facebook groups dedicated to Canadian credit card churning techniques. But, of course, there are pros and cons to this strategy so make sure you understand all the risks before you start to apply for new cards.
Pros of Churning Credit Cards
You can earn points fast
The main reason why people churn credit cards is because they want to earn points fast…
Alberta Investment Management and Scotiabank selling shares in TMX Group
– canadianbusiness.com
TORONTO _ The Bank of Nova Scotia and Alberta Investment Management Corp. are reducing their stake in TMX Group Ltd.
Scotiabank (TSX:BNS) and AIMCo have each agreed to sell 2.75 million shares in the stock exchange operator that combined represent a 9.9 per cent stake in the company.
The shares (TSX:X) are being sold at a price of $67 per share. The buyer or buyers of the shares were not immediately identified.
TMX shares closed at $67.75 on Tuesday.
Once the sale is complete, Scotiabank and AIMCo say they will each hold less than a five per cent stake in TMX and no longer be entitled to appoint nominees to the company’s board.
AIMCo manages investments on behalf of 32 pension, endowment and government funds in Alberta, while Scotiabank is one of Canada’s largest banks.
The post Alberta Investment Management and Scotiabank selling shares in TMX Group appeared first on Canadian Business – Your Source For Business News.
Scotiabank (TSX:BNS) and AIMCo have each agreed to sell 2.75 million shares in the stock exchange operator that combined represent a 9.9 per cent stake in the company.
The shares (TSX:X) are being sold at a price of $67 per share. The buyer or buyers of the shares were not immediately identified.
TMX shares closed at $67.75 on Tuesday.
Once the sale is complete, Scotiabank and AIMCo say they will each hold less than a five per cent stake in TMX and no longer be entitled to appoint nominees to the company’s board.
AIMCo manages investments on behalf of 32 pension, endowment and government funds in Alberta, while Scotiabank is one of Canada’s largest banks.
The post Alberta Investment Management and Scotiabank selling shares in TMX Group appeared first on Canadian Business – Your Source For Business News.
