The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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The best rewards credit cards in Canada for 2024 + MORE Nov 16th
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Compare your options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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1 millipede, 1,306 legs: We found the world’s leggiest animal in Australia - EastMojo + MORE Dec 18th
1 millipede, 1,306 legs: We found the world’s leggiest animal in Australia EastMojoThis is the 1st millipede ever discovered that actually has more than 1,000 legs CBC NewsScientists discover first actual millipede with more than 1,000 legs Boing BoingThis new spec.... More »
Applying for a credit card: What you need to know + MORE Oct 29th
There are many great reasons to carry a credit card. Beyond the convenience and purchase protection included in credit card purchases, they’re also important financial tools for establishing your credit history and borrowing money—both of which you’ll need if you want to make a major purchase,.... More »
RWRDS Daily Update – June 6, 2024: Up to 10,000 bonus points on the moi RBC® Visa card‡ & earn 10x PetSmart Treats Rewards points + MORE Jun 6th
New increased bonus of 10,000 points on the moi RBC Visa card and Earn 10x PetSmart Treat Rewards Points site wide until June 9. Check out today's points & miles updates here:
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2019 will bring big changes, more control to first-time borrowers + MORE Jan 7th
Beginning this year, young borrowers with thin or non-existent credit histories will be able to proactively influence their FICO scores by granting credit bureaus access to more of their financial information..... More »
5 months after Equifax breach, no new data security rules
– creditcards.com
Five months after Equifax data breach, debate over security rules continues – but new tools let individuals lock their credit files.
Home Capital Group says new mortgage rules have clients migrating from big banks
– canadianbusiness.com
TORONTO _ Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year _ even though it too is required to abide by the requirements.
Preliminary indicators also suggest the credit quality of Home Capital mortgage originations is improving after the new rules were introduced Jan. 1, though it’s difficult to precisely quantify the impact, chief executive Yousry Bissada said on a conference call Thursday to discuss its fourth-quarter earnings.
“We have observed that some of our customers have been impacted by the stress test, and have therefore qualified for smaller loans than they would have last year.”
The rules for federally regulated lenders introduce a stress test for borrowers with a more than 20 per cent down payment to prove that they can service mortgage at a qualifying rate of the greater of the contractual mortgage rate plus two percentage point or the five-year benchmark rate published by the Bank of Canada…
Preliminary indicators also suggest the credit quality of Home Capital mortgage originations is improving after the new rules were introduced Jan. 1, though it’s difficult to precisely quantify the impact, chief executive Yousry Bissada said on a conference call Thursday to discuss its fourth-quarter earnings.
“We have observed that some of our customers have been impacted by the stress test, and have therefore qualified for smaller loans than they would have last year.”
The rules for federally regulated lenders introduce a stress test for borrowers with a more than 20 per cent down payment to prove that they can service mortgage at a qualifying rate of the greater of the contractual mortgage rate plus two percentage point or the five-year benchmark rate published by the Bank of Canada…
An 82-year-old great-grandmother is upset the Bank of Montreal didn’t lay out all options for cancelling her life insurance. Only following a CBC News investigation did Ella Beck discover she could cancel her plan and get money back.
Aimia to cut costs further as it prepares for end of Air Canada partnership
– canadianbusiness.com
MONTREAL _ Aimia Inc. share plunged 27 per cent Thursday after the operator of the Aeroplan loyalty card reported a wider quarterly loss and plans to pursue deeper cost cutting.
The Montreal-based company plans to trim its costs by $70 million per year by 2019 as it continues to adjust to Air Canada’s decision not to renew its long-term partnership in 2020. It has already sold several businesses, including its British Nectar coalition, and cut staffing in half since 2015 to about 1,600 people.
Chief executive David Johnston said efforts to simplify its business to drive further savings will come in ways other than further large layoffs.
“We’ve done quite a bit of that this year but there’s some corporate simplification we’re doing _ properties, technology _ I’m not envisaging material further job cuts,” he said in an interview Thursday.
Shares of Aimia Inc. fell more than 27 per cent in mid-afternoon trading after it reported a $214.7-million loss in its latest quarter, hurt by a charge related to the sale of its Nectar program and related assets…
The Montreal-based company plans to trim its costs by $70 million per year by 2019 as it continues to adjust to Air Canada’s decision not to renew its long-term partnership in 2020. It has already sold several businesses, including its British Nectar coalition, and cut staffing in half since 2015 to about 1,600 people.
Chief executive David Johnston said efforts to simplify its business to drive further savings will come in ways other than further large layoffs.
“We’ve done quite a bit of that this year but there’s some corporate simplification we’re doing _ properties, technology _ I’m not envisaging material further job cuts,” he said in an interview Thursday.
Shares of Aimia Inc. fell more than 27 per cent in mid-afternoon trading after it reported a $214.7-million loss in its latest quarter, hurt by a charge related to the sale of its Nectar program and related assets…
