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 GIC rates in Canada for 2026 Feb 23rd
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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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Loyalty Lesson: How to extract more value from Avion Rewards Mar 31st
If you have the RBC Avion Visa Infinite Card in your wallet you’ll want to read this to see how you can extract more value from Avion Rewards. For well over a decade it has been one of Canada’s most popular credit cards. There are in the neighbourhood of one million or more Canadians jus.... More »
Why now is the right time to get the Platinum Card from American Express + MORE Jul 29th
With its $699 annual fee the most expensive publicly available card in the Canadian market is The Platinum Card® from American Express. Right away that number seems to turn many people away but in reality, if you do any travel, and it doesn't have to be a lot of travel - paying.... More »
Stunning but deadly, see the place on Earth where nothing survives - The Weather Network + MORE Nov 24th
Stunning but deadly, see the place on Earth where nothing survives The Weather NetworkResearchers find an area completely devoid of life TdnewsScientists discover place on earth where microbial life is absent International Business Times, Singapore EditionThe lake wh.... More »
Canada’s best Mastercard credit cards for 2023 + MORE Jan 3rd
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More details on the revamped Scotiabank Gold American Express Card – all changes are confirmed
– RewardsCanada.ca
Two weeks ago we gave quick mention to changes coming to the Scotiabank Gold American Express Card. These changes have been confirmed with Scotia and cardholders are now receiving notices of the changes which are for the most part better!Here is a summary of what’s happening to the card:Item Changing Until July 31, 19 From August 1, 2019 Annual Fee for primary cardholder $99 $120 Foreign Transaction Fee 2.5% 0% Grocery Dining Entertainment earn rate per dollar 4 points 5 points Gas 4 points 3 points Daily Transit 1 point 3 Points Select Streaming Services 1 point 3 points All other purchases 1 point 1 points Price Protection Yes No Travel Medical Insurance for those 65 years or older 10 days 3 days Trip Cancellation / Trip Interruption $2,500 per person $1,500 per personI got to catch up with and discuss the card changes with Brett Mooney, Senior Vice President, Credit Cards…May 7 Update: 2x Points or Miles at Best Western Plus Winnipeg Airport, 30% Bonus Miles on Turkish Airlines Toronto-Istanbul flight & more!
– RewardsCanada.ca
Today is all about bonuses!The Best Western Plus near the Winnipeg Airport is offering double points or airline miles on all stays until the end of June! Perhaps you have an early flight to catch and want to stay close to the airport so this option may be right for you and you can earn extra points! Find out more hereMaybe you’re flying to Toronto to connect to Turkish Airlines’s flight to Istanbul and if that’s the case and it’s in June you can earn 30% bonus Miles&Smiles miles on the flight! Of course you don’t have to be coming from Winnipeg – this bonus is for anyone flying between Toronto and Istanbul on a paid ticket in celebration of 30 years of Miles&Smiles. There are eight other routes that have the bonus as well so if you are connecting via Istanbul to anyone of those cities you’ll earn the 30% bonus on that segment as well. Find out more here. Posts since our last update:More details on the revamped Scotiabank Gold American Express Card – all changes are confirmed Two weeks ago we gave quick mention to changes coming to the Scotiabank Gold American Express Card…Are US-Style Long-Term Mortgages Coming to Canada?
– ratesupermarket.ca
Bank of Canada Governor Stephen Poloz says it’s time to rethink how we manage mortgages in Canada. In a speech this week to the Canadian Credit Union Association and Winnipeg Chamber of Commerce, Poloz suggests we should encourage longer term mortgages and create a market for private mortgage based security. All in an effort to ease some of the financial obstacles homebuyers face getting into the real estate market. This is especially true for first time homebuyers.
In his prepared remarks to the conference called “The future of Canada’s mortgage market,” Poloz said, “More choice for borrowers and more ways for lenders to diversify risks are desirable. To be clear, the system is not broken – it has served Canadians and financial institutions well. But we should not stop looking for improvements.”
Poloz also pointed to new measures announced in the Federal Budget as a progressive move for the mortgage system. That move will see the Canadian Mortgage and Housing Corporation (CMHC) share an equity stake with first time homebuyers in their purchase…
