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Canadians are turning to credit cards for financial stress relief — and debt is on the rise - CBC News Sep 6th
Canadians are turning to credit cards for financial stress relief — and debt is on the rise CBC NewsFinancial Stress Mounts, Credit Card Demand and Debt Rise Financial PostEquifax says total consumer debt $2.32T in Q2, up 8.2% from 2021 BNN BloombergStressed about .... More »
Should you loan money to someone who is house rich and cash poor? May 18th
My daughter is 60, divorced, owns a house, perhaps $800,000 house value. She has a small mortgage and no savings of any kind. She lives on a line of credit and a credit card. Her only income is about $300 to $400 monthly CPP.
She is wondering how best to manage. Should she sell now and rent for a.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Apr 3rd
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
How to move out of your parents’ house and not go completely broke + MORE Apr 16th
For a smooth transition, writes Lesley-Anne Scorgie, set up separate banking accounts, make a budget and pay yourself first with a small investment account..... More »
Stock market news for investors: Metro profits rise, Groupe Dynamite to close some Canadian stores Apr 17th
Here’s a round-up of news for Canadian investors this week.
Metro Inc
Groupe Dynamite
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 2.00% interest, ta.... More »
Justin Bieber Might Just Make Tim Hortons Relevant Again
– canadianbusiness.com
After 57 years in business, Tim Hortons is giving people what they never knew they wanted: Timbiebs. Starting on November 29, coffee lovers across Canada and the U.S. can order three flavours of Justin Bieber-designed Timbits: chocolate white fudge, sour cream chocolate chip and birthday cake waffle. They can also get their hands on limited-edition Bieber x Tim Hortons merchandise, featuring a Timbiebs-branded fanny pack, tote and toque.
This isn’t Tims’ first attempt at bringing in younger customers. Ever since the once-beloved brand was bought by investment firm 3G Capital in 2014—which also operates Popeyes, Burger King and now Firehouse Subs under the company Restaurant Brands International—it’s been grappling with ways to appeal to a more modern coffee-drinker, often at the expense of alienating existing customers.
In recent years, the company has also angered franchisees over allegedly misusing ad fund revenue, it has struggled to expand to the U.S. and, perhaps most worrisome of all for a public company, its annual revenue growth has been lukewarm…
