Air Canada Aeroplan and Marriott Bonvoy Launch Expanded Loyalty Partnership Offering Status Match and Two-Way Currency Transfer + MORE Oct 9th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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The best GIC rates in Canada for 2025 + MORE Jun 2nd

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. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
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What to know about credit card travel insurance as an Air Canada strike looms + MORE Aug 14th

After carefully planning a summer vacation, the last thing on your mind should be finding alternate transportation. But some travellers could be left scrambling as the clock ticks down to a possible work stoppage at Air Canada. The airline says it will gradually suspend its flights starting Thursday.... More »

RWRDS Daily Update September 3: WestJet places its largest-ever aircraft order with Boeing & Aspire Amex Lounge Grand Opening Event Sep 3rd

WestJet places its largest-ever aircraft order with Boeing for new 737-10 MAX aircraft and additional 787 Dreamliners and Aspire American Express Lounge Grand Opening Event in YUL. Check out today's points & miles updates here: The post RWRDS Daily Update September 3: WestJet places its largest.... More »

The best GIC rates in Canada for 2026 Apr 20th

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. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

Scotiabank Gold American Express Card – Earn up to 40,000 bonus points in the first year Apr 13th

The Scotiabank Gold American Express Card is considered the best Travel Points Credit Card with an Annual fee, one of the best No Foreign Transaction fee cards in Canada and is ranked as the fourth overall best travel rewards card. The card is also one of only three cards that RWRDS Canada classifie.... More »
Big news out of Air Canada and Marriott today as they have launched an expanded partnership that has them offering reciprocal elite status matching and re-affirming the two-way points transfers between the programs. This partnership follows in the footsteps of other enhanced partnership that Marriott has with airlines such as United, Emirates and Singapore Airlines. […]
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Why are credit card interest rates so high in Canada?The rate of interest levied on credit card balances borders on usurious and is perhaps the most egregious example of the banking system’s exploitation of its information advantage it enjoys over its clients.

Credit card interest rates hover around 20%, roughly where they have been since the early 1980s when inflation and interest rates were in double digits. Canada’s inflation has averaged about 2% between 1992 and 2022, and all interest rates have declined dramatically with it except credit card rates. Even as inflation has exceeded 2.0% for the past few years, the recent back-up in other interest rates remains well below credit card rates. In fact, one has to squint to see any decline in credit card interest rates since 1980.

Let’s compare some numbers. In 1981, the interest rate on a Visa or a Mastercard was about 25%. Inflation was 12%, and the bank rate—the rate at which the Bank of Canada loans to the banking system—was a bit over 21%. The prime rate, or the rate of interest offered to a bank’s best customers, was 22…

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Scientists now know what the head of the biggest bug to ever crawl the Earth looked like  Phys.orgScientists discover what the head of the biggest bug to ever crawl the Earth looked like  The Globe and MailThe largest arthropod to ever live finally has a head  Science News Magazine

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Scientists now know what the head of the biggest bug to ever crawl the Earth looked like  Phys.orgScientists discover what the head of the biggest bug to ever crawl the Earth looked like  The Globe and MailThe largest arthropod to ever live finally has a head  Science News Magazine

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