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?
Latest News
Top 5 Credit Card Sign Up offers for September - These cards provide some of the best value out of their welcome bonuses + MORE Sep 11th
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of September! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should al.... More »
How international students can build credit in Canada Jul 16th
Moving to Canada as an international student comes with a long financial to-do list, and building credit is one of the most important items on it. Your credit history from home typically doesn’t transfer, which means you may need to start from scratch when applying for a credit card, phone plan, a.... More »
Cash still king with Canadian consumers + MORE Nov 17th
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In an increasingly digital world, most Canadians still carry physical money in their wallets and favour cash payments, especially for smaller sums, according to a new report by Canada’s central bank.
However, the report cautions cash could eventually be replaced by continued innov.... More »
RWRDS Daily Update – September 18, 2023 + MORE Sep 18th
Five new Cobalt Multipliers in Ontario, Which will open first? Moxy Banff or Moxy Halifax? And a new Amex Offers statement credit for Harry Rosen. Check out today's points & miles updates here:
The post RWRDS Daily Update – September 18, 2023 appeared first on Rewards Canada..... More »
Earn 3,000 Bonus Aeroplan Miles on your first hotel booking made via Rocketmiles + MORE Jul 19th
Here we have another Aeroplan specific bonus for making your first hotel booking via Rocketmiles, the third party hotel booking site that awards miles on stays worldwide. Be sure you check pricing on the stays, sometimes these third party sites can be more expensive and you won't earn hotel loyal.... More »
Finance Lessons For Kids
– ratesupermarket.ca
June 14, 2013
Hey readers! Got a money question, or suggestion for the blog? Tweet us @RateSupermarket with the hashtag #MoneyWise.
The financial lessons we learn in childhood set the stage for our economic success later in life. However, today’s consumer is surrounded by encouragement to spend and rack up credit. What can parents do to cut through this spendthrift static?
For many, financial literacy starts in the home. If you’re looking to impart the value of a dollar on your child, check out our guide to starting the conversation.
3 Tips For Teens: Get a Summer Job
Everyone remembers their first gig – and the sweet feeling of holding their paycheque for the very first time. Employment is a great way for teens to gain appreciation for the value of a dollar, and develop the money management skills they’ll need later in life.
Unfortunately, not all teens are keen to swap the couch for the workplace this summer – but you can help! Check out these top ways to make your teen employable…
This and That: Million dollar nest eggs, commodities and more…
– moneysense.ca
Million Dollars ain’t what it used to be…
A New York Times column points out that with bond yields low even retirees who have saved up as much do not have a lot to live on.
Commodities for the Long Run
What can we say about commodity prices over the long run? This paper provides fascinating insights into real commodity prices over 160 years. One example: prices of stuff that is grown have depreciated over time but prices of non-renewable resources have increased.
Another week, another alleged fraud
The Vancouver Sun reported on yet another alleged fraud in which a former financial advisor sold extremely risky securities to retirees and senior citizens.
Are Homes Investments?
The Wall Street Journal asked a panel of experts how a personal residence fits into one’s investment portfolio.
The knock against credit cards
This article says that credit cards are making us poorer and fatter. Are credit cards also responsible for global warming?
REITs down
With bond yields spiking up, the hunt for yield may be at an end says this Bloomberg article…
A New York Times column points out that with bond yields low even retirees who have saved up as much do not have a lot to live on.
Commodities for the Long Run
What can we say about commodity prices over the long run? This paper provides fascinating insights into real commodity prices over 160 years. One example: prices of stuff that is grown have depreciated over time but prices of non-renewable resources have increased.
Another week, another alleged fraud
The Vancouver Sun reported on yet another alleged fraud in which a former financial advisor sold extremely risky securities to retirees and senior citizens.
Are Homes Investments?
The Wall Street Journal asked a panel of experts how a personal residence fits into one’s investment portfolio.
The knock against credit cards
This article says that credit cards are making us poorer and fatter. Are credit cards also responsible for global warming?
REITs down
With bond yields spiking up, the hunt for yield may be at an end says this Bloomberg article…
Can this couple retire early?
– moneysense.ca
The current situationBao Lam, a 43-year-old certified financial planner in Waterloo, Ont., believes in second opinions. He asked MoneySense for our thoughts on whether he’s on track to leave his high-paying—but stressful—job at age 47. That’s when he hopes to sell his business for $900,000 and invest that money until his retirement at 65. Bao’s 39-year-old wife Jeannette, who is currently his assistant, would stop working. “Doctors need a second opinion about their own health,” says Lam. “It’s no different with financial advisers.”
The Lams, who have a teenage son, have assets including a $325,000 home and $222,000 in registered and non-registered investments. They will be cashing in Jeannette’s $27,000 GIC and putting it towards their $118,000 line of credit later this year. The couple, who gross $180,000 per year, hope to have all their debts (including a $128,000 mortgage), paid off before retiring.
When they sell their business, the Lams will receive $90,000 gross per year for 10 years, with payments made monthly…
Alterna Savings unveiled its slick new digs in Place de Ville on Thursday, inviting members to celebrate the historied credit union’s role in Ottawa.
June 14 Update: Targeted RBC Cathay Pacific Visa offer, Bonus Miles for Raffles Hotel stays, Accor Hotels Germany Bonus
– RewardsCanada.ca
The end of a busy week brings us the following: News, Tips & Tricks I received a targeted offer for a 20,000 Asia Miles sign up bonus for the RBC Cathay Pacific Platinum Visa in my email today, I have no intention of using it but there could be a big time CX flyer out there who doesn’t have this card yet and may be able to take advantage of it. Here is the link provided in the email. There are no guarantees that you will get the extra 5,000 miles over the regular sign up bonus as the offer is targeted to select Asia Miles members but it doesn’t hurt to try. Be sure to take screen shots of your application etc. if it does mention the 5,000 extra miles and use that as back up to see if you can get the miles. The offer is good to July 31. If anyone is interested I can also forward you the email. Our 5th Annual Canada’s Top Travel Rewards Credit Card feature had some great media coverage since it was launched on Tuesday. Thanks to the Globe and Mail, Toronto Star, Global Calgary and Global Toronto for covering it so far! Bonus Offers AeroMexico Club Premier- Double Club Premier Kilometers on all Sixt car rentals Worldwide…
