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Latest News
What to Do if Your Credit Card Application is Rejected Jun 23rd
With so many ads and promotions floating around, it may appear that companies are practically giving credit cards away. However, when you apply for a credit card there is absolutely no guarantee you’ll be approved.
There might be a perfectly “good” explanation for why you were rejected. Howev.... More »
CIBC chief says banks will adapt to disruptive impact of new technologies + MORE Jun 23rd
Victor Dodig says he doesn’t think banks are threatened by emerging financial technology firms
.... More »
Debt loads and soaring house prices a growing concern: Bank of Canada Jun 8th
THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada says elevated home prices in Toronto and Vancouver and record levels of household debt have become bigger worries over the past six months. The central bank’s latest biannual review of the Canadian financial system says those two “vulnerabili.... More »
Body found believed to be missing Ontario teacher - Sun News Network + MORE Mar 30th
Sun News NetworkBody found believed to be missing Ontario teacherSun News NetworkMembers of the Ontario Volunteer Emergency Response Team helped search the Whitby shoreline after a second shoe thought to belong to a missing teacher was found Saturday morning. Jeffrey Boucher's body was found al.... More »
Can You Afford to be a Single-Income Family? Jan 27th
According to recent RateSupermarket research, roughly half of Canadians admit to changing their minds about their desired family size due to the associated costs.
They may be on to something. As authors Elizabeth Warren and Amelia Tyagi note in their book, The Two-Income Trap: Why Middle-Class Moth.... More »
Interac email money transfers are now working at all Canadian banks, following a week-long disruption.
Chinese, European central banks set up deal to exchange currencies, a sign of growing trade
– canadianbusiness.com
FRANKFURT – The European Central Bank and the People’s Bank of China have agreed to start supplying each other with their currencies — a sign of increasing trade and investment between the eurozone and China.
The currency swap agreement will last for three years and provide a maximum of 350 billion yuan ($56 billion) to the ECB and 45 billion euros ($60.8 billion) to the PBC.
The deal means the ECB can reassure banks in the 17-member eurozone that they can always borrow Chinese currency if they need it.
The ECB said in a statement Thursday that the deal will also help to ensure the stability of financial markets.
The post Chinese, European central banks set up deal to exchange currencies, a sign of growing trade appeared first on Canadian Business.
The currency swap agreement will last for three years and provide a maximum of 350 billion yuan ($56 billion) to the ECB and 45 billion euros ($60.8 billion) to the PBC.
The deal means the ECB can reassure banks in the 17-member eurozone that they can always borrow Chinese currency if they need it.
The ECB said in a statement Thursday that the deal will also help to ensure the stability of financial markets.
The post Chinese, European central banks set up deal to exchange currencies, a sign of growing trade appeared first on Canadian Business.
How Much Will A Travel Credit Card Save Me On A Trip?
– ratesupermarket.ca
Have an action packed October? You’re not alone – between Thanksgiving, Halloween and the full-force back-to-school slog, it’s natural to yearn for the laid back days of summer and crave a little R and R. But there’s good news for those frazzled by their fall schedules; November is the perfect time to take off for a warm weather getaway. This is the sweet spot between hurricane season and the holiday rush, resulting in steep discounts for hotels and airfare.
How Can I Save Even More On Travel?
Want to take an extra frugal approach to your well deserved getaway? Consider an extra purchasing power boost with a travel credit card. There are many options designed to offset travel costs with points earned over time – and some offer new customers huge point gifts upon signup to get you flying right away.
The best travel reward cards come free of booking and seasonal restrictions, and earn rewards effortlessly with everyday purchases. But when it comes to actually booking – and saving – on travel, how far will a travel rewards card take you?
The Card: Test Flying A Top Option
I decided to put one of the top market options to the test to see if I’d really score a discount on the following travel costs:
- Airfare and accommodation
- Baggage insurance
-Travel medical insurance
-Trip delay and cancellation insurance
- Car rental insurance
The card I chose for my trip – the Capital One Aspire Travel™ World MasterCard®…
