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What do I do if my credit card rewards are stolen? + MORE Feb 13th
Thieves don't just target your credit line, but they can also get to your rewards. Take some safety precautions to make sure you don't lose what you've earned.... More »
Canada’s Budget 2023: What it means for you and your family + MORE Apr 1st
The annual budget speech marks the introduction of new policies, tax measures and fiscal updates from the federal government. Here’s a roundup of key items from the 2023 budget that could impact your personal finances. Most of them will likely become law over the coming year.
A new one-time gro.... More »
Side gig can be best debt-payoff option + MORE Apr 22nd
Taking on a part-time job to pay down thousands of dollars in credit card debt is smart; make the best of it by carefully considering your payment options..... More »
How to set up CRA direct deposit + MORE May 16th
Have you ever had to wait for a held-up payment from the government or the Canada Revenue Agency (CRA)? Labour strikes, severe weather, stat holidays and other factors can delay mail delivery by days or even weeks. At best, it’s inconvenient; at worst, it’s stressful for cash-strapped Canadians .... More »
Your complete guide to TD credit card accelerator offers + MORE Jun 18th
If you are a TD credit card holder, chances are you saw an email come through in May letting you know that your card will receive a boost in earning in response to the current situation.We had learned sometime ago about this offer being available on the TD Aeroplan cards thanks to one of our r.... More »
The Enduring Ratings Racket
– online.wsj.com
Regulators sue the credit raters whose profit margins they guarantee.
Why Canadian Bank Profits Are Causing Economic Worry
– ratesupermarket.ca
Shares of Canada’s big banks have been soaring since the start of the summer, pushed higher by steady growth in residential mortgage lending. So much so that the eight-company S&P/TSX Canadian Banks Composite Index hit a record high recently, more than doubling the gain of the broad benchmark index over the same period.
But investors hoping that the good times might continue got a bit of a shock this week as shares in the sector faltered, signalling a warning that the banking business may be heading into a period where Canadian bank profits growth will start to slow.
Investors Decide To Take Profits
Despite their impressive run, S&P Capital IQ equity analyst Erik Oja notes that Canadian banks face several country-specific and global challenges including low interest rates, deleveraging Canadian borrowers, frothy real-estate prices, and a still listless U.S. recovery.
What’s more, despite the fact that the credit ratings of Canada’s banks are among the highest in the world, Fitch Ratings struck a cautious note in its most recent report on Canadian lenders…
