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Visa obstacle looms as Harper heralds end of Canada EU free-trade talks + MORE Sep 25th
OTTAWA –As Prime Minister Stephen Harper prepares to celebrate the end of Canada’s free-trade negotiations with Europe on Friday, there is persistent concern that two unhappy eastern European countries could still derail the deal.
Canada requires a visa for travellers from Romania and Bulgar.... More »
We review the CIBC Dividend Visa Infinite Card, earn bonus points with Air Canada Student Flight Passes & a 250 points rebate when you redeem at Cineplex Aug 16th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. The CIBC Dividend® Visa Infinite* Card is the next card to receive the Rewards Canada review treatment. Thanks to a revamp several years ago the card came bac.... More »
May 29 Update: Aeroplan Bonus for Marriott Canada stays and a huge SPG offer for Aloft stays in Latin America May 30th
The highlights for today are some nice hotel stays bonuses! News, Tips & TricksDon't forget to enter our contest to celebrate the launch of Aeroplan's dExclusives! You could win 5,000 Aeroplan Miles! Find out more here.In the bonus offers section we have the latest Aeroplan bonus for Marriott s.... More »
Top Canadian Credit Card Issuers Cut Interest Rates and Pause Planned Hikes Apr 13th
The COVID-19 pandemic has swept many Canadians into unanticipated financial uncertainty. Mass temporary layoffs and job losses have left hundreds of thousands of people wondering how they are going to pay their rent and credit card bills in the coming months.
While the federal government is taking .... More »
Here are the latest RBC Offers including a Mastermind Toys $5 statement credit, bonus Petro-Points and more + MORE Nov 4th
The RBC Offers program has added and extended quite a few promotions this month to bring the complete list to 27 offers. Be sure to login to your RBC account right away to load these offers (if required) or get the promo codes if required. Personally I received these offers on the WestJet RB.... More »
Canadian Debt Levels Are Higher Than Ever… But We’re Not Worried
– ratesupermarket.ca
When it comes to financial goals, debt repayment is the top New Year’s Resolution for many Canadians. In a blog post I wrote just last month, I discussed how Ontarians are choosing debt over retirement savings. Despite the fact that we’re finally starting to listen to the Bank of Canada’s message that interest rates aren’t going to be low forever, Canadians keep piling on debt. Even if you want to repay your debt, it could take some people a few years or longer to get their debt fully paid off.
Consumer Debt Continues to Rise
The facts don’t lie – Canadians love spending. The household debt-to-income ratio hit a new high in the third quarter of 2013, reaching 163.7 per cent. Although it’s not the best measure of consumer debt, it shows that Canadians continue to take on debt, despite the warning bells.
A recent survey from Equifax paints an even bleaker picture. Consumer debt, including mortgages, in Canada totaled $1.422 trillion in the fourth quarter of 2013, according to credit rating service…
