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From personal loans to mortgages, simply put, it’s now more expensive and more difficult for Canadians to borrow money.
At the beginning of 2018, new mortgage rules raised the bar for qualification. Under federal law, all financial institutions are now required to put any new applicants under a.... More »
Why it's wise to keep a card open – and when it's OK to close it Apr 28th
Keeping a card open is the best way to keep your credit from harm, unless it might lead you to overspend. Here's what to do in that case..... More »
The best GIC rates in Canada for 2025 + MORE Jun 30th
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.
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Astronomers Discover Activity on Distant Centaur Planetary Object - SciTechDaily + MORE Nov 1st
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After freezing service to Russian banks under U.S. sanctions in March, Visa and Mastercard now face a demand for a $3.8 billion US security deposit in Russia, as well as a strict new regulatory regime.
Why ‘no foreign transaction fees’ hasn’t proliferated in the Canadian credit card market
– RewardsCanada.ca
A few years ago you may recall that we asked all the major credit and charge card issuers in Canada whether they would follow the trend seen in the United States with cards offering no foreign currency transaction fees. At the time none of the major issuers said they would but since then we have seen one small player come into the market with no forex fees, Chase. Recently there has been a lot of chatter from people asking why it hasn’t proliferated in Canada. I’ve had some of our readers email me, seen some bloggers and forum participants ask why we aren’t seeing more issuers offer no forex fee. I often asked that question myself and received the answer from a loyalty colleague of mine from Aimia when I spoke about the cobrand market in Canada at an industry conference last November. He had the same question as well and was able to get the information out of one of the major issuers as to why it isn’t being considered and with the recent spate of emails and talk on the web asking the same question I thought I would share that information with you…
