Miles & More Award Ticket Sale – Canada to Europe for only 55,000 Miles in Business Class in January + MORE Sep 5th

Back-to-school season is upon us, and families everywhere are likely feeling the post-shopping pinch. Some good news then, for those who’ve racked up the credit card or taken out a student loan – borrowing costs in Canada won’t be going anywhere in the short term, according to this week’s Bank of Canada announcement.
Get the full story – along with our forecast for this month’s mortgage rates – below, along with the week’s top headlines.
September Mortgage Rates Get a D for Discount
Applying for a mortgage this month? You’re in luck – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for summer’s steep discounts to continue through September. Read on for their full forecast for fixed and variable mortgage rates.
Read Penelope’s Blog | September Mortgage Rates Get a D for Discount
Bank of Canada September 2014 Rate Announcement: No Change… Again
The Bank of Canada released their latest rate announcement this week and – shocker – made no change to the trendsetting Overnight Lending Rate…

Miles & More has once again updated their discounted mileage awards “Meilenschnaeppchen”. The last set had flights for travel in December from Toronto only while this set has Lufthansa flights from all three of their Canadian gateways: Montreal, Toronto and Vancouver to most of Europe for most of January 2015 in Business Class.You can redeem Miles & More miles for round trip tickets all three cities and many great destinations in Europe for only 55,000 miles in Business Class.  This is nearly a 48% discount off the normal Business Class award ticket price of 105,000 miles.  Granted all these tickets will also have fuel surcharges but this is still a pretty good deal when you look at it as a whole in terms of miles+cash outlay.    Simply book your tickets by September 3oth for travel between January 5th and 31st 2015.  Full details can be found hereAs always with this post:If you don’t have enough miles you can convert points from the Starwood Preferred Guest Credit Card from American Express (C$1 = 1 Miles & More Mile) If you do try, remember your best bet is to transfer in 20,000 Starpoints increments as you’ll get a 5,000 mile bonus meaning you’ll get 25,000 Miles & More miles…

Final day of updates for this week: News, Tips & Tricks Two bonus offers that you should check out in the Bonus Offers section are the Aeroplan bonus for donating to the Canadian Red Cross and the extension of WestJet’s bonus for flights to/from Ft. McMurray. The Aeroplan bonus is definitely one to look as your are earning miles for worthwhile cause, we’ve seen Red Cross bonus offers before from many U.S. program during some crisis or disasterous event in the world but not so much North of the border. Now this bonus isn’t for a specific event but rather general donations to the Canadian Red Cross. The only thing if you choose to earn Aeroplan miles your donation is not eligible for tax donation receipt. Air Canada will introduce their new 787 Dreamliner on their Vancouver-Beijing route next February. (Source Airlineroute.net) Bonus Offers Air Canada Aeroplan- 10 Bonus Aeroplan Miles for every dollar your donate to the Canadian Red Cross. More… Until Sep 30, 14 Czech Airlines OK Plus – 40% Bonus OK Plus miles when you purchase or gift miles online…

Moving high-interest card debt to a 0 percent balance transfer card can help your credit scores, but only if you play by the rules