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Card borrowing lags while student, auto loans soar + MORE Dec 19th
Consumers are borrowing more to finance cards and college degrees, while credit card borrowing is stuck at 2003 levels, a Federal Reserve Bank of New York report shows.... More »
Small businesses cheer on Walmart in battle with Visa, hoping for lower fees + MORE Jun 17th
Many small businesses are cheering on Walmart for taking on Visa in a public battle over credit card fees. Smaller merchants feel gouged by transaction fees and hope the public dispute will lead to change..... More »
American Express Cobalt Card: 98 new confirmed multiplier locations in Canada, the U.S., & Asia + MORE Sep 22nd
Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 98 new locations being added today from Canada, the U.S., Taiwan and China along with two location updates. Thanks to the RWRDS Canada community for providing details on thousands of locations around the.... More »
Should You Use a Balance Transfer to Help Pay Credit Card Debt? + MORE Jan 9th
Many Canadians have high credit card debt. The prospect of paying off those balances can seem overwhelming. So, when a 0% balance transfer offer comes to your attention, it might be tempting. But how does a balance transfer work exactly? It can be an effective way to pay off debt, if used in combin.... More »
Top 5 Credit Card Sign Up offers for August Aug 10th
Here are the Rewards Canada's Top 5 Credit Card Sign Up offers for the month of August! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition offers. As always when choosing a card you should always take ot.... More »
(Ryan Remiorz/The Canadian Press)OTTAWA – Canada is maintaining its triple-A credit rating thanks to a steady economic outlook, but the country also faces potential risks amid mounting household debt and climbing house prices, Moody’s Investor Service said.
The U.S. credit rating agency said in a report Monday that Canada’s top grade was supported by a “relatively solid economic performance,” a strong banking system, relatively low government debt and a projected balanced budget following a series of deficits.
“After a recession at the time of the global financial crisis, the economy recovered and continues to show positive momentum, supporting improvement in government finance,” said the Moody’s assessment.
However, the research identified possible risks linked to Canada’s high household debt and a “particularly inflated” housing market in some big-city areas — both of which, the paper noted, continue to rise.
“This combination presents a potential risk to the banks and to the federal government directly, as it guarantees a considerable portion of mortgages,” said the report, co-authored by Steve Hess and Dmytro Kulakovskyi…
(Ryan Remiorz/The Canadian Press)OTTAWA – Canada is maintaining its triple-A credit rating thanks to a steady economic outlook, but the country also faces potential risks amid mounting household debt and climbing house prices, Moody’s Investor Service said.
The U.S. credit rating agency said in a report Monday that Canada’s top grade was supported by a “relatively solid economic performance,” a strong banking system, relatively low government debt and a projected balanced budget following a series of deficits.
“After a recession at the time of the global financial crisis, the economy recovered and continues to show positive momentum, supporting improvement in government finance,” said the Moody’s assessment.
However, the research identified possible risks linked to Canada’s high household debt and a “particularly inflated” housing market in some big-city areas — both of which, the paper noted, continue to rise.
“This combination presents a potential risk to the banks and to the federal government directly, as it guarantees a considerable portion of mortgages,” said the report, co-authored by Steve Hess and Dmytro Kulakovskyi…
Oct 20 Update: Rexall announces Air Miles as their new loyalty partner, 3x Aeroplan Miles for Wyndham stays, Porter & KLM seat sales
– RewardsCanada.ca
Rexall announces its new loyalty partner and triple Aeroplan miles for Wyndham stays. News, Tips & Tricks Just days after the notice of Aeroplan and Rexall calling it quits we learn that Air Miles is the new loyalty program of choice for drug store chain in Ontario and the Western Provinces. That’s two major retailers in the span of a few months that have jumped ship from Aeroplan to Air Miles. For those of you who read this blog, you’ll know my local shopping area once had three merchants participating in Aeroplan and quickly that has changed to only one and two for Air Miles. For Aeroplan frequent shoppers this isn’t good news but then again Aeroplan, although a full fledged coalition program, is still a major frequent flyer program and credit card miles issuer which means for them this isn’t that big of loss. For Air Miles, which is pretty much only a frequent shopper program the gain is good but one has to wonder, what incentives Air Miles is giving to gain these merchants as we know they have been feeling the pinch from Aeroplan and from many of the other credit card and propietary loyalty programs…
