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Latest News
How to prepare financially for a layoff + MORE Aug 31st
Q. I am being laid off in the next few months. What should I be aware of as I prepare to leave?
—Milly W., Winnipeg
A. Like many of us, at some point in your life you might go through a job loss. Hopefully it’s just a short time out of work with minimal financial pain. But there are still.... More »
CPP vs RRSP: Can you transfer your CPP to an RRSP? Dec 26th
I’m 40 years old. Can I transfer my accumulated CPP to an RRSP?
—Franco
I am going to cut to the chase here, Franco. You cannot transfer your Canada Pension Plan (CPP) to a registered retirement savings plan (RRSP). Some pensions can be transferred to an RRSP, and there are ways .... More »
Eight solid alternatives to the Capital One Costco Mastercard for Canadians + MORE Jun 6th
Costco wasn’t the world’s first retail warehouse club, but in the nearly 35 years since opening in Canada, it’s become a staple shopping destination for families and groups who want deep discounts on bulk buys. The way that Costco works is that it relies on membership—you can’t walk into a.... More »
Canada inflation: higher interest rates worry Canadians debt, savings - CTV News + MORE Jul 10th
Canada inflation: higher interest rates worry Canadians debt, savings CTV NewsView Full Coverage on Google News.... More »
When Your Adult Kids Ask You for Money: Best Investment Advice + MORE May 3rd
You’re in your golden years and you and your spouse are enjoying retirement. But then one of your children asks for a loan. Should you tap into your savings to help them? Or, is it better to steer them towards a personal loan to help them get out of debt?
Use these tips to help you explore wh.... More »
Leave Rates Alone… For Now: C.D. Howe Institute
– ratesupermarket.ca
The Bank of Canada released their most recent rate announcement this Wednesday, leaving the central cost of borrowing untouched at one per cent, where it has remained since September 2010. It’s the right move, according to one of Canada’s most trusted think tanks, which has stated rates need to stay where they are until next spring if the economy is to truly recover. The prescriptive findings come from the C.D. Howe Institute’s Monetary Policy Council (MPC), which is made up of some of Canada’s most respected economic forecasters, including Senior Vice President and Chief Economist at TD Bank Group, Craig Alexander and Associate Professor of Economics at Carleton University, Nicholas Rowe.
But, the Council says an imminent rate hike is necessary – they’ve also called on the BoC to rate central rates by 1.5 per cent by this time next year, resulting in a slow and steady increase that will make consumer loans more expensive, and give savers more return on their fixed income investments…
More Risky Loans Allowed
– online.wsj.com
The feds ease rules for mortgages but tighten them for business.Fans Score with MasterCard Hockey Partnership
– ratesupermarket.ca
Perk up Leafs fans, there’s a guaranteed win in your future – though it won’t be on the ice.
MasterCard and Maple Leaf Sports and Entertainment recently signed a five-year contract to hook up Leafs and Raptor’s fans with sweet sporty spoils.
“Sports fandom is about the creation of memories; this partnership will bring two global powerhouse brands together to create priceless experiences for sports fans,” said Milos Vranesevic, VP of marketing at MasterCard Canada. “We’re excited about the possibilities we can create for fans.”
Also read: Gear Your Budget to Hockey Season>
Skating Rink Savings: Your Hockey Fix for Less>
New Performance Perks
Just what do those possibilities look like, you ask?
Cardholders get access to the MasterCard Priceless Zone, a digital interactive retail space near Gate 1 at the Air Canada Centre flanked with screens showing behind the scenes video as well as housing sports memorabilia.
The Zone also gives access to that commodity sports fans can’t seem to get enough of: limited edition bobbleheads for the reasonable price of $15…
