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Amazon to sell debt in order to pay for Whole Foods deal + MORE Aug 16th
Amazon says it is selling debt in order to pay for its $13.7 billion deal to buy organic grocer Whole Foods.
Amazon.com Inc. did not say how much money it plans to raise when it sells the senior unsecured notes, but credit ratings agency Moody’s said Tuesday that the company is raising up to $.... More »
Your August points & miles agenda - these offers are all slated to end this month Aug 2nd
Here is a new monthly feature we'll have on the Rewards Canada blog and that is a list of promotions, offers and more that are slated to end during the month. Whether its stay bonuses, registering for offers or signing up for a limited time credit card offer we'll have it here if it expires in.... More »
20+ new RBC Offers include statement credits & bonus points with McDonalds, Lyft, Metro, & more Mar 8th
Since our last update on RBC Offers we’ve seen a plethora of new bonus points, statement credit and discount promotions added for using your RBC card and/or Avion Select at select retailers! The program continues to grow and it continues to see a lot more attractive offers, in that we mean retaile.... More »
Today only - 5x Aeroplan Miles with Amazon.ca via Aeroplan eStore's 12 Days of Gifting Dec 9th
Last week Aeroplan launched the 12 days of Gifting for shopping online via the Aeroplan eStore and today's offer is one most of you look forward to - especially if you missed it for the Black Friday/Cyber Monday weekend. And that offer is 5x miles for shopping at Amazon.ca. Happy shopping!Learn more.... More »
February 21 Update: Air Canada introducing Economy Basic fares, Cobalt multipliers updated and a new look for WestJet coming next week? + MORE Feb 21st
Air Canada is introducing Economy Basic fares for their flights within Canada. We've seen this trend in the U.S. with major U.S. airlines starting basic economy fares to compete with Ultra Low Cost Carriers and this is pretty much evident here with this latest move from AC. These are bare bones .... More »
Household debt climbs to 167% of disposable income
– moneysense.ca
(JGI/Jamie Grill)TORONTO – Canadian household debt hit a record high during the third quarter, as it grew at a faster pace than disposable income, according to the latest figures from Statistics Canada.
The total amount of credit market debt — which includes mortgages, non-mortgage loans and consumer credit — held by Canadian households increased to 162.6 per cent of disposable income during the quarter, from a revised 161.5 per cent in the previous quarter.
That means Canadians owed about $1.63 for every dollar of disposable income in the third quarter.
The previous record of 161.7 per cent was set in the third quarter of 2013.
RBC economist Laura Cooper said the high ratio of debt relative to net worth will reinforce the Bank of Canada’s cautious approach to raising its benchmark interest rate.
“Consumers have amassed record levels of outstanding debt as a protracted period of depressed borrowing rates has sustained buoyant housing market activity,” Cooper said in a note…
Campus card agreements continue shift from credit to debit
– creditcards.com
Special deals to market credit cards on campuses are declining, but other types of plastic — which face less disclosure — are gaining, regulator says
