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Daylight Savings Sadness: Credit Cards and Tips to Get You to a Sunny Destination ASAP Nov 16th
Is the Canadian winter starting to get to you before it can even officially start? Are you tired of waking up in the dark and leaving work in the dark? Do you feel like you’re succumbing to the stresses and demands of the busy holiday season?
When we average less than three hours of sunshine p.... More »
Drivers can pocket their savings by allowing their insurer to come along for the ride + MORE Jun 21st
Driver monitoring programs are generally delivered in two ways, by a smartphone app that “sleeps” until it senses driving has started, or by a telematics device plugged into the car’s diagnostic port..... More »
The best high-interest savings accounts in Canada for 2026 + MORE Feb 11th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Travel deals to take advantage of now, and save for later—when it’s safe + MORE Jun 20th
As social bubbles, provinces and countries slowly open up again, many people are looking to salvage their travel plans for this summer while others think about 2021. Admittedly, there’s still a lot of uncertainty in the world, but that isn’t preventing some providers from tempting lockdown-weary.... More »
Stock news for investors: Air Canada profit drops more than 50% in Q2 amid “challenging environment” + MORE Aug 6th
Here’s a round-up of news for Canadian investors this week.
Air Canada
George Weston
Lightspeed
Bombardier
Gildan Activewear
TFI
Algoma Steel
Featured RRSP Accounts
featured
EQ Bank
.... More »
Washington's Latest Bank Heist
– online.wsj.com
No victims yet, but regulators guess that there’s bias in car loans.Telegraph.co.ukRussia ready to offer Greeks cash in return for assetsTelegraph.co.ukRussia could offer debt-ridden Greece controversial loans and discounts on supplies of natural gas in exchange for the country's "assets", according to reports in Moscow. Alexis Tsipras, Greece's prime minister, is due to arrive in the city on Tuesday and will …Germany rejects 'stupid' Greek demand for reparationsIrish TimesGreek Syriza party demands £200bn from Germany for Nazi reparationsDaily MailGreece's claim for war reparations from Germany explainedeuronewsReuters Africa -VICE Newsall 316 news articles »
More have savings plans, but fear they aren’t saving enough
– moneysense.ca
(Creative Commons/Ken Teegardin)TORONTO – A new survey of Canadians found almost 20 per cent of respondents didn’t put aside a dime in 2014 and a further 40 per cent felt they were not saving enough.
This year’s household savings report from BMO Financial Group says 31 per cent of respondents had a fixed savings plan in place that included monthly contributions.
That was a significant increase from the previous year when only 26 per cent reported implementing such a plan.
The BMO study also revealed that a third had less than $10,000 in savings.
Money for vacations was the most common goal among savers, while 43 per cent were saving for retirement and 40 per cent for emergencies.
» The right time to save for retirement
Statistics Canada has found the household savings rate hit a five-year low of 3.6 per cent in the fourth quarter of 2014.
Over the last 10 years, the average household savings rate was just four per cent, down from 7.9 per cent in the 1990s.
The BMO survey was conducted between March 13 and March 16 with an online sample of 1,002 Canadians…
Desjardins Insurance has launched a smartphone app that tracks driver behaviour in return for the promise of substantial savings on car insurance, including up to a 25 per cent discount on insurance. But critics have serious privacy concerns.
Credit Card Interchange Fees: The Impact in Other Countries
– ratesupermarket.ca
Last November, it was announced that MasterCard and Visa will reduce credit card interchange fees to an average of 1.5 per cent, to take effect this April. The fees, which are paid by merchants to issuing credit card lenders on each credit card transaction, have long been a point of contention among small business and store owners. With most credit cards requiring a fee paid of 1.60 – 2.60 per cent of the total purchase price, many argued the fees were anti-competitive and eating into their bottom lines. The Government of Canada finally stepped in with the intent to regulate the fee structure, but no official measures were necessary in the long run; both MasterCard and Visa voluntarily proposed to cut their fee structure.
The reduction is meant to benefit both retailers, who will pay less for the ability to offer credit card payment, and consumers who will theoretically enjoy lower prices passed down from retailers’ savings. However, worries persist that a cut to lenders’ profit margins may prompt them to reduce existing credit card variety, decrease current point offerings, and hike interest rates…
