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Apple and Google’s ‘unified voice’ on fintech: Should the Big Six be worried? Nov 7th
The tech giants want to shake up the financial services industry now dominated by incumbent banks
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The best GIC rates in Canada for 2024 + MORE Sep 17th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
U.S. banks’ dismal first quarter may spell trouble Apr 10th
Analysts forecast a 20-per-cent decline on average in earnings from the six biggest U.S. banks, according to Thomson Reuters I/B/E/S data
.... More »
With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians - CBC.ca + MORE Nov 26th
With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians CBC.caA Canadian Mortgage Charter, the Home of the Week and more of this week's top real estate stories The Globe and MailThe looming threat of Canada's mortgage renewal crunch &.... More »
China inflation up 1.9 per cent in June, slowest in 6 months Jul 10th
BEIJING, China – Chinese government data showed consumer prices in June rose at the slowest pace in six months, suggesting the world’s second-largest economy is still experiencing weak consumer demand amid a broad downturn.
The National Bureau of Statistics said Sunday China’s cons.... More »
Is Your Credit Score Mortgage Ready?
– ratesupermarket.ca
May and June are the busiest months for real estate in Canada – and that means home buyers are currently out in full force. It also means many prospective buyers are visiting their lenders, and asking for mortgage financing for their new dream home purchase. However, a new BMO study finds they may be in for a surprise – more than half of Canadians haven’t checked their score prior to their application, and may be blindsided by their credit standing. As banks base their decision on how much money you’ll receive on your credit score and report, some buyers may find they don’t make the credit-worthiness cut.
Here are a few tips for avoiding credit score disappointment when applying for your mortgage.
Also read: Is Closing a Credit Card Bad For Your Credit Score?>
Start Planning Early
It may be too late for the buyers already knocking on bank doors – but for those considering buying a home in the near future, it’s smart to start investigating your credit situation now, and ways to improve it…
If you may be the victim of a data breach, here’s how to limit the damage and protect yourself
– canadianbusiness.com
The entire U.S. federal workforce may be at risk after yet another intrusion from what security experts believe were hackers based in China. The Department of Homeland Security says that data from the Office of Personnel Management — the human resources department for the federal government — and the Interior Department has been infiltrated.
It is not the first and it follows massive data breaches at health insurance companies, major U.S. banks like JPMorgan and retailers such as Target and Home Depot.
Here’s what to do if you think you’ve been compromised.
FIRST THINGS FIRST
— Notify the credit agencies (Equifax, Experian, TransUnion) and request a 90-day credit alert. (Each reporting agency is supposed to notify the others, but you may want to contact all three yourself.) The alert tells businesses to contact you before opening any new accounts in your name. You can renew the alert every 90 days, or you’re entitled to keep it in effect for seven years if you find that your identity is stolen and file a report with police…
It is not the first and it follows massive data breaches at health insurance companies, major U.S. banks like JPMorgan and retailers such as Target and Home Depot.
Here’s what to do if you think you’ve been compromised.
FIRST THINGS FIRST
— Notify the credit agencies (Equifax, Experian, TransUnion) and request a 90-day credit alert. (Each reporting agency is supposed to notify the others, but you may want to contact all three yourself.) The alert tells businesses to contact you before opening any new accounts in your name. You can renew the alert every 90 days, or you’re entitled to keep it in effect for seven years if you find that your identity is stolen and file a report with police…
Is Your Credit Score Mortgage Ready?
– ratesupermarket.ca
May and June are the busiest months for real estate in Canada – and that means home buyers are currently out in full force. It also means many prospective buyers are visiting their lenders, and asking for mortgage financing for their new dream home purchase. However, a new BMO study finds they may be in for a surprise – more than half of Canadians haven’t checked their score prior to their application, and may be blindsided by their credit standing. As banks base their decision on how much money you’ll receive on your credit score and report, some buyers may find they don’t make the credit-worthiness cut.
Here are a few tips for avoiding credit score disappointment when applying for your mortgage.
Also read: Is Closing a Credit Card Bad For Your Credit Score?>
Start Planning Early
It may be too late for the buyers already knocking on bank doors – but for those considering buying a home in the near future, it’s smart to start investigating your credit situation now, and ways to improve it…
