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Latest News
Self-Employed but Need a Loan? 7 Things You Need to Know + MORE Aug 10th
Being self-employed has its pros and cons: you may have a more flexible schedule, but you also have a lot more responsibility, especially when it comes to managing your own finances.
According to Statistics Canada, 2.76 million people were self-employed in 2016. And with the swelling ranks of the s.... More »
The best credit cards for everyday non-category bonus spending + MORE May 19th
A lot of the focus on Rewards Canada is about credit cards as they are the easiest and number one way to earn loyalty points and miles in Canada. When it comes to spending your hard earned money on credit cards most of what we discuss revolves around the category bonuses awarded on those cards. .... More »
5 ways 'credit invisibles' can build a credit profile + MORE Apr 25th
No credit profile? With a few steps, create or rebuild a credit history.... More »
American Express Centurion Lounge in Los Angeles set to open on Monday + MORE Mar 7th
The next American Express Centurion Lounge is set to open in Los Angeles on Monday. This is the 12th Centurion Lounge and third to open up this year after Phoenix and Charlotte. Los Angeles is a popular destination for Canadians and the airport itself plays an important connection point for many of .... More »
February 10 Update: Best Western Rewards halves 2021 elite qualification requirements, Marriott to add 19 all inclusive resorts from Canada's Sunwing Travel & a 40,000 bonus PC Optimum point offer + MORE Feb 11th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus points, no.... More »
Ontario Students Can Use Aeroplan Points to Pay Off Student Debt
– ratesupermarket.ca
Are you up to your ears in student debt? You’re not alone. Try these numbers on for size: the average university student graduated $22,000 in debt in 2013, while the average two-year college grad owed $13,000. That’s a tough way to enter the workforce, especially when there’s no guarantee you’ll land a well-paying job. With thousands facing five-figure debts, new grads are forced delay major life milestones, including buying a home, getting married and starting a family. In fact, RateSupermarket.ca’s Cost of the Future study found the average university student faces a 14-year timeline to pay off their student debt!
Also read: The Cost of Adulthood: Why New Grads Stay with Mom and Dad>
A New Take On Extra Credit
The Ontario government is throwing students a debt lifeline of sorts. A formal partnership has been reached between the Ontario Student Assistance Program (OSAP) and HigherEdPoints whereby students can apply accumulated Aeroplan miles against the balance of their student loan…
Jun 23 Update: WestJet seat sale, up to 20,000 Mileage Plan miles with Kaligo, 25% discount on buying Hilton HHonors points
– RewardsCanada.ca
A no news is a good news kind of day! News, Tips & TricksNo news for you today! Travel Deals WestJet launched a two day sale with some fares under $100 all in one way. Book by Jun 24 for travel until Dec 10. Find out more here. Bonus Offers Alaska Airlines Mileage Plan- Earn up to 20,000 Bonus Mileage Plan Miles when you book hotels via Kaligo. More… Book by Aug 24 for stays until Dec 31, 16Cathay Pacific Asia Miles- 5x Asia Miles for every HKD10 spent on hotels in China, France, Japan, Macau and United Kingdom via Agoda. More… Book by Jul 12 for stays until Oct 31, 15- Double Asia Miles for stays in a Club Room or Suite at participating Langham Hotels Worldwide. More… Until Sep 30, 15 Garuda Indonesia GarudaMiles (on FrequentFlyerBonuses.com only)- Double GarudaMiles Tier Credit for Gold and Platinum members flying to/from Jakarta, Bandung, Jogja, Solo, Semarang, Surabaya, Malang, Denpasar, Balikpapan, Banjarmasin, Pontianak, Makassar, Manado, Palu, Medan, Padang, Pekanbaru, Pangkal Pinang, Lampung, Palembang, Batam…Fashion retailer Le Chateau turns to founder once again for $15-million loan
– canadianbusiness.com
MONTREAL – Le Chateau is once again turning to its founder to finance the fashion retailer’s operations and store renovations.
Instead of tapping banks, Herschel Segal is providing a $15-million loan on top of the $10 million the majority shareholder forked over previously.
The loans are secured by the company’s property and rank only behind its $800-million revolving credit facility. They will earn the lesser of double the Royal Bank’s prime rate or 7.5 per cent.
The 55-year-old Montreal-based company has repeatedly turned to Segal and his wife, Jane Silverstone Segal, who replaced him as chairman and CEO, for financial support.
Industry experts say companies only turn to their owners for funding if the investor can earn greater returns than other investments or as a last resort. Segal is also a leading investor of David’s Tea (Nasdaq:DTEA), which recently went public.
Le Chateau (TSX:CTU.A) didn’t return immediately requests for comment.
Like many fashion retailers, Le Chateau has struggled financially in the face of foreign competition that has killed several chains…
Instead of tapping banks, Herschel Segal is providing a $15-million loan on top of the $10 million the majority shareholder forked over previously.
The loans are secured by the company’s property and rank only behind its $800-million revolving credit facility. They will earn the lesser of double the Royal Bank’s prime rate or 7.5 per cent.
The 55-year-old Montreal-based company has repeatedly turned to Segal and his wife, Jane Silverstone Segal, who replaced him as chairman and CEO, for financial support.
Industry experts say companies only turn to their owners for funding if the investor can earn greater returns than other investments or as a last resort. Segal is also a leading investor of David’s Tea (Nasdaq:DTEA), which recently went public.
Le Chateau (TSX:CTU.A) didn’t return immediately requests for comment.
Like many fashion retailers, Le Chateau has struggled financially in the face of foreign competition that has killed several chains…
CIBC has become the first of the major banks to participate in suretap, a mobile payments system backed by wireless carriers Bell, Rogers, Telus, Koodo and Virgin.
Rebuilding credit? Semisecured card may help
– creditcards.com
A semisecured card offers better terms than a secured card and can be a good stepping stone on the road to a conventional credit card
