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Alberta food banks link uptick in demand to downturn in economy - CTV News + MORE Jul 22nd
CTV NewsAlberta food banks link uptick in demand to downturn in economyCTV NewsAlberta food banks say many shelves are bare and the province's economic slowdown may be to blame. Among the places experiencing higher demand so far this year is Wood Buffalo, the regional municipality that encompas.... More »
Account Closed: How Bank 'De-Risking' Hurts Legitimate Customers Aug 13th
In their hunt for money launderers, regulators are forcing banks to shut down branches and reject business..... More »
The North and the great Canadian lie Sep 12th
Main Street of the hamlet of Sachs Harbour on Banks Island in the Northwest Territories. (Erika Larsen/Redux)
We are not a northern nation, and we need to stop lying to ourselves that we are.
More people live in Moose Jaw than live in the Yukon. Compared to other Arctic regions, Canada has done so l.... More »
Tips for Paying Off Credit Card Debt Feb 6th
Credit card bills got you down? That’s the trouble with paying with plastic. It is easy to spend, but not quite as easy to pay off the debt you accrue – especially if you are only paying the minimum each month. Carrying too much credit card debt can make it harder to get a mortgage loan for a h.... More »
The best American Express credit cards in Canada for 2024 May 11th
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The best American Express credit cards in Canada for 2024
Which card is right for you? Here, we break down the top American Express credit cards by category to help you decide.
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Are you owed a slice of the $5B unclaimed assets pie?
– moneysense.ca
Canadians are leaving as much as $5 billion worth of unclaimed assets on the table and without proper processes in place in Ontario, that money is likely sit for some time more.
“I call it Canada’s under-the-radar economic action plan in waiting, and it wouldn’t cost as much as building infrastructure,” Brenda Potter Phelan, president and CEO of LegacyTracker, a web-based personal finance tracking tool, recently told CBC News.
Only British Columbia, Alberta, and Quebec have legislation and databases in place to help individuals search for their unclaimed credit union account balances, trust funds and unpaid wages. Efforts to bring similar procedures to Ontario have faced resistance from the financial sector, according to the broadcaster.
Unclaimed assets sitting in accounts with Canada’s big banks fall under federal jurisdiction. You can sift through those via the Bank of Canada’s searchable database online.
“I call it Canada’s under-the-radar economic action plan in waiting, and it wouldn’t cost as much as building infrastructure,” Brenda Potter Phelan, president and CEO of LegacyTracker, a web-based personal finance tracking tool, recently told CBC News.
Only British Columbia, Alberta, and Quebec have legislation and databases in place to help individuals search for their unclaimed credit union account balances, trust funds and unpaid wages. Efforts to bring similar procedures to Ontario have faced resistance from the financial sector, according to the broadcaster.
Unclaimed assets sitting in accounts with Canada’s big banks fall under federal jurisdiction. You can sift through those via the Bank of Canada’s searchable database online.
The post Are you owed a slice of the $5B unclaimed assets pie? appeared first on MoneySense.
Apple Pay should have little impact on Canadian bank earnings, analyst says
– theglobeandmail.com
Lenders would only see small profit cut when Apple’s mobile payment service launches in Canada. The bigger worry for banks is if firms like Apple and Google, with its Android Pay, use this technology as a stepping stone to advance into other financial services
