Bank of Canada rate cut unlikely to lower mortgage, loan rates much + MORE Jul 17th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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TD Aeroplan cardholders can receive a 20% rebate on eligible travel redemptions + MORE Dec 11th

Turkish Airlines Miles&Smiles isn't the only program to have an award ticket sale! Air Canada Aeroplan in conjunction with TD have their own they launched today. TD Aeroplan co-brand cardholders can receive a 20% rebate when they redeem their Aeroplan Points for eligible travel rewards. These in.... More »
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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 »
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Earn 750 Bonus Aeroplan Miles for Best Western stays this summer + MORE May 9th

One airline and hotel partnership you can almost always count on for having a bonus offer is from Aeroplan and Best Western. In a few days the current 500 bonus Aeroplan miles offer will come to end but right on its heels we see a stronger offer come out for the summer! The new offer awards 750 bonu.... More »
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Should you postpone retirement to pay off card debt? + MORE Feb 2nd

If you are approaching retirement and are still revolving credit card balances, it may be better to keep working until those debts are paid off..... More »
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How a young couple can kill $142,000 in debt and start investing Mar 19th

iStock Julie and David live in Calgary with their two daughters, ages 10 and 7. David, 40, is a cable technician earning $150,000 annually while Julie, 37, works part-time at a retail store near home earning $6,000 annually. In 2014, their lives changed when David fell on the job and injured his lef.... More »
Canadians looking for a break on their mortgage or credit loans may be disappointed that none of Canada’s major banks are passing along the full savings. Still, this may be a good thing for Canada’s overheated housing market, some say.

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If you have many cards with little or no balances, closing them won’t boost your credit score

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July 16 Update: Up to Triple Aeroplan Miles on Avis rentals in Canada & the U.S., How to earn 125,000+ Aeroplan Miles and 1,000 Free Petro-PointsRelatively quiet Thursday! News, Tips & Tricks A new Aeroplan bonus for Avis rentals has come out. The offer is for up to Triple Miles for rentals in the U.S. or Canada. See the bonus offer section below for details!We’ve updated our Travel Hacking 101 post on how to earn free Aeroplan Miles or British Airways Avios. With current offers you can potentially earn over 125,000 Aeroplan Miles or 91,250 BA Executive Club Avios for nothing more than credit card spend. Find out more here. Posts since our last update:1,000 Free Petro-Points for logging into their new Members-Only Travel Website  Here is a quick and easy way to earn 1,000 FREE Petro-Points! Simply log in to their new Petro-Points members… Bonus Offers Air Canada / Aeroplan- Earn up to Triple Aeroplan Miles on Avis rentals in Canada and the U.S…More… Until Sep 30, 15 – 60,000 Bonus Aeroplan Miles with the American Express® AeroplanPlus®* Reserve card. More… Residents of Canada only Until Oct 31, 15- 50,000 Bonus Aeroplan Miles with the American Express® AeroplanPlus®* Platinum card…

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OTTAWA – Less than 24 hours after the Bank of Canada cuts its key interest rate, Canada’s big banks have partially followed suit.
The central bank cut its rate by a quarter percentage point on Wednesday to 0.5 per cent. The banks, in turn, cut their prime interest rate by 0.15 percentage points to 2.7 per cent.
It’s the second time the central bank cut its key rate this year. When it chopped the rate in January by a quarter point, the big banks passed on only a portion of the rate cut to their customers then, too.
Moves in the prime rate directly affect the amount charged on loans such as variable rate mortgages and floating rate lines of credit.
The Bank of Canada also downgraded its outlook for the Canadian economy.
How the Bank of Canada influences mortgage rates »

The post Big banks pass on part of BoC rate cut appeared first on MoneySense.

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