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Rate survey: Average card rate climbs to all-time high of 16.99 percent + MORE Aug 2nd
August 1, 2018: The average credit card interest rate climbed to a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report.... More »
Great transfer bonus from Coast Rewards to Aeroplan - earn up to 300,000 Bonus Aeroplan Miles! + MORE Sep 17th
The Coast Hotels Coast Rewards awesome transfer bonus to Aeroplan has returned! Last seen in October of 2016 (at least that's the last time we posted about it here on RC) the bonus provides 4x the Aeroplan miles for every Coast Rewards points converted. This means you can get anywhere from 2,000 to .... More »
RWRDS Daily Update – March 20, 2024 Mar 21st
The Ultimate British Airways Executive Club Credit Card Portfolio, Sandman Hotels opens their first location in Nova Scotia & AIR MILES Flash Offer: 95 Bonus Miles at Shell on March 22, 2024. Check out today's points & miles updates here:
The post RWRDS Daily Update – March 20, 2024 appe.... More »
Aeroplan eStore up to 5x Miles Beauty Event + MORE Oct 1st
There is another miles accelerator offer for online shopping via the Aeroplan eStore. This time it is their Beauty Event where you can earn up to 5x miles with their beauty retailer partners like Sephora, Shoppers Drug Mart and more. This event runs until October 14. This type of bonus can complete .... More »
RWRDS Daily Update – October 24, 2023 + MORE Oct 25th
Canada's Favourite Credit Cards and Loyalty Rewards Programs, New AIR MILES Flash Offers for Cash Redemptions & Shell purchases and will WestJet start flights to Iceland? Check out today's points & miles updates here:
The post RWRDS Daily Update – October 24, 2023 appeared first on Rewar.... More »
Interest rates remain low because we need more borrowers
– moneysense.ca
According to a new a report by the Fraser Institute, global interest rates are persistently so very low because there’s not enough borrowers in the world.
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
The do and don’ts of joint bank accounts
– moneysense.ca
OTTAWA – Valentine’s Day may have people thinking about their relationships and where they are going.
And if the heart turns to taking it further, that may mean the marrying of finances.
For some couples, it will be when they move in together and begin sharing big expenses like rent. For others, it may be when they tie the knot or buy a house together.
The timing of opening a joint account, a milestone for many people, will depend on your own assessment of your relationship and financial circumstances.
Wade Stayzer of Meridian Credit Union suggests an approach he describes as “Mine, yours and ours” that sees both people maintain their individual accounts, but share a joint account for joint expenses.
How couples can combine finances »
“The together money is used to pay those together expenses, but it also provides the autonomy for each individual to be able to do what they want to do,” said Stayzer, Meridian’s vice-president of sales and service.
“You have your money, your spouse has their money and then you have joint money…
And if the heart turns to taking it further, that may mean the marrying of finances.
For some couples, it will be when they move in together and begin sharing big expenses like rent. For others, it may be when they tie the knot or buy a house together.
The timing of opening a joint account, a milestone for many people, will depend on your own assessment of your relationship and financial circumstances.
Wade Stayzer of Meridian Credit Union suggests an approach he describes as “Mine, yours and ours” that sees both people maintain their individual accounts, but share a joint account for joint expenses.
How couples can combine finances »
“The together money is used to pay those together expenses, but it also provides the autonomy for each individual to be able to do what they want to do,” said Stayzer, Meridian’s vice-president of sales and service.
“You have your money, your spouse has their money and then you have joint money…
