Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The Day After: The Oilers cruise to another win over Ottawa - Oilers Nation + MORE Mar 13th
The Day After: The Oilers cruise to another win over Ottawa Oilers NationOilers pile on Senators as Tippett’s bet on McDavid-Draisaitl reunion pays off Sportsnet.caSenators @ Oilers 3/12/21 | NHL Highlights NHLMcDavid, Draisaitl help Oilers continue their dominatio.... More »
Applying for your first credit card? Here’s what you should know before getting one + MORE Feb 3rd
The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will e.... More »
The best GIC rates in Canada for 2024 + MORE Oct 8th
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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The best high-interest savings accounts in Canada for 2026 + MORE Feb 10th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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The First Home Savings Account is finally here. Here’s how it can save you thousands in taxes Apr 11th
The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free..... More »
Market nears 5th week of gains
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks are up in midday trading, putting them on track to extend a winning streak that has erased most of this year’s early losses.
Banks are moving higher Friday after JP Morgan Chase and Bank of America announced plans to buy back their own shares. JP Morgan rose 2 per cent.
Starwood Hotels and Columbia Pipeline Group are up on sale talks.
The Dow Jones industrial average rose 102 points, or 0.6 per cent, to 17,584 as of 11:55 a.m. Eastern time.
The Standard & Poor’s 500 index rose 7 points, or 0.4 per cent, to 2,048, and it is now up slightly for the year. The Nasdaq composite rose 19 points, or 0.8 per cent, to 4,789.
The post Market nears 5th week of gains appeared first on Canadian Business – Your Source For Business News.
Banks are moving higher Friday after JP Morgan Chase and Bank of America announced plans to buy back their own shares. JP Morgan rose 2 per cent.
Starwood Hotels and Columbia Pipeline Group are up on sale talks.
The Dow Jones industrial average rose 102 points, or 0.6 per cent, to 17,584 as of 11:55 a.m. Eastern time.
The Standard & Poor’s 500 index rose 7 points, or 0.4 per cent, to 2,048, and it is now up slightly for the year. The Nasdaq composite rose 19 points, or 0.8 per cent, to 4,789.
The post Market nears 5th week of gains appeared first on Canadian Business – Your Source For Business News.
Is Your Debt Above Average?
– ratesupermarket.ca
Household debt levels are a hot topic this week, as new numbers reveal they are higher than ever across the nation – a key concern for our central bank, and the fuel behind Canada’s too-hot-to-touch housing markets. And it’s not just mortgages – a recent study finds credit card balances are on the rise, with the average Canadian owing more than $3k on their plastic. Read on for the full story.
Canadian Debt-to-Income Ratio Is Now 165%
Household debt levels are rising across the nation: the average Canadian now owes $1.65 for every dollar they earn, according to Statistics Canada, collectively owing a whopping $1.923 trillion – and $1.262 trillion of that is from mortgages. What does this mean for Canada’s recovering economy – and are you at risk as a consumer?
Read Penelope’s Blog | Canadian Debt-to-Income Ratio Is Now165%
National Credit Card Debt Hits 3-Year High
Is your credit card balance below the national average? A recent TransUnion report finds the average Canadian has racked up $3,610 on their plastic…
