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Latest News
Housing affordability: What happens when lower home prices take on higher borrowing costs? Sep 6th
Canadian home prices are falling. Borrowing costs are increasing at an incredible rate. It’s the battle royale of home ownership affordability: Will wannabe home owners benefit from the real estate market correction, or will their dreams be crushed by the rising mortgage costs that are causing it?.... More »
Canadian Fintech Companies You Should Know About + MORE Nov 16th
Financial technology companies are set to take over the banking industry and transform our lives within the next 10 years, according to a recent report by McKinsey & Co. But what will that transformation look like for Canadian consumers?
Like most disruptive technologies, the majority of the co.... More »
The Seven Sins of Wall Street calls for change + MORE Sep 27th
With the financial crisis now in the rear-view mirror five years ago, it should be clear sailing for the giant U.S. banks that arguably created the problem, right?
Not according to veteran Bloomberg News editor and investigative reporter Bob Ivry. In his recently published book, The Seven Sins of W.... More »
U.S. tax reform increases chance of 'slow bleed' of investment from Canada: TD Feb 13th
Two of Canada's big banks are sounding the alarm over the negative impact that Canada's economy will see as a result of new tax reform measures in the U.S. under the Trump administration..... More »
China eases exchange rate control to let currency fluctuate more widely against the dollar + MORE Mar 15th
BEIJING, China – China announced on Saturday a modest easing of exchange rate controls that have been criticized by Washington and other trading partners, adding to a flurry of reform initiatives aimed at making its slowing economy more efficient.
The range in which the tightly controlled yuan.... More »
How To Reduce Holiday Spending Stress
– ratesupermarket.ca
It’s no surprise Canadians become anxious over money during the holiday season. A new survey by President’s Choice Financial finds 41 per cent of us get stressed out during this time, trying to stay on budget and shopping for gifts. “While most of us love the holidays, our bank accounts take a hit during this time,” says Barry Columb, president of PC Financial.
But careful planning and a creative strategy can work wonders on stress levels. Here’s how to manage yours (and your wallet), this holiday season.
Dig Up Those Rewards
More than 80 per cent of shoppers carry some type of loyalty or rewards credit card. These cards, when used properly, can save consumers hundreds of dollars. Many reward programs offer merchandise that can be used as Christmas gifts. In the President’s Choice Financial survey, more than 46 per cent of people planned on using reward points to help stay on budget. Start by checking the balance of each and every reward card you’re carrying…
5 Ways To Cure Your Spending Hangover
– ratesupermarket.ca
Did you spend ALL of the money during the Black Friday and Cyber Monday holiday rush? Here’s the best tips to cure (and possibly prevent) your spending hangover.
#1 – Pay No Interest
The average Canadian spends $1,810 on the holidays. If you were to carry that balance on a credit card, you’d be stuck with an additional bill of $400 in interest.Ouch.
Tip – Transfer Your Balance
Consider switching to a low balance transfer product. RateSupermarket.ca is currently featuring a 0 per cent interest rate on balance transfers plus you get a FREE $100 Gift Card upon approval. Learn More >
#2 – Make a List
Make a list of everyone you need to buy for this holiday season and set a budget. This will prevent you from being tempted to go overboard, and will also allow you to set a realistic expectation of your spending.
Tip – Use an Online List to Keep Yourself Organized
If you’re shopping with a partner, consider using an online tool like Wunderlist to keep you both organized…
C-Suite Shuffle Continues for Canada’s Big Banks
– blogs.wsj.com
The movement in Bay Street’s corner offices continues apace with news Thursday that Gordon Nixon will retire as CEO of Royal Bank of Canada in August.
Canada Stocks to Watch: Barrick, Banks, Dollarama and Enbridge
– blogs.wsj.com
Canadian banks are on our radar Thursday, with fourth-quarter reports from three of the country’s biggest lenders.We’re also watching Barrick, Dollarama and Enbridge.
