Aggressive selling by banks? The answer’s in the fine print + MORE Apr 5th

Here’s a question for the TD bank boss and for his counterparts at other institutions as well: Why do you have to wait for an outsider’s input before reforming your sales culture? You do not have to dig deep to spot instances where customers are not being well served

Are Hollywood blockbusters your passion? Spend more time at your local Cineplex than you do at home? Scotiabank definitely gets you – the SCENE VISA® card was designed with the movie lover in mind. This credit card has great reward value when used for purchases at Cineplex Theatres – either in person and online – and it also doubles as a pretty solid card for students.
The Scotiabank SCENE VISA® card is easy to use and has no annual fee.  It’s tied to the SCENE rewards membership program, meaning you will earn points for all of your purchases, which can be redeemed using your SCENE rewards card at Cineplex, Sport Chek, and any Cara-owned restaurant such as Swiss Chalet. Milestones or East Side Mario’s.
Card Details

Earning Rate:

1 point for every $1.00 spent on purchases made with the card online, at restaurants, brick and mortar retailers and movie theatres. Note that you don’t earn any points for paying your VISA or any other bill.

When using both the SCENE VISA and SCENE points card:

Cineplex theatres: 5 points for every $1…

James O’Sullivan says house prices in Toronto area “not sustainable and not healthy”

Looking to earn travel rewards faster? The Scotiabank Gold American Express® Card is a quick route to getting you to the destination of your dreams. As part of the Scotia Rewards program, cardholders can earn four times the points on gas stations, grocery stores, dining and entertainment experiences, while earning one point per dollar on all other purchases wherever American Express is accepted. Points can be redeemed for travel, gift cards, merchandise, experiences, charitable donations, investments and more.
Cardholders get access to the American Express Travel Privileges program and receive special offers including discounts on cruises, hotels, airfare, car rentals and even full vacation packages. And, if you’re new to Canada, it’s part of the StartRight program meaning you don’t necessarily have to have a credit history in Canada in order to use it. All in all, it’s a well-rounded piece of plastic that just happens to be one of the best travel rewards credit card with a fee in Canada…

Allegations of aggressive, and in some cases illegal, sales practices at several of Canada’s biggest banks have put top executives on the defensive at annual meetings this spring, with Scotiabank’s CEO telling shareholders on Tuesday the reports are “largely unsubstantiated”.
Brian Porter said that out of 400 million interactions between the bank’s clients and employees, Scotiabank (TSX:BNS) received eight complaints about sales practices last year.
“We take each of those eight very seriously,” said Porter. “We investigate them. We’re proud of the bank. We’re proud of our employees. We’ve got very sound sales practices. We monitor and adjust them where we think it’s necessary.”
Porter was asked by a shareholder to respond to the reports by CBC, which cited unnamed employees at Canada’s major banks who alleged they broke the law in order to meet sales targets and keep their jobs.
Porter’s comments came on the heels of similar remarks made by TD Bank’s CEO (TSX:TD) last week, who said that less than 100 of the complaints the bank received last year had compliance concerns…