Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
The Fed's Obama-Era Hangover Jan 2nd
By paying banks not to lend, the central bank diminished its ability to control interest rates..... More »
How Rewarding are Canadian Rewards Credit Cards? Sep 11th
Canadians are reaping the benefits of their rewards cards in large numbers, according to a recent survey by RateSupermarket.ca. Currently, there are over 74 million active credit card accounts in Canada, with the average Canadian owning two credit cards and 8 in 10 holding a rewards credit card.... More »
Is It Time to Say Goodbye to Your Starter Credit Card? Jul 28th
Nearly nine out of 10 Canadians have a credit card, according to Payments Canada. Not only that, but Canadians are also heavy credit card users, coming in second to South Korea in credit card volume per capita.
The study found that the extraordinary credit card use is fuelled by key factors such as.... More »
Update! Tangerine Money-Back Credit Card Review Apr 22nd
Update, April 18, 2019:
Tangerine has announced that starting April 22nd, new Tangerine Credit Card Account holders can earn 4% Money-Back Rewards on purchases in up to three Money-Back Categories of their choice, for the first three months.
Looking to earn cash back on your daily expenditures? Do.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 14th
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.
Advertisement
Why trust us
MoneySense is an.... More »
Churning Credit Cards: The Pros and Cons
– ratesupermarket.ca
Churning credit cards is a sport of sorts among rewards collectors, allowing some to redeem points to claim hotels and flights for next to nothing. Sounds pretty appealing – but what exactly is churning?
Churning is when you apply for multiple credit cards just to get the big signup bonuses being offered at the time. And since yearly fees are usually waived for new applicants in the first year, you can simply cancel your card before the first year is up to avoid any charges. Rinse and repeat this cycle and it’s easy to earn points fast, hence the term “churning.”
The churning game has become incredibly popular – there are even Reddit subs and Facebook groups dedicated to Canadian credit card churning techniques. But, of course, there are pros and cons to this strategy so make sure you understand all the risks before you start to apply for new cards.
Pros of Churning Credit Cards
You can earn points fast
The main reason why people churn credit cards is because they want to earn points fast…
Alberta Investment Management and Scotiabank selling shares in TMX Group
– canadianbusiness.com
TORONTO _ The Bank of Nova Scotia and Alberta Investment Management Corp. are reducing their stake in TMX Group Ltd.
Scotiabank (TSX:BNS) and AIMCo have each agreed to sell 2.75 million shares in the stock exchange operator that combined represent a 9.9 per cent stake in the company.
The shares (TSX:X) are being sold at a price of $67 per share. The buyer or buyers of the shares were not immediately identified.
TMX shares closed at $67.75 on Tuesday.
Once the sale is complete, Scotiabank and AIMCo say they will each hold less than a five per cent stake in TMX and no longer be entitled to appoint nominees to the company’s board.
AIMCo manages investments on behalf of 32 pension, endowment and government funds in Alberta, while Scotiabank is one of Canada’s largest banks.
The post Alberta Investment Management and Scotiabank selling shares in TMX Group appeared first on Canadian Business – Your Source For Business News.
Scotiabank (TSX:BNS) and AIMCo have each agreed to sell 2.75 million shares in the stock exchange operator that combined represent a 9.9 per cent stake in the company.
The shares (TSX:X) are being sold at a price of $67 per share. The buyer or buyers of the shares were not immediately identified.
TMX shares closed at $67.75 on Tuesday.
Once the sale is complete, Scotiabank and AIMCo say they will each hold less than a five per cent stake in TMX and no longer be entitled to appoint nominees to the company’s board.
AIMCo manages investments on behalf of 32 pension, endowment and government funds in Alberta, while Scotiabank is one of Canada’s largest banks.
The post Alberta Investment Management and Scotiabank selling shares in TMX Group appeared first on Canadian Business – Your Source For Business News.
