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Switching to a better bank account Dec 16th
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles.
But what if you’re looking for a bank acc.... More »
The best balance transfer credit cards in Canada for 2024 Feb 16th
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The best balance transfer credit cards in Canada for 2024
Moving your credit card debt to a balance transfer card can help you pay off the debt more quickly by paying little or no interest.
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Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results - CBC News + MORE Nov 30th
Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results CBC NewsIgnore the noise, buy Canadian banks: portfolio manager BNN BloombergBank earnings: Expert reaction as CIBC, RBC, TD report results BNN BloombergA breakdown of the big .... More »
Watchdog unveils guidelines to support mortgage-holders under financial stress - BNN Bloomberg + MORE Jul 5th
Watchdog unveils guidelines to support mortgage-holders under financial stress BNN BloombergStruggling mortgage holders could see lenders waive fees under new guidelines Global NewsCanada Adds Guidelines for Banks to Prevent Mortgage Defaults Financial PostWatchdog u.... More »
Canada’s best student credit cards for 2022 Aug 22nd
Researching credit cards between classes? While a grade on a paper maybe its only reward, having the right credit card can mean the difference between a free tank of gas or dinner out at the end of the semester–all while you’re building a credit history. By the time you graduate and get that fir.... More »
Four in 10 Canadians Say They are Victims of Identity Theft
– ratesupermarket.ca
Identity theft is an intricate crime, but its cause is very simple: Ignorance, Lack of Awareness and easy availability of vulnerable information.
According to a recent study conducted by Equifax Canada, attempts of credit card fraud have increased by 42 percent over the last two years. Suspected true name fraud (when an identity thief poses as a real person in completing a credit application) has also increased by 84 percent over the last five years. In 2018, millennials were targeted in 48 percent of all fraudulent credit card applications.
The damage caused by Identity theft is widespread, and according to survey results, nearly four out of 10 Canadians are victims of it in one form or another. In order to take preventive measures, it is important to understand the various types of identity theft. They include:
Financial Identity Theft: Is when personal information from lost credit cards or financial statements is stolen to commit crimes such as opening fake chequing accounts, applying for loans, mortgages and other financial frauds…
According to a recent study conducted by Equifax Canada, attempts of credit card fraud have increased by 42 percent over the last two years. Suspected true name fraud (when an identity thief poses as a real person in completing a credit application) has also increased by 84 percent over the last five years. In 2018, millennials were targeted in 48 percent of all fraudulent credit card applications.
The damage caused by Identity theft is widespread, and according to survey results, nearly four out of 10 Canadians are victims of it in one form or another. In order to take preventive measures, it is important to understand the various types of identity theft. They include:
Financial Identity Theft: Is when personal information from lost credit cards or financial statements is stolen to commit crimes such as opening fake chequing accounts, applying for loans, mortgages and other financial frauds…