The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best 5-year fixed mortgage rates in Canada May 26th
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The best 5-year fixed mortgage rates in Canada
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Number of Canadians using fintech products may triple + MORE Jan 28th
TORONTO – Business consultancy firm EY says it believes the challenge to traditional banks from financial technology, or fintechs, will accelerate rapidly this year.
EY says that until now Canadians have been slow to embrace offerings from companies such as robo-advisers and online lenders.
Citing.... More »
Half Of Canadians Carry 4 Or More Rewards Cards
– ratesupermarket.ca
Americans may be crazy for couponing but Canadians have a bit of a loyalty program and rewards card addiction.
According to a recent RBC survey, half of Canadian reward holders carried four or more cards in their wallet in 2013, with rewards credit cards being the most frequently used.
Further to that, half of Canadian rewards cardholders use their rewards or loyalty cards two or more times in a week.
“Today’s rewards programs offer Canadians a lot of value,” says Donna Lue-Atkinson, vice-president of Global Loyalty Programs and Rewards at RBC. “Canadian reward cardholders are more engaged with their programs than ever – they’re looking for opportunities to earn and maximize their points collection while enjoying the benefits the programs have to offer.”
So much so that four in 10 rewards cardholders are more likely to shop at locations where they earn points.
Groceries are the top expenditure amongst rewards cardholders (28 per cent), followed by bill payments (12 per cent), dining (9 per cent) and leisure (8 per cent)…
