Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Video: How the Bank of Canada’s interest rate affects you Apr 13th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
SimplyCash from American Express credit card review May 19th
Rewards are great, but they usually come at a price. And with credit cards that usually means an annual fee. Not so with SimplyCash from American Express: This no fee credit card offers impressive rewards at no extra cost to you. With an impressive earn rate of 1.25% on everything you buy, the Simpl.... More »
Is probate an inevitable cost for a surviving spouse? Feb 12th
Q. My husband and I have lived in our principal residence for 40 years. The house is held solely in his name, and I am the beneficiary of his will. Would the house have to be included in probate of his estate, should he predecease me?
–Sandra
A. Your seemingly simple question has a historic twist.... More »
How to manage and save money without a budget Oct 13th
“Stick to a budget” is one of the most common pieces of advice you’ll hear if you’re trying to save money. But not everyone wants to make decisions according to a spreadsheet—and there are many ways to manage your money that don’t involve a budget. Often, a simple, critical look at your .... More »
Deferring Your Mortgage Could Cost You More Down the Road + MORE Jun 4th
Well over 700,000 Canadian homeowners have now taken advantage of various mortgage payment deferral programs offered by most mortgage lenders.
It’s no wonder there’s been so much demand, considering more than three million jobs have been lost across the country since the start of March when the.... More »
How to Earn More Credit Card Rewards
– ratesupermarket.ca
One of the most rewarding parts of using a credit card is racking up the freebies. Learn some tips and tricks on how you can potentially earn more points.
Choose the Right Card
One of the most important steps you can do is to find a credit card that aligns with your lifestyle and purchase habits. If you’re a frequent traveler, a travel reward card like the Scotiabank PassportTM Visa Infinite card not only allows you to earn points that you can redeem for free travel but has features like no FX markup and free lounge passes, that any seasoned traveller will appreciate.
On the other hand, if you’re looking for a card that you can use to maximize the benefits of everyday shopping from groceries to gas, a credit card like the President’s Choice Financial® Mastercard® can reward you for everyday purchases.
Redeem Your Rewards Strategically
Some credit cards offer greater rewards if you redeem your points for specific purchases. For example, if you have the TD® First Class Travel® Visa Infinite card, your points are worth three times as much if you book travel online through Expedia…