Learn more about Canada’s top banks rates, rules and the latest news – read on!
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Compare the best GIC rates in Canada 2023 + MORE Jun 28th
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The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Making sense of the markets this week: May 29 May 28th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Banking on boring profits
Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
Making sense of the markets this week: January 22, 2023 Jan 20th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Are central banks smarter than we thought—or are they just lucky?
The world’s central banks faced plenty of critici.... More »
Credit Card Rewards Redemptions Are Surging During COVID-19 + MORE Sep 2nd
The number of Canadians redeeming credit card points for everyday purchases is surging during the pandemic, according to a study by CIBC. Typically, Canadians would use their credit card points to travel this time of year. However, COVID-19 continues to restrict border crossings and flights, which .... More »
Even Deutsche Bank is getting out of Russia - CNN + MORE Mar 12th
Even Deutsche Bank is getting out of Russia CNNDeutsche Bank faces criticism for remaining in Russia as others cut off links The Globe and MailDeutsche Bank refuses to pull all its Russia business CNBC TelevisionAll the Ways Banks Can Get Hit by Putin's War &nbs.... More »
Tips for Paying Off Credit Card Debt
– ratesupermarket.ca
Credit card bills got you down? That’s the trouble with paying with plastic. It is easy to spend, but not quite as easy to pay off the debt you accrue – especially if you are only paying the minimum each month. Carrying too much credit card debt can make it harder to get a mortgage loan for a house or finance a car should you need to. It can also be enormously stressful if you fall behind and end up in the crosshairs of a collection agency.
So, before you get any deeper in debt, it is time to get your financial house in order and develop a plan for paying off your credit card debt. Whether it’s working to bring in more income, budgeting, credit counselling, or a debt-consolidation loan, resources are available to help ease some of that burden.
Stop Using Your Credit Cards Immediately
If you are serious about paying off your credit card debt, then you better stop using them. Otherwise, you continue to add to the debt you are trying to pay off. Take them out of your purse or wallet, lock them away, or shred them if necessary…