All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Should You Give Your Teen a Credit Card? + MORE Dec 16th
Over one-third of Canadians share a joint credit card with their partner, parent, or child, according to a recent survey conducted by Rates.ca. Among the parents who share their credit card with their children, 63% said that managing their children’s purchases is less difficult than it was two ye.... More »
Podcast Episode 117: A discussion with AIR MILES about the past year in loyalty and what we can expect for 2025 Dec 18th
In this episode we welcome Jason Beales of AIR MILES to talk about what the past year of the program and the loyalty industry brought us and what we can expect in 2025. Listen to the podcast here: Watch the podcast here: Topics of discussion: Visit AIR MILES here! Subscribe and listen on your.... More »
Receive 20% points back on Aeroplan hotel bookings Jun 17th
Air Canada Aeroplan has brought back a “points back” promotion for booking hotel stays with your Aeroplan points. Members receive 20% Aeroplan points back when registering for this offer and redeeming for eligible stays booked via Air Canada. Just like the other versions of this promotion, this .... More »
Will my credit score rise after 12 months with no late payments? Jan 17th
There is no scoring bonus for making a one-year milestone of on-time payments. However, if all other factors that go into creating a credit score are positive, you should expect your score to reflect this..... More »
October 28 Update: Massive devaluation to Delta SkyMiles partner award flights, Amex offers Amazon Prime Update + another 3x/5x multiplier & OWG delays first flights + MORE Oct 28th
News out of the U.S this morning that Delta SkyMiles has significantly increased redemption requirements for award travel on partner airlines between the U.S. and Europe & Asia. Delta pretty much considers Canada as the same as the U.S. so these new non-published award rates would apply.... More »
A surprise top performer on the TSX
– canadianbusiness.com
(Photo: Natalie Castellino)These are strange days indeed, when a financial company, not a mining or tech stock, posts the best returns on the S&P/TSX composite index. But then Element Financial, which is up nearly 120% over the past 12 months, is not your typical financial sector stock. As John Aiken, a Barclays Capital analyst, puts it, “This is not the company you put grandmother into.”
It’s growth-seeking investors who will want a piece of this business. Earnings are growing around 20% a year, and Steve Hudson, Element’s CEO and founder, is a star executive who sold another lender, Newcourt Credit Group, for more than $2 billion in 1999. The Toronto-based company leases industrial equipment, such as tractors, private jets and construction machinery. One reason it’s done so well since it listed in December 2011 is that it has barely any competition.
There used to be more leasing companies, says Aiken, but big ones like GE exited the sector during the recession, and smaller players went out of business…
