The “Big Five” Canadian banks offer credit cards and 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). Did you know that there are many other options?
Latest News
How to get the pension income tax credit + MORE Feb 12th
Q: I am 65 years old and will have income for the next three years. I want to open a Registered Retirement Income Fund (RRIF) and transfer some money into it to take advantage of the pension credit on a $2,000 withdrawal. While doing so, can I then turn around and use that $2,000 as part of my con.... More »
The best Visa credit cards in Canada for 2024 + MORE Jul 29th
Spend
The best Visa credit cards in Canada for 2024
This guide to the best Visa cards in Canada will help you narrow down the field and find a credit card that fits your lifestyle.
Compare now
powered by
W.... More »
Newly employed? Know your tax deductions Jul 24th
Convocations and graduation ceremonies are over and new employment contracts are in place. Now, it’s time to understand the tax consequences—especially when take-home pay is a lot smaller than expected.
Most new employees can benefit from an onboarding process that includes information about .... More »
Why utilities charge convenience fees to pay by credit card + MORE Oct 2nd
As credit and debit use increase and payments by check dwindle, utility convenience fees remain.... More »
RWRDS Daily Update – August 14, 2023 + MORE Aug 15th
Stack Prepaid Mastercard will be discontinued as of September 11, 2023, a new Amex Offers statement credit for SkipTheDishes and catch up on This Week in RWRDS. Check out today's points & miles updates here:
The post RWRDS Daily Update – August 14, 2023 appeared first on Rewards Canada..... More »
Alberta credit rating maintained but DBRS concerned about growing debt
– canadianbusiness.com
An agency is maintaining Alberta’s credit rating but says the outlook for the long-term is negative because of the NDP government’s unwillingness to tackle its deficit and growing debt.
DBRS Limited says the rating remains at AA-high, but the trend on long-term ratings has been changed to negative from stable and the province could face a downgrade within a year.
“The negative trend reflects that Alberta continues to erode its low debt advantage through sustained deficit spending,” the agency said in a release Friday. “Moreover, the province has yet to provide a credible plan to restore balance.”
Credit ratings affect how much governments pay to borrow money. Alberta had a $10.8 billion deficit last year and is forecasting a $10.3 billion deficit this fiscal year.
Finance Minister Joe Ceci has said the NDP government hopes to balance the budget by 2024.
DBRS said it is not convinced this can be achieved even though Alberta’s economy is improving and appears to have turned a corner supported by a modest rise in oil prices…
DBRS Limited says the rating remains at AA-high, but the trend on long-term ratings has been changed to negative from stable and the province could face a downgrade within a year.
“The negative trend reflects that Alberta continues to erode its low debt advantage through sustained deficit spending,” the agency said in a release Friday. “Moreover, the province has yet to provide a credible plan to restore balance.”
Credit ratings affect how much governments pay to borrow money. Alberta had a $10.8 billion deficit last year and is forecasting a $10.3 billion deficit this fiscal year.
Finance Minister Joe Ceci has said the NDP government hopes to balance the budget by 2024.
DBRS said it is not convinced this can be achieved even though Alberta’s economy is improving and appears to have turned a corner supported by a modest rise in oil prices…
