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Latest News
New Wells Fargo CEO to employees: ‘We’re sorry’ + MORE Oct 25th
NEW YORK, N.Y. – Newly appointed Wells Fargo CEO Tim Sloan told employees Tuesday that he is “sorry for the pain” that the bank’s employees have suffered as a result of the company’s sales practices scandal.
Sloan’s company-wide speech, given Tuesday in Charlotte,.... More »
How to find room to save in 2026—even with tight budgets Jan 10th
Saving more in 2026 is a common new year’s resolution, but with budgets tight and inflation driving the cost of groceries and everyday necessities higher, it’s easier said than done. Financial planning experts say it takes a careful review of where you’re spending to find ways to s.... More »
New Loyalty Rewards Tools and Apps page & an Amex Offer for Oxford Properties Gift Cards + MORE May 17th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposits± .... More »
Aeroplan elites can now transfer points to Marriott Bonvoy + MORE Sep 6th
Air Canada Aeroplan has joined a half dozen other airline programs that allow transfers of their points into Marriott Bonvoy. As of today, Aeroplan Elite members can now choose to transfer their Aeroplan points to Marriott Bonvoy points on a 1:1 basis. The Aeroplan to Marriott Transfer Process Per A.... More »
Small Business Credit Profile: Cowboy Cricket Farms Aug 29th
A couple of credit cards funded an edible insect business whose products are carried in nearly 50 retailers throughout the country..... More »
The Bank of Montreal’s second quarter profit fell to $973 million, down three per cent from a year ago, as it took bigger provisions for credit losses and restructuring expenses.
Bank of Canada holds interest rate at 0.5%
– moneysense.ca
The Bank of Canada’s key interest rate will remain at 0.5 per cent, as widely expected.
Even still, economists will be scrutinizing the central bank’s statement for clues about how it views the economy.
The last time the Bank of Canada made a rate announcement it raised its expectations for economic growth in its monetary policy report.
However, the massive forest fire in Alberta that resulted in oilsands production shutdowns earlier this month have cut into expectations for the economy in the second quarter.
The problems are compounded by recent economic data that has suggested the first quarter will end on a weak note.
The Bank of Canada’s target for the overnight rate is a key factor affecting the rates set by Canada’s big banks for variable rate mortgages and lines of credit.
Bank of Montreal senior economist Robert Kavcic wrote in a recent note to clients that the recent run of economic data has been soft, especially the trade figures.
“Look for a relatively straightforward policy statement from the Bank of Canada, with no move on interest rates but a somewhat more cautious tone than in April,” Kavcic said…
Even still, economists will be scrutinizing the central bank’s statement for clues about how it views the economy.
The last time the Bank of Canada made a rate announcement it raised its expectations for economic growth in its monetary policy report.
However, the massive forest fire in Alberta that resulted in oilsands production shutdowns earlier this month have cut into expectations for the economy in the second quarter.
The problems are compounded by recent economic data that has suggested the first quarter will end on a weak note.
The Bank of Canada’s target for the overnight rate is a key factor affecting the rates set by Canada’s big banks for variable rate mortgages and lines of credit.
Bank of Montreal senior economist Robert Kavcic wrote in a recent note to clients that the recent run of economic data has been soft, especially the trade figures.
“Look for a relatively straightforward policy statement from the Bank of Canada, with no move on interest rates but a somewhat more cautious tone than in April,” Kavcic said…
Rate survey: Average card APR remains at 15.19 percent for a 6th week
– creditcards.com
May 25, 2016: Interest rates on new credit card offers held still this week, according to the CreditCards.com Weekly Credit Card Rate Report.
