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?
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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 »
AIR MILES Shops Boxing Day offer: 20x miles sitewide Dec 28th
A day late with this one but you can still take advantage of today! AIR MILES is offering 20x miles sitewide via AIR MILES Shops on any and all purchases that earn at least 1 base mile. This offer is available until 11:59pm EST December 27, 2023. There are also some individual merchants like Dys.... More »
NASA scientists discover human-safe temperatures on the moon - Mashable + MORE Jul 30th
NASA scientists discover human-safe temperatures on the moon MashableThe Moon's One Spot of Perfect Temperature The AtlanticScientists discover 200 'Goldilocks' zones on the moon where astronauts could survive Livescience.comStrange Moon Pits Could Have Temperatures .... More »
What are some low-cost options to process credit cards for my business? + MORE Jun 5th
Business owners looking to accept credit cards have sevaral low cost options, including Square, Clover and Paypal..... More »
One week left to grab the great welcome bonus of 350 WestJet dollars on the WestJet RBC World Elite Mastercard Dec 31st
There is only one week left to grab one of the easiest to earn credit card welcome bonus offers. The current offer of 350 WestJet dollars for Canada's #1 airline credit card*, the WestJet RBC World Elite Mastercard comes to end next on January 6th. The regular bonus of 250 WestJet dollars when you a.... More »
5 months after Equifax breach, no new data security rules
– creditcards.com
Five months after Equifax data breach, debate over security rules continues – but new tools let individuals lock their credit files.
Home Capital Group says new mortgage rules have clients migrating from big banks
– canadianbusiness.com
TORONTO _ Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year _ even though it too is required to abide by the requirements.
Preliminary indicators also suggest the credit quality of Home Capital mortgage originations is improving after the new rules were introduced Jan. 1, though it’s difficult to precisely quantify the impact, chief executive Yousry Bissada said on a conference call Thursday to discuss its fourth-quarter earnings.
“We have observed that some of our customers have been impacted by the stress test, and have therefore qualified for smaller loans than they would have last year.”
The rules for federally regulated lenders introduce a stress test for borrowers with a more than 20 per cent down payment to prove that they can service mortgage at a qualifying rate of the greater of the contractual mortgage rate plus two percentage point or the five-year benchmark rate published by the Bank of Canada…
Preliminary indicators also suggest the credit quality of Home Capital mortgage originations is improving after the new rules were introduced Jan. 1, though it’s difficult to precisely quantify the impact, chief executive Yousry Bissada said on a conference call Thursday to discuss its fourth-quarter earnings.
“We have observed that some of our customers have been impacted by the stress test, and have therefore qualified for smaller loans than they would have last year.”
The rules for federally regulated lenders introduce a stress test for borrowers with a more than 20 per cent down payment to prove that they can service mortgage at a qualifying rate of the greater of the contractual mortgage rate plus two percentage point or the five-year benchmark rate published by the Bank of Canada…
An 82-year-old great-grandmother is upset the Bank of Montreal didn’t lay out all options for cancelling her life insurance. Only following a CBC News investigation did Ella Beck discover she could cancel her plan and get money back.
Aimia to cut costs further as it prepares for end of Air Canada partnership
– canadianbusiness.com
MONTREAL _ Aimia Inc. share plunged 27 per cent Thursday after the operator of the Aeroplan loyalty card reported a wider quarterly loss and plans to pursue deeper cost cutting.
The Montreal-based company plans to trim its costs by $70 million per year by 2019 as it continues to adjust to Air Canada’s decision not to renew its long-term partnership in 2020. It has already sold several businesses, including its British Nectar coalition, and cut staffing in half since 2015 to about 1,600 people.
Chief executive David Johnston said efforts to simplify its business to drive further savings will come in ways other than further large layoffs.
“We’ve done quite a bit of that this year but there’s some corporate simplification we’re doing _ properties, technology _ I’m not envisaging material further job cuts,” he said in an interview Thursday.
Shares of Aimia Inc. fell more than 27 per cent in mid-afternoon trading after it reported a $214.7-million loss in its latest quarter, hurt by a charge related to the sale of its Nectar program and related assets…
The Montreal-based company plans to trim its costs by $70 million per year by 2019 as it continues to adjust to Air Canada’s decision not to renew its long-term partnership in 2020. It has already sold several businesses, including its British Nectar coalition, and cut staffing in half since 2015 to about 1,600 people.
Chief executive David Johnston said efforts to simplify its business to drive further savings will come in ways other than further large layoffs.
“We’ve done quite a bit of that this year but there’s some corporate simplification we’re doing _ properties, technology _ I’m not envisaging material further job cuts,” he said in an interview Thursday.
Shares of Aimia Inc. fell more than 27 per cent in mid-afternoon trading after it reported a $214.7-million loss in its latest quarter, hurt by a charge related to the sale of its Nectar program and related assets…
