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
December 7 Update: Done with AIR MILES Part 2, Fairmont Hotels daily credit offer and 6 new Air Canada routes + MORE Dec 8th
News, Tips & TricksAir Canada is launching 6 new routes between Canada and the U.S. for 2017. These will all be operated by Air Canada Express. (Source Air Canada)beVancouver is once again offering up American Express Gift Cards for booking your Vancouver hotels via their site! Valid for stays u.... More »
Guide to rising credit card interest rates + MORE Jul 3rd
This guide includes articles and resources that will help you deal with rising interest rates and smarten up your spending..... More »
How does credit card debt affect a mortgage application? + MORE Apr 7th
If you’re shopping around for a mortgage, you probably already know that lenders ask for a ton of financial information before determining how much you can borrow. That list includes your household income, down payment amount and how much you owe—including credit card debt, car payments and unse.... More »
Amex Offers: Spend $1,000 with Air France or KLM and receive a $250 statement credit + MORE Jun 3rd
We see the return of an Amex Offers statement credit offer for purchasing tickets with Air France and KLM. This offer was last seen in the fall of 2021 and provided a $100 statement credit when you spend $1,000 or more with either airline. This time they upped the ante significantly as they offering.... More »
Can I transfer my balance from a personal to a business card? + MORE Jul 31st
Some business cards allow you to transfer a balance from a personal credit card to a business credit card, but it comes with a liability risk.... More »
Top of the morning
While bearish sentiment on the high-yield (or “junk”) bond market appears to be a tad overdone in the short-term, Reuters’ Luciana Lopez and Jennifer Alban provide an excellent look at why so many big names aren’t in love with this asset class:
Six years of interest rate suppression by the U.S. Federal Reserve has driven up prices for high-yielding assets and forced investors searching for income to overpay for everything from junk bonds to stocks that pay big dividends, top money managers told the Reuters Global Investment Outlook Summit this week.
“The high-yield market is sort of in a bubble and sooner or later there will be a price paid for that,” said Carl Icahn, the billionaire investor who said he owns credit default swaps on high yield debt against the 5-year U.S. Treasury note. That means he’s essentially shorting high yield debt while going long on the U.S. five-year note. “We think the risk-reward is great in that CDS,” he said…
Lower-quality corporate debt is “priced to perfection” relative to anticipated default rates, agreed Chris Hentemann, chief investment officer of 400 Capital Management…
Colorado charters first credit union for marijuana industry, but fed approvals remain
– canadianbusiness.com
DENVER – Colorado has granted a charter for the first financial institution to serve the state’s cash-only marijuana industry. But action by the National Credit Union Administration and the Federal Reserve is needed, and pot’s still illegal under federal law.
The charter is a step to resolving a problem for the industry, which generally is unable to obtain traditional banking services. Dispensaries frequently transport cash — a crime risk — and use cash to pay employees, expenses and taxes.
The Division of Financial Services issued the charter Wednesday to The Fourth Corner Credit Union. The Denver Post reports (http://dpo.st/11CYeJF) it could open in January.
Fourth Corner must get insurance from the National Credit Union Administration, but can operate until the administration decides. It also must get a master account from the Federal Reserve.
___
Information from: The Denver Post, http://www.denverpost.com
The post Colorado charters first credit union for marijuana industry, but fed approvals remain appeared first on Canadian Business.
The charter is a step to resolving a problem for the industry, which generally is unable to obtain traditional banking services. Dispensaries frequently transport cash — a crime risk — and use cash to pay employees, expenses and taxes.
The Division of Financial Services issued the charter Wednesday to The Fourth Corner Credit Union. The Denver Post reports (http://dpo.st/11CYeJF) it could open in January.
Fourth Corner must get insurance from the National Credit Union Administration, but can operate until the administration decides. It also must get a master account from the Federal Reserve.
___
Information from: The Denver Post, http://www.denverpost.com
The post Colorado charters first credit union for marijuana industry, but fed approvals remain appeared first on Canadian Business.
Top of the morning
While bearish sentiment on the high-yield (or “junk”) bond market appears to be a tad overdone in the short-term, Reuters’ Luciana Lopez and Jennifer Alban provide an excellent look at why so many big names aren’t in love with this asset class:
Six years of interest rate suppression by the U.S. Federal Reserve has driven up prices for high-yielding assets and forced investors searching for income to overpay for everything from junk bonds to stocks that pay big dividends, top money managers told the Reuters Global Investment Outlook Summit this week.
“The high-yield market is sort of in a bubble and sooner or later there will be a price paid for that,” said Carl Icahn, the billionaire investor who said he owns credit default swaps on high yield debt against the 5-year U.S. Treasury note. That means he’s essentially shorting high yield debt while going long on the U.S. five-year note. “We think the risk-reward is great in that CDS,” he said…
Lower-quality corporate debt is “priced to perfection” relative to anticipated default rates, agreed Chris Hentemann, chief investment officer of 400 Capital Management…
