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July 10 Update: Redeem for an AIR MILES Dream Reward for a chance to win a $5,000 gift card, more free points from Stash Hotel Rewards & more! + MORE Jul 10th
AIR MILES in collaboration with Redtag.ca are offering members a chance to win a $5000 Redtag.ca gift card and other prizes. All you have to do to enter is make a Dream Rewards redemption. For every mile you redeem for a Dream Reward you will receive one entry into the contest. In addition to th.... More »
January 19 Update: New Prepaid Credit Cards page on Rewards Canada and the Marriott Bonvoy Business card retains its up to 85,000 bonus points bonus + MORE Jan 19th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
Earn up to 40x AIR MILES when you purchase a MAX PASS Apr 3rd
AIR MILES has revealed their next set of MAX PASS Bonus offers that provide up to 40x miles. Launched in September 2022 AIR MILES MAX PASS is pay for play option to earn extra bonus miles when shopping at select retailers. This is the third set of offers and are available for purchase until April [&.... More »
ENDS SOON! Amazing welcome bonus of 150,000 points on The Business Platinum Card from American Express + MORE Jan 17th
The best ever welcome bonus of up to 150,000 Membership Rewards points is currently available on the Business Platinum Card® from American Express This offer is 30,000 points higher than the last offer and is open to new customers who are approved for the card and meet the minimum spending requirem.... More »
After Five Years, Dodd-Frank Is a Failure + MORE Jul 20th
The law has crushed small banks, restricted access to credit, and planted the seeds of financial instability..... More »
Canceled cards boost debt utilization ratio
– creditcards.com
When you cut several cards from your wallet, you can reduce a big credit score hit by increasing the credit limits on your remaining cards
Obama's Visa Double Game
– online.wsj.com
Siding with unions instead of workers trying to follow the law.Higher mortgage insurance premiums could hurt first-time buyers
– moneysense.ca
(Getty Images/Tom Merton)TORONTO – Some realtors and economists say higher mortgage insurance premiums introduced recently by Genworth Canada and CMHC could cause first-time homebuyers to delay their purchases.
“It’s certainly going to bite into first-time, low-equity homebuyer sales,” said Helmut Pastrick, chief economist with Central 1 Credit Union.
“I don’t expect a major impact on housing sales activity as a result of this change, but at the margin, it will slow first-time buyer sales to some extent.”
Canada Mortgage and Housing Corp. announced last week that insurance premiums for buyers who have a downpayment of 10 per cent or less will go up by 15 per cent starting June 1. Genworth matched the move on Monday with an identical increase.
Canada Guaranty, the third mortgage insurance provider in the country, has yet to announce a boost to its premiums.
Both CMHC and Genworth said they don’t expect the changes to have any significant impacts on housing demand.
But Ron Hollet, a Halifax-based broker with Re/Max Nova, says he expects the changes will force a number of first-time buyers out of the market…
