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This week we look at the big changes coming to Air Canada Aeroplan, the option to use a credit card to get SkyTeam Elite status, the best credit card welcome bonuses for August and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week [&.... More »
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September 6 Update: The Platinum Card from Amex now offers Shangri-La elite status which provides Singapore Airlines status, Cobalt Multipliers updated and more! + MORE Sep 7th
Following suit of what we saw on the U.K. version of The Platinum Card from American Express earlier this year, our Canadian version of the card now provides Jade Elite Status in the Shangri-La Hotels Golden Circle program. This new benefit continues to enhance the hotel elite offers the card prov.... More »
Ontario Securities Commission hearing into Home Capital put over to June 2
– canadianbusiness.com
The Ontario Securities Commission’s hearing into Home Capital Group (TSX:HCG) has been put over to June 2.
The Toronto-based lender has seen its share price tumble in recent weeks following allegations from OSC staff that the company, two former CEOs and the current CFO broke the law in their handling of a scandal involving falsified loan applications.
The company has said the allegations are without merit and vowed to defend itself.
Lawyers for the three men did not immediately respond to requests for comment on Thursday.
When the OSC announced the allegations two weeks ago, former CEO Martin Reid declined comment.
The OSC allegations prompted some customers to pull their deposits, which Home Capital uses to fund its mortgages, out of the company.
Home Capital recently secured a $2 billion credit line from the Healthcare of Ontario Pension Plan to make up the lost capital.
Ratings agency DBRS downgraded Home Capital’s senior debt rating to CCC from BB on Wednesday after the company announced it was postponing the release of its first quarter results until May 11…
The Toronto-based lender has seen its share price tumble in recent weeks following allegations from OSC staff that the company, two former CEOs and the current CFO broke the law in their handling of a scandal involving falsified loan applications.
The company has said the allegations are without merit and vowed to defend itself.
Lawyers for the three men did not immediately respond to requests for comment on Thursday.
When the OSC announced the allegations two weeks ago, former CEO Martin Reid declined comment.
The OSC allegations prompted some customers to pull their deposits, which Home Capital uses to fund its mortgages, out of the company.
Home Capital recently secured a $2 billion credit line from the Healthcare of Ontario Pension Plan to make up the lost capital.
Ratings agency DBRS downgraded Home Capital’s senior debt rating to CCC from BB on Wednesday after the company announced it was postponing the release of its first quarter results until May 11…
