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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Researchers in Utah find evidence of earliest human tobacco use 12,300 years ago - Globalnews.ca + MORE Oct 12th
Researchers in Utah find evidence of earliest human tobacco use 12,300 years ago Globalnews.caArchaeologists Say They've Found the Earliest Evidence of Humans Using Tobacco GizmodoArcheologists discover the earliest known use of tobacco in Utah InverseMammoths Roamed.... More »
BMO will cap the AIR MILES Mastercard's new 2x grocery earn rate + MORE Jul 19th
Last week it was announced the BMO AIR MILES Mastercards will be receiving a full time grocery store purchase accelerator in light of AIR MILES losing the Empire group of stores as a partner. The news revealed the co-brand cards will earn 2x AIR MILES Reward Miles on purchases at all grocery s.... More »
Top 5 Small Business Credit Card Sign Up offers for April - These cards provide the best value out of their welcome bonuses Apr 13th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As a.... More »
Roame: A new free award search engine covering 12 airlines May 22nd
You’ve signed up for the biggest and best credit card offers to earn thousands of points. You’ve earned thousands more by maximizing the points you earn on your everyday spending with those cards. Perhaps, you’re lucky enough (or some would say unlucky) to travel frequently for bus.... More »
Canada’s best rewards credit cards for 2023 + MORE Mar 20th
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Best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Rolling in the Debt: Canada sees a rise in Household Debt
– ratesupermarket.ca
While the value of Canadian homes has decreased for the first time many years, the same cannot be said for Canadian debt levels. This past week, Statistics Canada released its National balance sheet and financial flow accounts looking at the last quarter of 2018, and it shows that the amount Canadians owed relative to their income increased towards the end of the year. The average debt-to-disposable income percentage went to 178.5 per cent (up from 178.3 per cent in the previous quarter). That means for every dollar of disposable income a Canadian household has, they owe $1.79 in credit market debt. The report also dove into the latest housing figures and interest rate trends.
Demand for mortgage loans rising
In the last quarter, Canadian households borrowed $21.1 billion. While the demand for consumer credit and non-mortgage loans did go down, demand for mortgage loans rose $2.3 billion to a total $12.3 billion.
In terms of overall credit market debt, including consumer credit and mortgage and non-mortgage loans, Canadians owe a total of $2…
