There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
Amex Offers: Spend $175 with Amex Travel for hotel or car rentals and receive a $50 statement credit + MORE Jul 20th
A new Amex Offers for booking with Amex Travel came out today This offer provides a $50 statement credit when you spend $175 or more on prepaid hotel or car rental bookings online with Amex Travel. The offer is good for one single qualifying purchase or cumulative qualifying purchases so you could .... More »
Equifax Canada seeks to regain trust in its security after major U.S. breach + MORE Jan 24th
TORONTO _ Equifax Canada’s reputation took a hit after its U.S. parent revealed a massive data breach last year, but chief privacy officer John Russo says the 19,000 affected Canadian accounts haven’t been linked to any fraud.
Russo’s assurances come as the credit monitoring compan.... More »
3 immigrants share how they achieved credit scores over 750 + MORE Oct 10th
Immigrants can achieve high credit scores in the U.S., even though our system is confusing.... More »
A Rare Fast Radio Burst has been Found that Actually Repeats Every 16 Days - Universe Today + MORE Feb 12th
A Rare Fast Radio Burst has been Found that Actually Repeats Every 16 Days Universe TodayNewest FRB Could Be A Rosetta Stone SETI InstituteUnknown source in space is emitting repeating radio signal - Insider INSIDERMysterious radio signal from space is repeating ever.... More »
The best GIC rates in Canada for 2024 + MORE Aug 26th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Survey: Average card APR jumps to new record of 15.89 percent
– creditcards.com
June 14, 2017: The national average APR for new card offers bounced to another all-time high this week, according to the CreditCards.com Weekly Credit Card Rate Report.
Can I get a credit card if I don't have a job?
– creditcards.com
At 19 with no income, it’s time to explore other ways to build a credit history
Merchants given right to apply Visa, MasterCard surcharges
– theglobeandmail.com
It is unclear whether businesses will actually apply the extra fees
Amount Canadians owe compared with income ticks lower but still near record high
– canadianbusiness.com
The amount Canadians owe compared with their income ticked lower in the first quarter but remained near record levels as mortgage debt continued to climb.
Statistics Canada said Wednesday the amount of household credit market debt as a proportion of household disposable income slipped to 166.9 per cent in the quarter compared with 167.2 per cent in the fourth quarter of last year.
That means that for every dollar of disposable income, Canadians owe about $1.67.
Economists and policy-makers, including the Bank of Canada, have raised concerns about household debt and see it as a key risk to the economy.
Low interest rates have fuelled the growth in household debt in recent years, but the central bank has started dropping hints that may be changing as the economy has improved.
Canadians should be thinking about what their finances would look like were interest rates to rise, Bank of Canada governor Stephen Poloz said this week.
Royal Bank economist Laura Cooper said the cost of servicing debt has remained broadly unchanged in recent years, but households’ sensitivity to rate hikes is likely greater now than when rates have risen in the past…
Statistics Canada said Wednesday the amount of household credit market debt as a proportion of household disposable income slipped to 166.9 per cent in the quarter compared with 167.2 per cent in the fourth quarter of last year.
That means that for every dollar of disposable income, Canadians owe about $1.67.
Economists and policy-makers, including the Bank of Canada, have raised concerns about household debt and see it as a key risk to the economy.
Low interest rates have fuelled the growth in household debt in recent years, but the central bank has started dropping hints that may be changing as the economy has improved.
Canadians should be thinking about what their finances would look like were interest rates to rise, Bank of Canada governor Stephen Poloz said this week.
Royal Bank economist Laura Cooper said the cost of servicing debt has remained broadly unchanged in recent years, but households’ sensitivity to rate hikes is likely greater now than when rates have risen in the past…
Aimia suddenly suspends dividends following Air Canada’s decision to cut ties
– canadianbusiness.com
Aimia Inc. (TSX:AIM) is immediately suspending all dividends on common and preferred shares, including previously declared payments that were to be made at the end of this month.
The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer.
Aimia says the dividend suspension is required following Air Canada’s decision to stop using Aeroplan and launch its own customer reward program in 2020.
That announcement sparked a major decline for Aimia shares, which closed at $1.89 on Tuesday, worth less than one-quarter what they were worth prior to May 10.
Aimia says a capital impairment test required by the Canada Business Corporations Act prevents it from paying the dividends, even though it has the liquidity to do so.
“Our business continues to perform well and generate strong free cash flow,” executive chairman Robert Brown said in a statement.
Shareholders who are entitled to previously declared dividends may be paid at a future date…
The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer.
Aimia says the dividend suspension is required following Air Canada’s decision to stop using Aeroplan and launch its own customer reward program in 2020.
That announcement sparked a major decline for Aimia shares, which closed at $1.89 on Tuesday, worth less than one-quarter what they were worth prior to May 10.
Aimia says a capital impairment test required by the Canada Business Corporations Act prevents it from paying the dividends, even though it has the liquidity to do so.
“Our business continues to perform well and generate strong free cash flow,” executive chairman Robert Brown said in a statement.
Shareholders who are entitled to previously declared dividends may be paid at a future date…
