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Why tax season is turning into a debt trap for Canadians (and how to avoid it) Apr 2nd
If you typically carry a credit card balance, you’re in good company. The recent Study of the Canadian Consumer (Winter 2026) by Vividata shows that more than 1 in 3 Canadians (36%) usually have a credit card balance from month to month. What’s striking, however, is the study’s finding that 49.... More »
Top 5 Credit Card Sign Up offers for August + MORE Aug 9th
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of August! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should always.... More »
Earn 10x miles on Amazon purchases made via AIR MILES Shops until July 2 (Quebec only?) Jun 21st
It looks like residents of Quebec can earn 10x miles when shopping online with Amazon via AIR MILES Shops – at least I think they can! AIR MILES sent out an email earlier today announcing 10x miles at Amazon (I received it here in Alberta) but shortly thereafter another email arrived saying th.... More »
RWRDS Daily Update – June 6, 2024: Up to 10,000 bonus points on the moi RBC® Visa card‡ & earn 10x PetSmart Treats Rewards points + MORE Jun 6th
New increased bonus of 10,000 points on the moi RBC Visa card and Earn 10x PetSmart Treat Rewards Points site wide until June 9. Check out today's points & miles updates here:
The post RWRDS Daily Update – June 6, 2024: Up to 10,000 bonus points on the moi RBC® Visa card‡ & earn 10x P.... More »
New welcome bonus offers for National Bank of Canada Mastercards - 15,000 bonus points + first year free + MORE Sep 20th
National Bank of Canada is back in the bonus points game as they brought back some limited time welcome bonus offers for their proprietary rewards Mastercards. All of their A la carte Rewards cards now see a 15,000 bonus point welcome bonus plus the annual fee on the primary card is refunded for the.... More »
Ottawa should consider steps to cool mortgage borrowing
– moneysense.ca
OTTAWA – The federal government may want to consider targeted steps to “lean against” the shift toward significantly bigger mortgages, a new report by the C.D. Howe Institute suggests.
But it cautioned against any broad measures such as raising the minimum down payment for all borrowers.
The report said there are several pockets of risk in the housing market, including risk faced by low-income Canadians, younger Canadians and buyers in some of the hottest markets.
“Household mortgage debt has risen dramatically and traditional economy-wide averages understate the degree of financial risk for those that carried mortgages because they typically divide the value of mortgages across the income of households with and without mortgages,” report-co-author Craig Alexander said Wednesday.
Alexander and his co-author, Paul Jacobson, suggested the steps that could be considered included raising required credit scores, capping total debt-service ratios at lower levels, increasing qualifying interest rates or varying the minimum down payment by the size of the mortgage…
But it cautioned against any broad measures such as raising the minimum down payment for all borrowers.
The report said there are several pockets of risk in the housing market, including risk faced by low-income Canadians, younger Canadians and buyers in some of the hottest markets.
“Household mortgage debt has risen dramatically and traditional economy-wide averages understate the degree of financial risk for those that carried mortgages because they typically divide the value of mortgages across the income of households with and without mortgages,” report-co-author Craig Alexander said Wednesday.
Alexander and his co-author, Paul Jacobson, suggested the steps that could be considered included raising required credit scores, capping total debt-service ratios at lower levels, increasing qualifying interest rates or varying the minimum down payment by the size of the mortgage…
It's Too Easy for Terrorists
– online.wsj.com
A program that lets people from 38 countries visit the U.S. without a visa needs better security measures.The Best Things to Buy In December
– ratesupermarket.ca
December is that time of year when mall parking lots get crowded and you spend hours frantically looking for the perfect gift. But luckily, it’s also a time of great deals on a wide spectrum of products. Retailers are competing over consumers’ holiday dollars and they’re offering sales on items that are in high demand in order to get you in the store.
While there will be some great deals mid-month, the best deals will likely come on Boxing Day and the week after Christmas. Here are the things you should be buying this month.
Also read: The Best Credit Cards to Use on Spending Holidays>
Toys
Not surprisingly, December is the best time of the year to buy toys. Every retailer will be offering great deals on popular products to get you in the door. Take advantage of this by shopping around. You might be able to save big if you go to a few different locations and buy the heavily discounted toys that each store is advertising. Expect big discounts on Christmas themed toys after the holidays…
Rate survey: Average card rates rise to 14.98 percent
– creditcards.com
Dec. 9, 2015: A Interest rates on new credit card offers rose this week for the first time in almost two months, according to the CreditCards.com Weekly Credit Card Rate Report
Go from good to excellent credit with first (and only) card
– creditcards.com
Employing good credit habits early paves the way for a great credit score
