All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Canada’s Best Travel Credit Cards 2019 May 21st
With a good travel credit card, travel suddenly becomes affordable. And it helps if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks like companion flights, amazing insurance coverage and flexibility with transferring points between cards.
Wh.... More »
How to avoid holiday spending regret Dec 3rd
The holidays promise laughter and the joy of togetherness, but the sparkle of the season can quickly fade when your credit card bills start rolling in. Financial and behavioural experts give their best advice to avoid unwrapping spending regret come January.
Choose presence over presents this se.... More »
Podcast Episode 69 - Huge Aeroplan promotion - Receive 50% of your miles back on award flights within Canada or between Canada and the U.S. + MORE Jun 23rd
Episode 69 - June 23, 2020 Huge Aeroplan promotion - Receive 50% of your miles back on award flights within Canada or between Canada and the U.S. In this episode we discuss the amazing Aeroplan redemption offer that was released on June 17. We discuss the details of the promotion, h.... More »
Can I earn bonus rewards playing golf? + MORE Jul 10th
There is no go-to credit card for golfers, but some cards offer golf-themed perks, such as playing a free round of golf at select hotels and redeeming rewards for tickets to sold-out golf tourneys..... More »
Customers not happy with Apple's 'pitiful' cure for iPhone 'touch disease' Nov 20th
Apple is finally offering a cure for its iPhone 6 Plus models plagued by so-called "touch disease." But some customers are dismayed to discover the company is charging a fee and placing the blame on them..... More »
Interest rates remain low because we need more borrowers
– moneysense.ca
According to a new a report by the Fraser Institute, global interest rates are persistently so very low because there’s not enough borrowers in the world.
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
The do and don’ts of joint bank accounts
– moneysense.ca
OTTAWA – Valentine’s Day may have people thinking about their relationships and where they are going.
And if the heart turns to taking it further, that may mean the marrying of finances.
For some couples, it will be when they move in together and begin sharing big expenses like rent. For others, it may be when they tie the knot or buy a house together.
The timing of opening a joint account, a milestone for many people, will depend on your own assessment of your relationship and financial circumstances.
Wade Stayzer of Meridian Credit Union suggests an approach he describes as “Mine, yours and ours” that sees both people maintain their individual accounts, but share a joint account for joint expenses.
How couples can combine finances »
“The together money is used to pay those together expenses, but it also provides the autonomy for each individual to be able to do what they want to do,” said Stayzer, Meridian’s vice-president of sales and service.
“You have your money, your spouse has their money and then you have joint money…
And if the heart turns to taking it further, that may mean the marrying of finances.
For some couples, it will be when they move in together and begin sharing big expenses like rent. For others, it may be when they tie the knot or buy a house together.
The timing of opening a joint account, a milestone for many people, will depend on your own assessment of your relationship and financial circumstances.
Wade Stayzer of Meridian Credit Union suggests an approach he describes as “Mine, yours and ours” that sees both people maintain their individual accounts, but share a joint account for joint expenses.
How couples can combine finances »
“The together money is used to pay those together expenses, but it also provides the autonomy for each individual to be able to do what they want to do,” said Stayzer, Meridian’s vice-president of sales and service.
“You have your money, your spouse has their money and then you have joint money…
