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Latest News
RWRDS Daily Update – March 9 + MORE Mar 9th
Lynx Air adds Montreal to its route network and an Amex Offers $100 statement credit for shopping with Dell. Check out today's points and miles updates here:
The post RWRDS Daily Update – March 9 appeared first on Rewards Canada..... More »
Holiday spending is rising—and younger Canadians are leaning on credit + MORE Dec 24th
A survey by CPA Canada shows holiday spending is on the rise, and younger Canadians are using credit to keep up. Dig into the reasons why Gen Z and millennials are racking up the debt, and learn strategies to keep your expenses under control.
Gift-giving spending trends
The holidays.... More »
American Express Cobalt Card: 18 new confirmed multiplier locations (and 1 removed) + MORE Dec 24th
Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 18 new locations being added today from across Canada A big thank you to the RWRDS Canada community for providing details on thousands of locations where you can use the American Express Cobalt Card to e.... More »
The best GIC rates in Canada for 2026 Jan 30th
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 navigate m.... More »
Canada’s best student credit cards for 2023 + MORE May 15th
Credit Cards
Best student 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.
Let’s get started*
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Canada’s privacy commissioner investigating Equifax as two executives leave company
– theglobeandmail.com
The credit monitoring company’s call centre staff have told callers that only Canadians that have credit files in the U.S. were likely to be impacted
Q&A: Applying for a second card? Keep the first one open
– creditcards.com
If you’re applying for a second card, don’t close the first one. It could boost your credit score.
Household debt to disposable income ratio climbs to record in second quarter
– canadianbusiness.com
OTTAWA _ The amount Canadians owe compared with their disposable income hit a record high in the second quarter as per capita household net worth inched lower.
Statistics Canada said Friday household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.
That means for every dollar of household disposable income there was $1.68 in credit market debt.
The increase in the debt ratio came as household net worth on a per capita basis fell by $1,300 to $285,900.
“A decline in household net worth, albeit modest, alongside a sharp increase in consumer credit growth are notable as together they suggest that the ability of households to absorb higher interest rates continued to deteriorate,” RBC economist Laura Cooper wrote in a report.
Household debt has been identified as a key risk for the economy as low interest rates have made it easier for Canadians to borrow money. However, rates have started to climb in recent months…
Statistics Canada said Friday household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.
That means for every dollar of household disposable income there was $1.68 in credit market debt.
The increase in the debt ratio came as household net worth on a per capita basis fell by $1,300 to $285,900.
“A decline in household net worth, albeit modest, alongside a sharp increase in consumer credit growth are notable as together they suggest that the ability of households to absorb higher interest rates continued to deteriorate,” RBC economist Laura Cooper wrote in a report.
Household debt has been identified as a key risk for the economy as low interest rates have made it easier for Canadians to borrow money. However, rates have started to climb in recent months…
The Equifax hack is Canada’s problem, too. So where’s the outrage?
– theglobeandmail.com
Equifax is in deep trouble, and so are the many lenders who shared customer credit information with the company
