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Latest News
Equifax hack reveals the need for tougher regulations + MORE Sep 19th
The serious consequences of the data breach won’t be properly dealt with until Equifax and other credit bureaus are properly regulated and accountable to the people they serve: consumers
.... More »
The best streaming services in Canada: The value of each—plus a few free ones + MORE Jan 24th
You have endless options for streaming services in Canada. While choice can be a great thing, it can also cause confusion when it comes to the value of each service, since each differs greatly in terms of available movies and shows, subscription cost and the number of users that can access a single .... More »
British Airways Executive Club: 50% bonus when you buy or gift Avios Aug 28th
British Airways is once again offering a bonus for buying or gifting Avios. This time it is a flat 50% bonus which tends to be the highest public offer from the program although some people were targeted for a 75% bonus during the last bonus period a few months ago. You can buy anywhere from 1,00.... More »
M.G. Vassanji delivers a dystopian story + MORE Oct 1st
NOSTALGIA
By M.G. Vassanji
Vassanji built his reputation as one of CanLit’s favourite sons with novels focused on colonialism, immigration and the search for identity in a cruel, complex world. His latest book tries to carry those themes into a new genre, dystopian fiction. Nostalgia is set in a .... More »
Mysterious boxes found around Calgary contain money, woman’s story + MORE May 21st
CALGARY — An intriguing mystery is unfolding at transit stations, bus stops and benches around Calgary.
People are finding mysterious packages and have been posting images of those findings on social media in an effort to discover who is leaving them behind.
One box found at a bus stop in a southe.... More »
‘Benign’ outlook will allow Ottawa to balance budget with a few years: Moody’s
– canadianbusiness.com
NEW YORK, – Credit rating agency Moody’s Investor Service says Canada’s Aaa credit rating with a stable outlook reflect a large, diversified economy and sound macroeconomic policy management.
And Moody’s, in a report issued Thursday, said that political consensus on maintaining relatively low government debt levels, coupled with a benign economic outlook, should allow the federal government to balance its budget within the next few years.
“The Canadian economy is transitioning towards a external-demand growth model from a primarily domestic-demand one,” Moody’s said. “As it does so, the resource sector will become increasingly important.”
“Stronger demand from the U.S. will help the Canadian economy, given the large concentration of exports going to its neighbour as well as the strong financial linkages that exist between the two countries,” it added.
Meanwhile, the ratings agency said the main risks to the economy right now would have only a limited impact on Canada’s credit quality…
And Moody’s, in a report issued Thursday, said that political consensus on maintaining relatively low government debt levels, coupled with a benign economic outlook, should allow the federal government to balance its budget within the next few years.
“The Canadian economy is transitioning towards a external-demand growth model from a primarily domestic-demand one,” Moody’s said. “As it does so, the resource sector will become increasingly important.”
“Stronger demand from the U.S. will help the Canadian economy, given the large concentration of exports going to its neighbour as well as the strong financial linkages that exist between the two countries,” it added.
Meanwhile, the ratings agency said the main risks to the economy right now would have only a limited impact on Canada’s credit quality…
TransUnion: US homeowners increasingly prioritizing mortgage payments as home values rise
– canadianbusiness.com
LOS ANGELES, Calif. – The steady rise in U.S. home values is increasingly motivating homeowners to make paying their mortgage on time a priority, according to a new study.
Credit reporting agency TransUnion said Thursday that it examined late-payment rates between 2009 and 2012 on mortgages, credit cards and auto loans among consumers with the three types of financial obligations.
The study, which looked at payment data culled from about 20 million consumers a month, found that consumers were more likely to make timely payments on their auto loans ahead of credit cards and home loans.
But through last year, coinciding with a gradual increase in home values, the late-payment rate on mortgages nearly closed the gap with credit cards.
That suggests a return to behaviour before the housing bust, when financially distressed borrowers typically prioritized paying their mortgage ahead of credit cards, TransUnion said.
“With continued improvements in housing prices, it’s probable that by the end of 2013 we will see the majority of consumers paying their mortgages ahead of their credit cards,” said Steve Chaouki, a group vice-president in TransUnion’s financial services business unit…
Credit reporting agency TransUnion said Thursday that it examined late-payment rates between 2009 and 2012 on mortgages, credit cards and auto loans among consumers with the three types of financial obligations.
The study, which looked at payment data culled from about 20 million consumers a month, found that consumers were more likely to make timely payments on their auto loans ahead of credit cards and home loans.
But through last year, coinciding with a gradual increase in home values, the late-payment rate on mortgages nearly closed the gap with credit cards.
That suggests a return to behaviour before the housing bust, when financially distressed borrowers typically prioritized paying their mortgage ahead of credit cards, TransUnion said.
“With continued improvements in housing prices, it’s probable that by the end of 2013 we will see the majority of consumers paying their mortgages ahead of their credit cards,” said Steve Chaouki, a group vice-president in TransUnion’s financial services business unit…
Sep 19 Update: RC Blog Updated posts and 1,000 Bonus Points for your first Accor stay
– RewardsCanada.ca
Thursday has proven to be a little quiet on the loyalty front in part because we are working on a feature behind the scenes that will launch here on Rewards Canada tomorrow. So stay tuned! News, Tips & Tricks Yesterday we had Robb Engen from Boomer & Echo fame provide us with an updated post on Making the most of Canada’s Best Cash Back Credit Cards. Check it out here. Also updated yesterday was our Travel Hacking 101 post to reflect the changes made to a couple of American Express cards earlier this month. Now you can earn over 80,000 Aeroplan Miles or 60,000 Avios virtually for free. See the post here. In the bonus offers section check out the Le Club accorhotels first stay bonus, it is a nice bonus to take advantage of if you have not joined Accor Hotels’ loyalty program and believe you’ll have a stay at any of their hotels before the end of the year. Bonus Offers Air China Phoenix Miles- Triple Phoenix Miles Kilometers for stays of 2 or more nights at over 160 participating World Hotels Worldwide…
