How to go about securing the best savings strategy in Canada.
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Is That Subscription Worth Your Money? + MORE Aug 16th
If you’re like most Canadians, you have a number of charges that come out of your bank account every month. Your gym membership, meal delivery service, beauty box, and streaming services all cost you more than pennies on a regular basis. How do you know if you are getting your money’s wo.... More »
Bank of Canada Raises Overnight Rate to 1.75%; Cites New Trade Policy and Growing Economy Oct 25th
Bank of Canada Governor Stephen Poloz at a press conference following an interest rate announcement in April.
After months of speculation, indeed, the Bank of Canada decided to raise its benchmark interest rate by 25 basis points this morning. This quarter-point hike brings the target for the ov.... More »
Toyota Credit settles US discrimination allegations + MORE Feb 3rd
DETROIT – Toyota Motor Credit Corp. will pay $21.9 million to black and Asian borrowers as part of a settlement over alleged discriminatory lending.
The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday.
A government investigation found th.... More »
Take full advantage of tax-free savings accounts + MORE Feb 3rd
Recent data indicate that Canadians are saving more. Statistics Canada reports the Household Savings Rate is currently 5.4%, a 0.4% increase from the previous year. Likewise, a recent BMO Bank of Montreal study found that 48% of Canadians are now investing in tax-free savings accounts, a 23% increas.... More »
Here’s what’s changed — and what hasn’t — in a pandemic RRSP season + MORE Jan 23rd
If you’ve been earning a good salary from a secure job, investing your savings in a tax-advantaged RRSP is a good idea. But if your income has suffered or your job security is uncertain, keeping what money you have saved in a TFSA is a better bet..... More »
$566,585,415: The Same Sex Wedding Gift To The Canadian Economy
– ratesupermarket.ca
RateSupermarket.ca’s Latest “Cost Of” Study Finds Big Bucks in Wedding Bells
Toronto, Ontario – June 26, 2013: $566,585,415: That’s the potential contribution of same sex weddings to Canada’s economy.
In the spirit of Pride Week, RateSupermarket.ca, Canada’s comprehensive financial rates comparison site, has released an in-depth look at the economic opportunity presented by same sex weddings and equality for all. The findings? An injection of hundreds of millions of dollars into Canada’s $4-billion-per-year wedding industry.
The study also found the average Canadian wedding to cost $26,961, bringing to light the need for all couples to take a unified stance on money management, as affording life’s financial milestones can present significant savings challenges.
“It’s important for couples to be on the same page when it comes to financial goals,” says Penelope Graham, Editor at RateSupermarket.ca. “Whether you’re planning a wedding, a family, to buy a home, or even the monthly budget, it’s vital to share your finance attitude and strategy with your partner…
Smart Credit Card Use While On Vacation
– ratesupermarket.ca
Like many other Canadians, you’re likely pulling out your maps (or Google Maps) and planning where to hit the road this summer – but have you considered how you’ll pay for your travels? If a cash diet is out of the question on your vacation and you’ll be relying on credit, it’s important to know which credit cards will lead to savings and rewards, rather than racked-up debt.
Offset Expenses With Rewards
First, identify your largest travel expense: will it be gas, lodging, food or entertainment? Consider using an applicable rewards credit card to get maximum savings from those purchases. For example, if you’re planning to drive far, try a gas rewards card such as the Shell CashBack World MasterCard, which offers 3 per cent cash back on gas purchases (but look ahead to be sure the gas retailer to sign up with has outlets where you’re headed!).
Other options include hotel-related cards such as The Starwood Preferred Guest Credit Card. Or, if next year’s trip is by plane, just put all your purchases on an airline points card such as the ScotiaGold Passport VISA, which gives new signups 5,000 bonus points, offers 5 per cent cash back on travel purchases, and also includes comprehensive travel insurance coverage…
Your Summer Getaway To Savings
– ratesupermarket.ca
June 28, 2013
In Canada, they say we have two seasons: hockey season and high summer. And while our beloved national sport has been put on ice till the fall, it’s time for another great Canadian tradition; cold drinks on a warm dock.
What many vacationers overlook when planning their summer getaways is a savings and spending plan. Whether you plan to pitch a tent or languish the days away at a cottage this season, read on for our guide to sweet savings while on vacation.
3 Ways To Spend Less On Gas This Summer
Temps are rising – and the open road is calling to city-dwelling folk in search of a fun summer getaway. Piling the family into the car and hitting the highway may be tradition for many Canadians… but so is spending a fortune at the gas pump along the way.
The good news – there are ways for savvy consumers to save on their fuel costs. Check out our list of top gas saving resources so you can fill up for less.
Read Allan’s Blog | 3 Ways To Spend Less On Gas This Summer
Smart Credit Card Use While On Vacation
There’s nothing worse than paying off your vacation long after you’ve returned home…
