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Scotiabanks Buys 20% Stake in Canadian Tire Financial Services

canadian tire scotia 20% partnership

TORONTO, ON–(Marketwired – May 08, 2014) – Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) and Scotiabank (TSX: BNS) (NYSE: BNS) today announced a far-reaching strategic partnership that creates unprecedented opportunities for joint marketing to drive new business growth. The agreement will see Scotiabank acquire a 20% equity interest in Canadian Tire’s financial services business for $500 million in cash. Scotiabank will also provide a funding commitment to Canadian ... Read More »

I’m New To Canada – Tips To Build Your Credit History Fast

Establish Credit History and Credit Score in Canada for new immigrants

If you’re one of the 250,000 people who immigrated to Canada this year, welcome! Aside from acclimating yourself to a new country, home, and job, you’ll also quickly realize the benefits of building a credit history with a strong credit score. Whether you’re looking to lease a car, buy a home, get a cell phone, or get a credit card, ... Read More »

New Regulations of Canadian Pre-Paid Debit Cards Announced

pre-paid debit cards

Joe Oliver, Minister of Finance, will be announcing new regulations of Canadian pre-paid debit cards today. The new regulations, which come into effect today, Wednesday April 30, will require all fees for prepaid card to be disclosed on an information box on the cards packaging. In addition, issuers of pre-paid cards will no longer be allowed to attach an expiry date ... Read More »

5 Tips To Get The Most Out of Your Credit Cards

Canadian credit cards

1. Get the Float There are two ways to play the float game. You can transfer cash from your credit card account to your checking account, called a money transfer. You can then invest that money, and place it in a high yield savings account. If you’d earn a rate of return of 6% (equity investment), and transferred $7,500 from ... Read More »

A Diamond in The Rough: The No-Fee 5% Smart Cash Credit Card

MBNA Smart Cash

The new MBNA Smart Cash credit card, from TD, just got better. With its new Smart Cash World card, it offers the highest cash rewards on ALL purchases in Canada with no annual fee: earn 5% cash back on gas & groceries for the first 6 months, 2% thereafter and 1% everywhere else! We compared the cash back savings of ... Read More »

One Liner Credit Card Tips and Tricks….

credit card tips and tricks

1. Combine bonuses to get a windfall of points TD, CIBC and Amex all issue Aeroplan rewards cards with huge bonuses. Get a card from each and you’re flying just about anywhere. 2.Use your credit card for everything – as a payment card If you pay down your balance every month, use your rewards credit card for everything from schools, ... Read More »

5 Terrifying Credit Card Mistakes That Can Leave You Broke

Canadian credit card mistakes

Credit cards can be your best friend, or your worst enemy. As satisfying as it is to get 5% off at the gas pump, it’s just as painful to pay $45 because you went over your credit limit. Here are 5 credit card mistakes the banks are counting on you making to prime their coffers. Avoid them and you’re ahead ... Read More »

10 Insane Facts About Canadian Credit Cards That Will Blow Your Mind!

Canadian Credit Card Facts

There’s a lot to know about Canada’s love affair with its favorite plastic. Here are just ten of the many wild facts about Canadian credit cards that will leave you speechless: 1. Canadians spend over $300,000,000,000 on their credit cards every year! More than the Chinese & Russian defense budgets combined! 2. The average Canadian who has a credit card balance owes around ... Read More »

Hacked Twitter Accounts Worth More Than A Hacked Credit Card

Hacked Twitter Accounts Worth More Than Credit Cards

The Wall Street Journal reports that stolen Twitter accounts are now more valuable than credit cards on the black market. According to research provided by the Rand Corporation it’s all about supply and demand. The study found that high-profile data breaches — think Target, TJX, PlayStation — create massive surges of available credit card data online. The more cards on the market, the less ... Read More »