Did Canadian Banks Get Bailouts?
Economic News / Personal Finance News / Savings News

Did Canadian Banks Get Bailouts?

After the financial meltdown of 2008, things were not 100 percent economically fantastic here in Canada, but it was nothing like in the U.S. Many of us felt pretty smug about it, really. Our unemployment levels weren’t so bad, our housing prices stayed firm and our banks were a model of efficiency and best practices. Or so we thought. Last week, the Canadian Centre for Policy Alternatives revealed that Canadian banks got as much as $114 billion dollars in secret government bailout money. Continue reading »

Large Majority of Canadians Worried About Personal Debt: Poll
Debt Repayment / Personal Finance / Personal Finance News / RSM News

Large Majority of Canadians Worried About Personal Debt: Poll

As Ontarians wait to see how the Province plans to balance its budget, a new poll finds that average Canadians are no better than politicians at managing their spending. A whopping 60.1% of Canadians are not comfortable with their current level of debt, according to an independent survey from RateSupermarket.ca, Canada’s largest impartial rate comparison service. Among the 2,929 respondents from across the country, the leading cause of debt concern by far (38.8%) is credit card debt. Continue reading »

Is Loyalty Program Exchange Site Points.com Worth it?
Personal Finance / Personal Finance News

Is Loyalty Program Exchange Site Points.com Worth it?

Who doesn’t like free stuff? The question is rhetorical, but given that roughly nine out of ten Canadian households belong to at least one loyalty program it’s pretty obvious we really like to receive free stuff for shopping. Yet, according to a recent survey most of us aren’t all that impressed with what we are getting. Do you fall in the disenchanted camp? Then maybe you’ll find that a site like Points.com can boost your spirits. Continue reading »