November 30, 2012
The holidays are fast approaching, and shopping season is picking up steam. This year, more Canadians than ever are choosing to crack open those laptops and mobile devices than hit the mall – after all, nothing beats shopping in your pajamas!
From finding that perfect price, to online returns and fraud protection, we’ve got your online shopping basics covered. Read on for our tips!
Celebrating Cyber Monday
The online component of Black Friday has come and gone – and it was one of the biggest online shopping events in Canadian history!
Can’t wait to plan next year’s shopping strategy? Check out our best tips for finding Cyber Monday deals, coupon codes and more.
Read Allan’s Blog | Celebrating Cyber Monday
Avoid Online Returns Drama
What could be more frustrating than an online purchase gone wrong? From hours spent on the customer service line, to paying an arm and a leg in return postage, Canadians are right to be wary before clicking “buy”.
Avoid the drama – use our policy-hunting guide to vet a retailer before giving them your money – and learn how to report a sale gone rogue.
Read Diane’s Blog | Avoid Online Returns Drama
Online Fraud Protection: 14 Tips
As online shopping activity ramps up in time for the holidays, it provides the perfect cover for Internet fraudsters. Posing as hot deals or seemingly innocent links, these info hunters are looking to score your payment digits – and your identity.
Protect yourself – don’t hit the online mall without reading our 14 safety and fraud tips first.
Read Melanie’s Blog | Online Fraud Prevention
And in finance news headlines…
2.77%: A New Low for 5 Year Fixed Mortgage Rates
5 year fixed mortgage rates hit a new low this week, at 2.77%. This full service mortgage is available in Ontario and accessible to high ratio borrowers. Could we see more downward movement before next year’s anticipated rate hike?
Read Penelope’s Blog | 2.77%: A New Low for 5 Year Fixed Mortgage Rates
Mark Carney Leaving Bank of Canada: Pros and Cons
They’re saying Mark Carney’s new appointment as Bank of England Governor will be a great boon for the UK – but what does his new role mean for Canada’s economy? Will his departure have an adverse affect on the markets, interest rates and Canada’s economic growth?
Read Rubina’s Blog | Mark Carney Leaving Bank of Canada: Pros and Cons
What You Don’t Know About Your Credit Card
In celebration of Financial Literacy Month, RateSupermarket.ca offers their top tips for controlling your credit card, and paying down your balance. Check them out, and pay down that debt!
Read Kelvin’s Blog | What You Don’t Know About Your Credit Card
Mark Carney Named Bank of England Governor
In a surprise announcement Monday, Bank of Canada governor Mark Carney will be leaving his post to take top spot at the Bank of England. The move comes as the UK finds itself taking on more responsibility and a regulatory role for the European recession.
Read Penelope’s Blog | Mark Carney Named Bank of England Governor
Canadian Housing Market More Affordable: RBC
The latest data released by RBC shows housing market conditions in Canada are slightly more affordable due to softening prices and higher incomes. It’s good news for buyers – but what do long-term trends have in store?
Read Sean’s Blog | Canadian Housing Market More Affordable: RBC
You Answered!
This week, you told us: How can financial literacy be improved in Canada?
38.9% of respondents say lack of budgeting know-how is to blame, as this integral finance skill is often overlooked.
37.5% think financial literacy is a topic that should be taught in school to prepare kids for financial success in adulthood.
15.3% say credit cards are the culprit, as shoppers are poorly prepped on their features and risks.
8.3% identified the challenges of creating an effective savings plan.
Check out this week’s poll question:
How do you budget for holiday expenses?
There could be a free $25 Tim Horton’s gift card in it for you!
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