Banks Lose Trust As Service Charges Rise

Banks Lose Trust As Service Charges RiseCanada’s banks are solid, but their service seems to be slipping. After keeping fees stable for awhile, banks are raising charges on a variety of services. Interest rates on lines of credit are being adjusted. At the same time, banks are reporting record profits and senior executives are earning compensation packages that put them ahead of other sectors…

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Secured Credit Cards Can Help Build Credit History

Secured Credit Cards Can Help Build Credit HistoryNewcomers to Canada can have a very difficult time getting a credit card because they don’t have a  credit history. Building up a positive credit history is a good idea because it will make it easier to get a line of credit, a loan, or a mortgage later on.One way to do that is with a secured credit card as long as you understand how it works. Here are a…

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How We Tamed Our Debit Card Urge

How We Tamed Our Debit Card UrgeAt a time when we were really watching our pennies, my husband and I decided to use an old-school trick for budgeting to stop us from frittering our money away. I wasn’t sure exactly how much money we actually spent week to week — we were in the habit of going to the bank machine and using our debit cards whenever we needed to buy something…

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Why Women Get Less for Wrongful Dismissal

Why Women Get Less for Wrongful DismissalA seven year classroom study followed by an analysis of Court of Appeal cases  by a B.C. professor found that women typically get from 1.5 to 1.7 months less compensation in wrongful dismissal cases than men, whether settlements are negotiated or cases are litigated. Although at first blush it may appear that the reason is discrimination against women, in fact the key reason for this gender-based discrepancy in negotiated wrongful…

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Markets, Dollar, Rally on EU Crisis Plan

Markets, Dollar, Rally on EU Crisis PlanStocks, the Canadian dollar and commodities all soared Friday in the wake of an agreement among European leaders to a set of prescriptions for their debt crisis. But analysts questioned how long the rally would hold. In Toronto, the S&P/TSX composite index closed up 171.86 points, or 1.5 per cent, at 11,596.56. In New York, the Dow Jones industrial average jumped 277.83 points, or 2.20 per cent, at 12,880.09. The…

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