Friday saw one of the country’s telecom giants, Bell Canada, admit that it needs to “improve” on certain sales practices related to its TV, internet and wireless offerings. Bell insisted, however, that the reported problems only represent a small portion of their company, which has “its own code of conduct.”
News Archive - Personal Finance
By Insurance Hunter Team on Mon, 10/29/2018 - 13:28
By Insurance Hunter Team on Mon, 10/22/2018 - 13:54
Number of Canadian millionaires expected to grow faster than those in the United States.
By Insurance Hunter Team on Wed, 11/01/2017 - 11:30
Several TD Bank customers have come forward to express frustrations over issues with TD’s email transfer service. These customers have experiences issues depositing money that was sent to them into their accounts.
Shaun Rickard, who owns his own business, was among those experiencing problems. Rickard often receives email transfers from customers, and currently has $1,700 that was sent to him floating around in transfer limbo.
"It's just kind of floating right now [in cyber space]" says Rickard who owns Home Doctor, in Toronto. "It's very frustrating."
By Insurance Hunter Team on Tue, 08/01/2017 - 13:04
Siri, the nebulous personal assistant and sometimes joke teller that inhabits Apple devices is now capable of paying your bills for you. Well, you still have to shell out the money for the bill, but if you're an RBC client, you will be able to ask Siri to transfer the funds from your account to the payee by using nothing but your voice.
By Insurance Hunter Team on Wed, 07/12/2017 - 11:38
As anticipated, the Bank of Canada has raised its interest rates for the first time since September of 2010. The bank set a 0.25% increase, bringing the rates from 0.50% to 0.75%.
The interest rates that the Bank of Canada set are used as a bench mark for all other banks across the country.
By Insurance Hunter Team on Mon, 07/10/2017 - 13:00
With the Bank of Canada set to raise interest rates later this week, the Canadian dollar is likely to see a boost in value.
As per past trends, the effects of raising interest rates tends to lead to the growth of foreign investments and an increased demand for currency. In turn, this raises the value of said currency.
The Royal Bank of Canada has agreed to pay back money it obtained by charging clients excessive fees. The sum totals nearly $22 million in overcharges, plus almost $1 million to the Ontario Securities Commission, which performed the investigation.
The excessive charges were made on mutual funds and investerment products, and were deemed to have not been "Detected or corrected in a timely manner," as stated in the OSC report referenced by the CBC.
By Insurance Hunter Team on Thu, 06/08/2017 - 13:58
The first three months of 2017 have seen a 1.9% increase in the average non-mortgage debt across Canada, but a 1.45% decrease in 90-day delinquency rates.
By Insurance Hunter Team on Thu, 06/01/2017 - 16:28
According to a recent study by the Organization for Economic Co-operation and Development, Canadian teens are among the most financially literate in the world.
The study, which polled fifteen-year-olds from seven different provinces, asked questions about consumer rights, personal finance, contracts and different forms of money. All told, young Canadians scored the third most knowledgeable in the world, trailing only China and Belgium from the list of participating countries.