Canada’s big banks will offer mortgage relief to Canadians

Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank, and TD Bank will provide mortgage relief to customers as a result of COVID-19.

Low interest rates. COVID-19. Is now the best time to refinance your mortgage?

Interest rates are at an all-time low, and there’s a global pandemic. How to navigate mortgage refinancing in turbulent times.

We spoke to experts about how COVID-19 will impact Canadian homebuying

Given everything that’s going on, should you put your house-hunting efforts on hold? Or is it still possible to buy a home in this market?

 

How trip cancellation and interruption insurance work when it comes to COVID-19

Your credit card might have trip cancellation and interruption insurance. Here’s what you need to know.

Should you cancel your open house during the COVID-19 pandemic?

In the midst of the coronavirus global health pandemic, open houses could start going virtual.

So what exactly is no-fault auto insurance?

 It has practically nothing to do with fault, and more to do with how your insurance company pays your claim.

Bank of Canada announces emergency 50 basis point rate cut

Bank of Canada Governor Stephen Poloz said the central bank "stands ready to do what is required. 

Can you sue your auto insurance company?

 It’s not as easy as you might think. Taking your case to a tribunal is often the first step.

How to calculate the minimum payment on your credit card

How to calculate the minimum payment on your credit card

You know it’s important to at least make the minimum monthly payment. But how is it calculated and what happens if you make a late payment? Here's what you need to know.

A minimum payment is the amount you’re required to pay each month on your credit card bill in order to keep your account in good standing. 

We’ve written at length about why it’s important to at least make the minimum monthly payment on your credit card, as well as the dangers of making only the minimum payments toward your outstanding balance. 

About the author

Zandile is a freelance personal finance journalist. She previously worked as a personal finance writer at LowestRates.ca and before that, the content editor for Real Estate Management Industry News. As a self-proclaimed budget warrior, Zandile dedicates most of her time to advocating for financial wellness.

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How to calculate the minimum payment on your credit card

You know it’s important to at least make the minimum monthly payment. But how is it calculated?

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