Financial Literacy, the ability to understand finance. It refers specifically to the set of skills and knowledge that allow an individual to make informed. With the knowledge in hand, you can make effective decisions in your daily finances. With that said, when some people are questioned about their finances, the majority tends to state that

BMO Bank of Montreal has recently announced the launch of BMO Lifetime Cash Flow, an industry first product that allows Canadians aged 55 and over with a guaranteed cash flow for life. This new product is a great addition to the suite of deposit products that comprise the BMO LifeStage Retirement Income Portfolios. Retirement can

Coffee drinkers can be happier as Starbucks has recently announced that its mobile payment solution is available for the iPhone, iPod touch, and select BlackBerry devices. This application is available nationwide, allowing customers to pay for their purchases using Starbucks Card Mobile App; this can be used at nearly 6,800 traditional Starbucks locations and over

Capital One has recently announced that it has completed the acquisition of the Hudson’s Bay Company credit card portfolio and related assets from GE Capital Retail Finance. This transaction was first announced on November 9th, 2010, and has almost tripled the number of customer accounts serviced by Capital One Canada. This acquisition and their partnership

The latest forecast from CIBC World Markets has noted that Canada’s economic news in 2011 will look similar like it did in 2010. The year is starting with solid growth; a mid-year rate hike and year end performance a little less than consensus. The growth drivers will be fundamentally more sustainable in 2011, than compared

Finance Minister Jim Flaherty has tightened mortgage rules with the intention to tackle the ever growing household debt in Canada. What is happening throughout Canada is that people are borrowing money, stretching it to the limits. What are the new rules? The rules in place will put new restrictions on borrowing against the value of

ING Direct offers great products that can suit virtually anyone’s needs. For those who do bank with ING Direct, there is a great bonus available for you. What is the bonus? When you invest in ING Direct’s Streetwise Funds before March 1st, 2011, you receive a bonus equal to 1% of your contributions. What this