Category: Canada

8 Key Things About TFSAs And How Canadians Use Them | MoneySense

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TFSAs have been with us now for almost 10 years, and Canadians are cheering the much-anticipated annual contribution rise to $6,000 for 2019. In fact, the saving vehicle has become as much loved as hockey, poutine, and Tim Horton’s coffee. So this year’s BMO annual TFSA report, conducted by Pollara, offers some key insights into Canadians and their TFSA behaviour. Read full story here: 8 Key Things About TFSAs And How Canadians Use Them | MoneySense

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Airline Passengers Could Be Entitled To Hefty Compensation For Delays, Lost Bags | CBC News

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Canadian travellers who are bumped from flights due to overbooking, or have to deal with lost or damaged luggage, could soon be eligible for hundreds of dollars in compensation. The Canadian Transportation Agency (CTA) outlined today a proposed new regulatory regime with specific financial entitlements for travellers. The proposed regulations include: The compensation regime will offer smaller amounts for smaller airlines that serve northern or remote communities. The changes are expected to result in an average price increase of about $2.75 per ticket, though it’s not clear whether that will be passed…

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Privacy Watchdog Warns Of ‘Critical Tipping Point’ As Canada Stakes Ground In Digital Economy | CBC News

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The federal privacy watchdog is warning the Liberal government that it must not trade privacy rights for commercial gain as it strives to position Canada as a global leader in the digital, data-driven economy. In a letter to Innovation Minister Navdeep Bains, Privacy Commissioner Daniel Therrien said the digital revolution is sparking debate on some of “the most fundamental questions of our time.” While there are high hopes attached to the power of digital technologies and big data to drive productivity, growth and competitiveness, he warned we’ve reached a “critical tipping point” in the adoption of these…

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Why Many Canadians Don’t Love Self-Checkout | CBC News

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Brendan Best says self-checkout isn’t worth his time because something often goes wrong, forcing him to seek out assistance. “I would not like to have that type of hassle, so I try to go through cashier lines,” said Best, who lives in Halifax. “There’s nothing in it for me.” A new grocery shopping study out of Dalhousie University suggests many Canadians have dabbled in self-checkout, but few have found reason to embrace the technology — which, along with reducing labour costs, is supposed to make shopping more convenient. Read full story here: Why Many…

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Telecom Mediator Sees 57% Spike In Complaints In 2017-18, Mainly About Wireless | CBC News

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The federal watchdog that handles customer complaints about telecommunications and television services in Canada saw a 57 per cent spike in complaints in 2017-2018, most of them involving wireless providers. The Commission for Complaints for Telecom-Television Services said Tuesday that it also expects to see complaints rise this year. For the first time, the federal watchdog is also investigating complaints about television. But most of what it heard in the year to September 2018 were the same issues that the CCTS has been dealing with for the past 10 years —…

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Union Rejects Canada Post Offer Of ‘Cooling Off’ Period With Mediation Amid Strike | CBC News

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Canada Post’s largest union has rejected the mail carrier’s proposal of a “cooling off” period followed by mediation that would have brought an end to all strike activity until January. On Monday morning, the carrier proposed the two sides agree to mediation to settle their month-long strike before it cripples the key holiday shopping season. The company set a deadline of 5 p.m. ET on Monday for its offer, which came with a $1,000 bonus to each employee if there was no more strike activity up until the end of January.…

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‘You’re Gonna Lose Your Money’: Air Canada Online Glitch Leaves Retiree On Hook For Flight He Didn’t Book | CBC News

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A Winnipeg retiree fought back after finding himself on the hook to pay for an Air Canada flight he didn’t book, and never took. Claude Neblett was charged more than $700 after a website malfunction took his credit card details, but didn’t issue him an airline ticket. “I was very, very angry. Very upset,” said Neblett, who lives on a fixed income after retiring from Canadian Pacific Railway more than a decade ago. “But then I calmed myself down I said, well, I will try every means to get my refund.”…

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‘Quebec Is An Embarrassment’: Province Urged To Do More On Cybersecurity | CTV News

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MONTREAL — On Sept. 10, municipal employees in a region between Montreal and Quebec City arrived at work to discover a threatening message on their computers notifying them they were locked out of all their files. In order to regain access to its data, the regional municipality of Mekinac was told to deposit eight units of the digital currency Bitcoin into a bank account — roughly equivalent to $65,000. Mekinac’s IT department eventually negotiated the cyber extortionists down and paid $30,000 in Bitcoin, but not before the region’s servers were…

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Scammed Senior Citizens Being Recruited As Drug Mules: CBSA | CBC News

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Drug trafficking networks are drafting senior citizens to smuggle illicit narcotics into the country, says the Canada Border Services Agency. An intelligence advisory from the CBSA flags the issue and asks staff to be on the lookout for elderly drug importers. It suggests some of the seniors act as mules in response to financial pressure after falling victim to scams spread through phishing email messages, websites, mail and phone calls. Read full story here: Scammed Senior Citizens Being Recruited As Drug Mules: CBSA | CBC News  

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Canadian Crude Oil Industry In Crisis As Prices Plunge To Record Low | CTV News

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The Canadian crude oil industry has declared a national emergency after prices plunged to record lows. The American benchmark price for oil is now well below $60 a barrel, having dropped $20 in the last six weeks. While that’s good news for prices at the pump, it’s causing misery for producers. The price of The price of Western Canadian Select closed just under $14 a barrel Thursday. The crisis has been blamed on a surplus of product and not enough pipeline to move it. Read full story here: Canadian Crude Oil…

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