Tag: BMO

Hidden Camera Reveals How Bank Employees Mislead And Upsell On Pricey Credit Card Insurance | CBC News

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A Marketplace hidden camera investigation is raising questions about how bank employees are selling a pricey and controversial product marketed to help with credit card payments if you lose your job or get sick. It’s called credit card balance insurance, or balance protection insurance — and if you’ve signed up for a credit card, chances are you’ve been asked to buy it. But many experts say the insurance comes with high fees — typically a percentage of a cardholder’s outstanding balance — and so many exclusions it can be hard…

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Trade War Fallout: Why Oil And The Loonie Are Finally Headed Apart | CBC News

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It’s a relationship that Canadians had gotten used to. For years, when the price of oil went up, so did the value of the Canadian dollar. That led to a soaring loonie when oil prices were flying high, but double-takes while travelling in the U.S. once the wind came out of oil’s sails and the Canadian dollar was lower. But a funny thing has happened of late, as the symbiotic relationship between the two has weakened. Or, as Bank of Montreal economist Doug Porter put it, “The Canadian dollar continues to diverge…

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Your Legal Pot Buying Data Could Get You Banned From The U.S., Lawyers Warn – National | Globalnews.ca

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As laws on marijuana relax on both sides of the U.S.-Canadian border, attitudes have hardened at the border itself. When Canadians are able to buy legal recreational marijuana sometime this year, we are going to start generating a lot of consumer data. Some of it will be clearly linked to individuals: credit card purchases at physical stores and online ordering to home addresses, for example. And that could have lasting consequences. Canadians can be barred for life from the United States — even after legalization here — if a border…

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