Tag: CIBC

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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Air Canada, CIBC, TD And Visa Offer To Buy Aeroplan | CBC News

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Air Canada is teaming up with three financial services giants to try to buy its former loyalty program, Aeroplan, from its current owner. Air Canada, Toronto-Dominion Bank, CIBC and Visa made the announcement Wednesday they want to buy Aeroplan from Aimia, in exchange for taking over the liability of $2 billion worth of outstanding Aeroplan points, plus $250 million in cash. The airline announced last year it would soon be ending its 30-year partnership with Aeroplan, a development that sent the parent company’s stock price tumbling and scrambling for new partners. Air Canada started Aeroplan as its…

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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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