Due to the recent downturn in oil prices, Suncor announced they are slashing 1,000 jobs and reducing capital spending by $1 billion. Oil has been hit hard recently and it’s anyones guess when it will start to recover.
Here is an interesting article on why real estate agent commissions could soon fall. With a changing landscape for buyers/sellers though increased competition it will be interesting to see if it actually happens.
In case you didn’t already hear, Target is set to close all 133 stores and leave Canada. I don’t go in there often but the few times I have visited the store I’ve noticed it’s not nearly as busy as discount-heavyweight Wal-Mart.
This week marks the 8 year anniversary of the first iPhone. Here is a look at how bad the first model was and what others looked like at the time.
It’s official, Robb Engen from Boomer & Echo has switched from dividend investing to index investing. He sold all of his dividend stocks in favour of indexing. The biggest benefit so far? Not having email alerts for 24 different companies to monitor.
Related: 5 Advantages of Dividend Stocks
Jessica writes about how much money she has made after working for a decade. We all have to start somewhere, and Jessica got her start working at A&W for under $8/hour.
Mark from My Own Advisor explains what you need to know about permanent insurance. There are many insurance options out there so it’s good to know what is available and the positives/negatives of each.
Related: Why I Always Buy Travel Insurance
Barry from Money We Have describes 15 ways to save money on groceries. With food costs rising every year it’s always a good idea to look at saving money on food whenever possible.
If you’re into tanning, smoke cigarettes or gamble often, you’ll want to read Michelle’s list of unhealthy habits that stop you from saving money. I don’t do any of those things (mainly because I am cheap) but if I did, I don’t think it would last long.
Stephen wrote about how to get the most out of your new car warranty. We purchased our first car new and made sure it had a sufficient warranty in car it started to break down.
Over at Canadian Budget Binder, click here to read an interesting post on how a sneaky wife taught her husband a money lesson he won’t forget.
Gift Card Offer
As you probably know, I use the Scotiabank Momentum Visa Infinite card for almost all purchases.
Here is what the card offers:
- 4% cash back on gas and groceries
- 2% cash back on drug store and recurring bills
- 1% cash back on all other purchases (no limit)
It’s rated the top cash back card in the country for good reason; in the past year I used the card to get almost $600 in cash back.
Right now Rate Supermarket is offering a $100 gift card (for Amazon, Starbucks or Futureshop) for anyone who signs up now. The card has an annual fee of $99 but it is waived for the first year for a total of $200 savings.