What is a Payday Loan?

A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower’s expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit…


Banks vs Credit Unions

When you want to get the lowest rate on the money you borrow and the highest rate on the money you save, where do you go? Bank? Credit Union? Online? Let’s find out.


Bank of Canada – Interest rate announcement

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010 OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is…