Archive for the ‘Financial’ Category

Back in 2011, when I used to be actively trading many bank stocks, large investors were generally excited about their prospects (their refers to the bank stocks) when the economy rebounds. Even Warren Buffett bought about 5 billions worth of shares in...

Yesterday, while waiting in line to pay here at Target here in downtown Montreal, I heard the lady at the cash telling someone that they do not accept American Express cards. It wasn't the first time I heard that - and I'm sure that's the same for many...

Most of us Canadians deal with the United States and get paid with US Dollars. Many Canadians receive payments to their PayPal account in USD, and are forced, when transferring the money from PayPal to their bank account, to exchange the money first to...

A couple of years ago, I used to have a TFSA account as part of my BMO Investor Line account. Every year I was able to move an additional $5,000 to my TFSA account. For those who do not know, a TFSA account, which stands for Tax Free Savings Account, is...

Yesterday I was watching a documentary on Napoli (feels weird when I call it Naples), and how life is becoming increasingly hard there, and how unemployment is skyrocketing and how people are closing their shops because of the high taxes. 15 years ago,...

If you have ever tried doing a wire transfer from outside Canada to a Canadian bank, then you have probably smiled after reading the title of this post. It's a weird experience that may or may not work from the first 5 tries, especially if you're...

If you're using PayPal, then you should know by now that they are, by far, the best payment processor out there, simply because their discount rate is very reasonable and you don't need to pay merchant fees for their non-API model. Not only that,...

I have 2 lines of credit - one with Bank A and the other with Bank B. At one point back in 2008, both had the same interest rate of 6.5%. At that time, I wasn't using any of them. In 2010, I started my own business and I needed all the money I can get...

When trying to move their line of credit from one bank to another, some people follow this process: They call the bank that has their current line of credit. They ask them to cancel it. They go to the other bank and tell them that they just canceled...

Sometimes, I wonder why not all merchants use PayPal to process their payments. I believe the reason is that they think that PayPal's discount rate is higher than other payment gateways. In fact it is lower - much lower. Here's why: The cheapest...

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