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Email this5:25 pm
January 28, 2015
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AllanB said
Doug was complicit in the $400 billion stimulus spending scandal. He happily wink wink took the massive download spend helping to put all Canadians in jeopardy; he transferred the debt upstream while still running big deficits. I would be surprised if he didn't take some for himself. During his term home speculation got out of control you see the result. The real estate developers run the province. I was a supporter till he went along with the shutdown.
Where do you get this from? The home speculation was all BOC having interest rates too low for too long .There is nothing in my research where he was involved in any stimulus scandal ,transferred debt upstream? If this were true ,which it isn't the other parties would have been all over this during the election,which they weren't and he won even a bigger majority.
Anyways this form is to be about saving ,interest and investment . You should not be posting fake political statements.
7:13 pm
April 18, 2022
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mechone said
and he won even a bigger majority.
In 2018 he got 2,326,632 votes
In 2022: 1,912,057 votes in a province of 15 million.
8:04 pm
April 14, 2021
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Out of how many ballots cast in each election?
3:50 am
March 30, 2017
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AllanB said
savemoresaveoften said
As long as the country is strong/have strong allies, and politically stable
Western democratic countries are not as strong as they use to be and no longer politically stable. There is no way Canada is in the Top 20 of least corrupt countries. In Ontario for example it seems every major contract turns into scandal. The feds spent over $400 billion this past couple years much of it unnecessary. AAA Lmao.
Canada rank 13th in the world least corruption index. As usual you just talk with fake post or even worse did not even fact check.
6:03 am
January 28, 2015
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AllanB said
mechone said
and he won even a bigger majority.
In 2018 he got 2,326,632 votes
In 2022: 1,912,057 votes in a province of 15 million.
Conservative seats 2018 - 76/124 2022 - 83/124 Keep tossing sooner or later something should stick. 15 million ..nope try 10 million can actually vote of age and 43% voted 4.3 million . So almost 50% voted for Cons .More people voted in 2018 58% so his numbers are better in 2022 .A majority voted Conservative ,thus more seats.
8:19 am
April 18, 2022
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He got 414,575 less votes than he got in 18. A big loss.
"I've always said we don't need more taxes. We need more taxpayers," Ford told reporters Thursday, pushing the federal government to allow more immigrants to fill an estimated 340,000 jobs in skilled trades and other fields." Toronto Star
12:41 pm
March 15, 2019
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Doug Ford and the Conservatives got a slightly higher % of the votes cast in 2022 than in 2018.
9:54 pm
December 16, 2020
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Norman1 said
Even more accurate to say that "someone who pays us interest and fees is more valuable than someone whom we have to pay interest to."
About 30+ years ago we had neighbours over for dinner and their banker son in law also came. Somehow the conversation got around to credit cards - his jovial words were:
"in the business we refer to those who pay their CreditCards off each and every month incurring no penalty and never carrying a balance, as dead beats.
So you know you are doing right when your bank thinks of you as a dead beat! lol
6:23 am
March 15, 2019
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ExtraSauce said
"in the business we refer to those who pay their CreditCards off each and every month incurring no penalty and never carrying a balance, as dead beats.So you know you are doing right when your bank thinks of you as a dead beat! lol
The credit card company still get the merchant fee (2% or more) regardless of what the credit card user does.
6:45 am
March 30, 2017
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COIN said
The credit card company still get the merchant fee (2% or more) regardless of what the credit card user does.
The credit card companies profits are coming from the 20% interest on those that carries a balance. With most cards offering some kind of rebates (cash or points), the merchant fee pays for the running expenses and the kickback to the card holder.
7:56 am
September 11, 2013
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When people say "credit card companies" do they really mean banks? I'm trying to figure out who's the greedy villain in people's eyes, is it VISA or the bank? Or both? Or someone else?
8:09 am
March 15, 2019
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"With most cards offering some kind of rebates (cash or points),"
I get 4% rebate on my VISA card when I buy groceries (less when I buy other stuff).
8:47 am
December 16, 2020
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Bill said
When people say "credit card companies" do they really mean banks? I'm trying to figure out who's the greedy villain in people's eyes, is it VISA or the bank? Or both? Or someone else?
I don't know the breakdown in hard numbers, but both banks and the credit card companies are definitely partaking of the lucrative CC cash flow.
There are branding associations between the CC companies and banks and they're both in on the deal.
9:23 am
September 11, 2013
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Cardholders pay interest and card fees (many pay neither), seem to be the only 2 sources of revenue from cardholders. Then merchants pay 2% or so per transaction. Then someone (who?) pays me 4% back when I buy groceries. Would have to know how all that's split up to determine if anyone's being egregious.
9:34 am
April 6, 2013
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Visa Canada collects a network fee of 0.09% for running the Visa card network in Canada.
The Visa credit card issuer collects an interchange free from 0.8% to 2.45% depending on merchant type, card type (Visa, Visa Infinite, or Visa Infinite Privilege), and transaction category.
For example, standard electronic card-is-present charge is 1.25% on a regular Visa and 1.57% on Visa Infinite. Charities can get a break under the "Emerging Segments – Preferred" program that can reduce their interchange to 0.80% on a regular Visa credit card and 1.00% on a Visa Infinite credit card.
The Visa credit card issuer keeps any interest charged to its cardholders.
Visa Canada publishes details at Credit Card Processing Fees & Interchange Rates.
9:48 am
April 6, 2013
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ExtraSauce said
…
So you know you are doing right when your bank thinks of you as a dead beat! lol
Credit cardholders who don't carry a balance are now called transactors. The ones who do carry balances are called revolvers.
Obviously, back then, some of the bankers weren't that bright and had trouble seeing the difference between deadbeats, who defaulted, and transactors who paid them back every month!
10:53 am
March 30, 2017
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COIN said
"With most cards offering some kind of rebates (cash or points),"I get 4% rebate on my VISA card when I buy groceries (less when I buy other stuff).
Same here and my bank reimburse me for the annual fee too.
I am their most unwanted customer from their CC biz model standpoint
4:30 pm
December 16, 2020
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Norman1 said
Credit cardholders who don't carry a balance are now called transactors.Obviously, back then, some of the bankers weren't that bright and had trouble seeing the difference between deadbeats, who defaulted, and transactors who paid them back every month!
I actually prefer the less politically correct days when we had a better idea of what the banks really thought of us.
signed ... a life long deadbeat dad (aka Transactor), that taught my kids to always mute the ads and to never carry a balance on the credit cards. 
11:05 am
November 18, 2017
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Norman1:
The Visa credit card issuer keeps any interest charged to its cardholders.
Just to be clear... the "credit card issuer" is the Bank or other financial institution, right? If the transaction company (Visa, MC, etc.) kept the interest as well as the transaction fees, what would be left to the banks?
My understanding is that the transaction company (MC, etc.) lives off the commission, and the issuer (bank, etc.) off the fees and interest. Any bonuses come from the issuer's share.
Have I got that wrong?
RetirEd
RetirEd
11:16 am
April 6, 2013
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Visa and MasterCard are known as card networks. The card networks run the infrastructure and don't front any money.
Yes, the card issuers are financial institutions, like Bank of Montreal and Capital One. The issuers are the ones that front the actual money to merchants and loan the money to cardholders.
That's correct. The card networks collect the network fees. Card issuers collect the interchange fees and card interest. Card issuers pay for any card rewards.
Please write your comments in the forum.