🇨🇦 Use your points?
I’m headed to Vancouver next week for a keynote. If there’s something I shouldn’t miss downtown let me know. It’s been a while since I’ve been to the Lower Mainland.
Lots of financial things going on with banks, grocery oligopolies, indebted Millennials, and the Air Miles implosion.
Let’s do this!
Today’s newsletter is 368 words, 2 minutes.
10 money things worth sharing this week
1. ✈️ Bank of Montreal swooped in to take over the Air Miles loyalty program. Here’s why you should redeem your Air Miles points sooner rather than later.
2. 💸 The true value of any loyalty program lies in its ability to drive changes in consumer behaviour. If you’re not careful, it’s easy to get duped into spending more for the thrill of getting something for free.
3. 🍏 Supermarket billionaire Galen Weston defended rising grocery bills in Parliament saying, “Our profit doesn’t go to me“. Many Canadians cried fowl (ok, pricy fowl) and called him out as a robber baron and “an oligarch that has monopolized life necessities“.
4. 💰 Nearly half of all insolvencies last year were filed by millennials.
5. 💯 How to raise your credit score is a popular edition of The Cash and Kerry Podcast.
6. 🏦 What happened to Silicon Valley Bank in simple terms and what the collapse means for Canadians.
7. 🏦 If a Canadian bank fails, how much do you get back?
8. 🏠 The new Tax-Free First Home Savings Account (FHSA) takes effect April 1 (not kidding). Here’s how it works!
9. 👶 There’s chatter of a new Canadian Parental Benefit arriving in the next few months. Likely reforms to employment insurance could include a new 15-week benefit for parents who adopt.
10. ⏰ Should you remove TikTok from your phone? The popular social media app has been banned from government devices.
💛 Thank you so much for reading. This newsletter is a Passion Project to give Canadians the tools to be awesome with money. The best way to support it is to send me a nice email, hire me to speak, or forward this newsletter to someone you love and care about.
As always,
Love love love
Kerry