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CIBC CEO Says Mortgage Market and Cash Back Credit Cards Helped Beat First Quarter Profits

By Anita Balakrishnan, The Canadian Press, Feb. 25, 2021.A CIBC branch will be on display Thursday, April 4, 2019 in Montreal THE CANADIAN PRESS / Ryan RemiorzTORONTO - CIBC CEO Victor Dodig cited the fast-paced mortgage market and new cash back rewards credit cards as the drivers behind the bank's better-than-expected earnings growth in the first quarter, as the bank also cut its loan loss provisions despite the ongoing COVID-19 pandemic.Dodig also said on Thursday that the bank had record flows in mutual fund sales as the bank exceeded analyst expectations and reported that first-quarter earnings had risen from a…

Best balance transfer credit card

It only takes one car accident, plumbing issue or veterinary emergency to find yourself putting extra and unexpected expenses on your credit card. Unfortunately, high interest rates can make a credit card difficult -- if not impossible -- to pay off if the debt grows too large. If you're looking to pay down credit card debt this year, we have a suggestion for you: apply for a balance-transfer credit card.But how does another credit card solve your debt issues? It's pretty simple, actually. You transfer debt from a high-interest old card to a new card with a low or 0%…

Biden’s plan to expand child tax credit could lift millions out of poverty

Steve Inskeep of the NPR speaks with Chuck Marr, director of federal tax policy at the Center for Budget and Policy Priorities, about the Biden government's proposal to expand the child rebate. STEVE INSKEEP, HOST: Much of President Biden's coronavirus relief package is aimed at children. The president says he wants to expand the federal child rebate. That's a federal program that gives families money for every child they have - or at least cuts their taxes. This change could help lift up to 10 million children out of poverty, we are told. We spoke to Chuck Marr, the director…

Self offers credit building loans for as little as $ 25 per month, but it’s only worth it if you make all payments on time

Personal Finance Insider writes about products, strategies and tips to help you make smart decisions with your money. We may receive a small commission from our partners, such as American Express, but our reporting and recommendations are always independent and objective. Self Financial is an online lender that offers lender loans that can increase your credit scoreCustomers pay for themselves in monthly installments, starting at just $ 25 a month. A self loan can be a great option if you have no credit or a bad credit history.Self-reports all of your payment activity to the three major credit bureaus, so…

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