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AIR MILES Is Gone. Here's What Actually Earns You Travel Now

  If you've been holding onto a Air Miles card waiting to redeem for a flight, the program you signed up for doesn't exist anymore — and the cards that replaced it aren't the best game in town. If you searched "best AIR MILES credit card" and landed here, there's something you need to know first: there is no such thing anymore. AIR MILES, the loyalty program that's been part of Canadian wallets since 1992, officially became BMO Blue Rewards on June 2, 2026. BMO had already stopped issuing new AIR MILES cards back in January, and every collector's Miles converted automatically into Blue Points at a rate of roughly 1 Air Mile to 15.79 Blue Points — no action needed, no lost value. That's good news if you're a longtime collector sitting on a pile of Miles. It's less good news if you were hoping to earn free flights that way going forward, because Blue Rewards was built to compete with PC Optimum and Scene+ — grocery, gas, and everyday spendi...
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US Markets Slip as Earnings Pour In Ahead of Fed Rate Decision

 

Wall Street limped early Tuesday with corporate earnings rolling in and the Federal Reserve’s next interest rate decision imminent. 

Futures for the S&P 500 and futures for the Dow Jones industrials each slipped less than 0.2% before the bell. UPS tumbled more than 7% after the package delivery company unexpectedly dialed back expectations for the year. General Motors climbed nearly 8% as the automaker’s profit and sales rose by double-digit percentages last year. Microsoft, Google and Starbucks report their latest financial results after the bell Tuesday. Also Tuesday, the US reports on job openings for November and the Conference Board releases consumer confidence data for January. 

On Wednesday, the Federal Reserve will make its next decision on what to do with interest rates. Most expect the Fed will no make any changes, but there is hope that it may cut rates in March. That would be the first downward move since the Fed began dramatically raising interest rates two years ago to get inflation under control. 

There is a lot of evidence suggesting that the Fed may be able to pull off a so-called economic “soft landing” after a period of accelerated inflation. The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. On Friday, the U.S. government will release its monthly jobs report. Economists expect continued growth in hiring, but at a cooler pace. That’s exactly what the Fed wants to see after surging U.S. growth contributed to rising prices.


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