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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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Fed’s stance on interest rates rattles Wall Street


Wall Street recovered some of its losses on Thursday, a day after the Federal Reserve signaled that it is not planning to cut interest rates anytime soon.

The S&P 500 rose 0.4%, while the Dow Jones Industrial Average edged up 0.1%, following the worst single-day downturn since September on Wednesday.

The Fed left its main interest rate unchanged and said it does not expect to lower it “until it has gained greater confidence that inflation is moving sustainably toward” its 2% target.

Fed Chair Jerome Powell said the central bank needs more data to confirm that inflation is easing, despite recent signs of slowing wage growth and consumer spending.

“We’re not declaring victory at all,” Powell said. "We have confidence. It has been increasing, but we want to get greater confidence."

Investors were hoping for a more dovish tone from the Fed, as they worry about the impact of the coronavirus outbreak, trade tensions, and geopolitical risks on the global economy.

Some sectors, such as technology and health care, bounced back on Thursday, while others, such as energy and financials, remained under pressure.

Shares of Align Technology, the maker of Invisalign teeth straighteners, surged more than 12% after beating analysts’ expectations for sales and profit.

More economic data is expected on Friday, with the release of the monthly jobs report for January.

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