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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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The Burden of Rising Borrowing Costs: Canadians Struggle to Make Ends Meet

The rising cost of borrowing is placing a significant burden on Canadians, making it increasingly difficult for them to make ends meet.The prime rate at Canada’s six largest banks increased to 7.2% right after the Bank of Canada’s latest rate hike on Wednesday, further tightening access to credit and the cost of borrowing for Canadians.

As interest rates continue to climb, the cost of borrowing money, whether through mortgages, loans, or credit cards, is becoming more expensive. This situation is particularly challenging for individuals and families with already stretched budgets, as higher interest payments eat into their disposable income. The increased financial strain leaves many Canadians struggling to cover essential expenses such as housing, utilities, and groceries, leading to heightened levels of financial stress and hardship. Furthermore, the higher cost of borrowing also hampers individuals' ability to save for the future or invest in education or business ventures, hindering their long-term financial stability. As a result, it is crucial for policymakers and financial institutions to address this issue and implement measures to alleviate the burden of borrowing costs on Canadians.

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