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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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Turkey’s Inflation Eases to 33.52% in July, Hitting 44-Month Low

 

                                            People shop in Istanbul, Turkey

Turkey’s annual consumer price inflation slowed more than expected in July, dipping to 33.52%, its lowest level since November 2021, according to data released by the Turkish Statistical Institute.

Key Highlights:

  • Monthly inflation rose by 2.06%, below the forecasted 2.4%.
  • June’s annual inflation stood at 35.05%, showing a continued downward trend.
  • Despite the overall slowdown, housing prices surged by 5.78%, and education costs rose by 75.5% year-over-year.
  • Transport and tobacco prices also saw notable monthly increases of 2.89% and 5.69%, respectively.

Policy Response: On July 24, Turkey’s central bank cut its policy rate by 300 basis points, restarting an easing cycle aimed at supporting economic growth. Finance Minister Mehmet Şimşek emphasized that the disinflation aligns with government targets and reaffirmed the commitment to achieving lasting price stability.

Outlook:

  • Inflation is projected to fall to 29.75% by year-end, according to a Reuters poll, though still above the central bank’s 24% forecast.
  • Officials remain optimistic, citing structural reforms and tighter monetary policy as key drivers of the improving inflation trajectory.

This latest data offers cautious optimism for Turkey’s economic outlook, though persistent price pressures in key sectors suggest challenges remain on the road to stability.


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