The fashion retailer had its highly anticipated grand opening to the public this morning. One of 10 gala chairs, stylist Jason Sarai escorted his wife Natasha to the Nordstrom Vancouver benefit. Media personality and gala chairwoman Tamara Taggart were among the 2, guests that made the red carpet parade. Models Madison R.
The hospital was one of four beneficiaries of the runway romp. Insider Access. Contributors Inside Vancouver. Tara Lee. Taryn Eyton. Send a free postcard to your friends and relat By Glen Korstrom February 4, , pm. David Aisenstat plans to close his Thurlow Street Keg and move it into the space occupied until recently by his Ki restaurant. Aisenstat shared his plans and political concerns recently with Business in Vancouver.
Q: What will you do with the Keg space on Thurlow? Q: How is business throughout the Keg chain? How has expansion been going? I never miss one payment. That credit check request is just an excuse they are giving to increase it for nothing at all. I may call RBC back again and giving them one last chance to fix their mistake. I do not agree for a credit check. I won't authorize a credit check just to keep something I had for a long time now.
How Interest Rates Work When you take out a loan or line of credit, most financial institutions will charge interest in return for lending you the money.
In general, here are the factors that will determine the interest rate on your loan: The current Prime Rate. Each bank sets its own Prime Rate; however, this is usually based on the rate set by the Bank of Canada. The type of loan and whether you put up collateral. For example, the interest rate on a home equity line of credit where you use your home as collateral would be lower than the interest rate on an unsecured loan. The term of your loan. This is the period of time for which the interest rate on the loan is guaranteed and may also be the length of time that it takes you to repay the loan amortization.
Your credit rating. Generally, borrowers with a good credit rating get better rates than borrowers with a weak credit rating.
Other economic factors can also affect interest rates in general. Even a small difference in your interest rate can have a big impact on the amount you will pay for your loan.
Here are some tips on qualifying for lower interest rates: Build and maintain a good credit rating history by making your payments on time. Consider using one lender—if you have multiple accounts with a lender, you could receive a lower interest rate in recognition of your relationship with them.
Choose a secured loan, where you put up some type of collateral. For example, borrowing against the equity in your home or using non-registered investments—such as GICs, government bonds or stocks—as collateral.
I am an RBC client. In a few months, they will be raising there fees. I also believe the transactions included in monthly fee will be reduced to 10 from When I got a credit rating done for my LOC, they showed me the screen. It showed every bill that I have and if I paid in full, or the minimum payment. You have a high debt to equity ratio right now, and if the market goes lower this ratio gets higher.
I believe the other banks will follow suit within the next year. What insult me the most in this story is that there's been no changes apply to the prime rate. I would accept the increase if it will be because of an increase in the prime rate, but its not the case. RBC is increasing the rate just to make more money out of me and lose me as a customer.
Regarding the high debt ratio, remember that my margin account where I have 50k in debt doesn't appear no where in my credit score. Margin account is not being taking into account. Knowing that, my debt account is not in bad shape. I don't agree to go under a credit check just to keep a rate I was giving at the time of the opening of my account.
I never miss a payment. I am good at the other places too. Which mean my credit score might had remained the same it was at the time I open my credit line at RBC. I won't follow their rules. I am under process to pay completely that credit line. The increase will happen in May. They are giving you the opportunity to keep your low rate if your credit check is the same as it was when they gave you the low rate.
I believe banks are being pro-active in analysing in determining which customers could have problems when interest rates start going up. Although you have been paying interest payment on time, I suspect you haven't been paying much capital on the line of credit. I doubt you would keep the low rate with a credit check as you are more leveraged today with your margin and RRSP loans.
What RBC is doing right now, is going to happen eventually even to your margin account and that's another reason why you should pay down some of your debt.
The higher the interest rate, the harder it will be to make money investing using margin. As for fees going up, if banks wants to keep increasing their profit, money's got to come from somewhere.
Funny how we like our bank to make money when we buy their share, but don't like paying extra in fees and interest as a customer. Same can be said with Rogers and Bell; every year they increase their prices. You are right, for a while, the credit line was at 10k I used it fully For the past couple months, I started paying it off.
I guess I don't have any choices than to go on that credit check. I will never sell my investments just to pay debt. Well, since the vast majority of the debt I hold are for investment purposes, I can declared them on my taxes and get a tax break for it a credit or whatever else its name.
Tax income is also lower in New Brunswick. While living in Quebec, I always had to pay taxes on a little salary that exceed the 40k. Also, this is certainly a pressure coming from the government. I heard a lot in the news about Canadian debt So at a point, banks are increasing the interest rate EVEN if the prime rate haven't change to push Canadians to pay their debt There's a lot of factors involved, but I won't ever forgive RBC about this one.
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