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One question that still has yet to be answered is, how deferred mortgage payments might affect your credit score? Equifax recently announced, In the event that a [lender] makes a credit relief or payment deferral program available to its consumers to opt out of making monthly payments during the pandemic, Equifax’s expectation is that the [lender] would take actions on its system to ensure that it does not report any derogatory/missed payment information to the credit bureaus that is misaligned with the program it has implemented. https://www.canadianmortgagetrends.com//deferred-mortgage/

Starting Friday, March 20, Desjardins will increase its contactless payment limit on Desjardins POS terminals from $100 to $250. Desjardins credit cardholders can take advantage of the temporary increase in pharmacies, grocery stores and convenience stores. The change will affect a total of 6,000 merchants. https://blogues.desjardins.com//covid-19-desjardins-announ

Au Québec Au total, ça représente 7,7 milliards de dollars injectés dans l’économie du Québec. Gouvernement Québec va continuer d’annoncer des mesures économiques dans les prochains jours pour aider les Québécois à passer au travers de cette épreuve. Ensemble, on est capables!... Voici les détails de l’annonce

Some good news in the Period of Bad news :) https://www.cbc.ca//trudeau-coronavirus-financial-supports The prime minister said other financial support measures could be introduced, including:... - Money for businesses to allow them to keep people on the payroll even when they are at home. - New access to credit for businesses. Last week, Finance Minister Bill Morneau announced a $10 billion credit facility to lend money to businesses under stress due to the pandemic. - Help with mortgage payments. - Enhanced Canada Child benefits, GST credits for low-income Canadians. - "These sorts of things are all on the table in terms of tools we're looking at to help Canadians as quickly as possible get through these times," Trudeau said.

Last week, the tax agency launched a new online tool called Uncashed cheques. The goal: find the owner of every single one of 7.6 million cheques that have sat in government coffers for two decades.

Watch out your Credit Card payment ! Recent changes to the minimum credit card payment rules in Quebec could make a big difference when it comes to managing your debt - especially for those already having a hard time. https://www.iheartradio.ca//new-credit-card-minimum-paymen