May 15 roundup

On mobile payments, Timmies accepting Visa, market jolts, national house prices and investor blues.



Online only.


Digital wallets will soon be available to smartphone users in Canada. MoneySense‘s parent company, Rogers, and CIBC have teamed up to allow shoppers to pay for goods at participating retailers simply by tapping their phones on a receiver at the cashier. On a related note, you can stop scrounging for change at Tim Hortons. The coffee chain now accepts Visa.

Greek government coalition talks have officially broken down and a second election has been set for June. The news sent markets sharply lower Tuesday.

•National home sale activity edged up in April, CREA said Tuesday. The average price tag on a re-sale home has reached $375,810, up 0.9% from the same month last year.

•Feeling down about your investment prospects? It could be worse. A new survey by Franklin Templeton Investments has found Americans are more pessimistic with 26% forecasting negative returns compared with 14% of Canadians.

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