Mobile payments - MoneySense

Mobile payments

The future is here. You can now pay for your Tim Hortons coffee using your smartphone.



  • A new poll suggests nearly half Canadians with a smartphone are ready to use it to pay for purchases. CIBC and Rogers Communications Inc. (parent company to MoneySense) launched mobile payments for two BlackBerry products on Friday, with more devices to follow.
  • Job growth in Canada slowed to a crawl in October with the economy adding just 1,800 new positions in the month.
  • More than half of Canadians have not opened a Tax Free Savings Account. That’s according to a new ING Direct survey that found close to a third of the 52%  who don’t have a TFSA have no intention of opening one this year or next with the main reason being a lack of cash.  Another big hold up, the poll found, was a lack of understanding. Forty-four per cent of respondents said they have a vague idea about how TFSAs work while 19% said they don’t understand them at all. For a quick crash course, read the virtual bank’s 10 things to know about TFSA or for a more in-depth look, check out MoneySense‘s TFSA section.
  • And now a little fantasy for your Friday. This all-inclusive resort comes with a personal butler, at a cost. For more budget conscious tip ideas, hit up our travel section.