Making waves in high-tech

Article Abstract:

Jim Balsillie became a partner in wireless data communications firm Research in Motion after losing his job as executive vice president and chief financial officer of technology contractor Sutherland-Schultz in 1992. Balsillie's investment in the company has paid off with sales rising to $20 million from $1 million in 1992. Balsillie has also received the Ontario High Technology Entreprenur of the Year award.

Management, Businessmen, Balsillie, Jim

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'Tis the season to be ... maxxed out

Article Abstract:

A June 1996 study showed that 38% of Canadians have outstanding balances on their credit cards while 49% of those with balances say that their debts increased since 1993. About 29% respondents claim to have difficulty paying off their credit cards due to job loss while another 14% cite job relocation. Experts also attribute the rising debt of Canadians to stagnant wages coupled with high taxes.

Consumer Expenditures, Private Households, Research, Personal finance, Behavior, Consumer behavior, Consumer spending, Canadians, Consumer behaviour

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New breed of credit card taking over

Article Abstract:

Financial institutions have started to offer low-rate credit cards in Canada. The lower rates, ranging from 9.23% to 14% as compared to regular rates of 16.5% to 18.9%, are aimed at serving credit card holders who carry substantial monthly balances. The low-rate credit cards are also in keeping with the plans of financial institutions to diversify their products.

Commercial Banks, Commercial Banking, Bank Credit Cards, Banking industry, Canada, Services, Prices and rates, Credit cards, Credit and debit card industry, Credit card industry

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