Federal Competition Bureau highlights ugly truths about credit cards, but merchants can help

On every credit card, there should be a warning printed like the one on cigarette packs: smoking can cause cancer, and this credit card can kill your financial future.

TORONTO—Even if I heavily use my credit cards, I will try to spend whatever amount I'll be able to pay by the end of the month. Of course, sometimes for many people, this is not possible and at that point they fall into the big black hole created by financial institutions who slap us with o...

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