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Tim Horton's Timbits
Tim Horton's Timbits

Timbits and CIBC unite amid big bank credit card push

Expect to see a slew of more partnerships between retailers and lenders as Canada’s banks dive deeper into credit cards.

As the banks chase interchange fees – offering them a small cut of the purchases made using their credit cards – and as retailers expand loyalty programs, the two groups are bound to keep getting together to launch co-branded pieces of plastic.