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What is tenant insurance? Oct 3rd
Tenant insurance, also known as renter’s insurance, is one of the costs of adulting that seems to have no payback. But the reality is that you likely can’t afford not to have tenant insurance. The cost of a policy (which can range from $15 to $30 a month) is a small price to pay when you conside.... More »
Dating dilemma: When to talk about finances Mar 16th
When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
CitiBank Cuts Travel Insurance On Credit Cards Jul 6th
Canadians with Citibank cards may enjoy the benefits that come with it, including travel and insurance perks. But as of September 22, 2019, Citibank has announced it is slashing those benefits – particularly the ones associated with travel.
The benefits that will no longer be honored are worldwid.... More »
Great West Lifeco reports lower Q3 profit due to hurricane related losses + MORE Nov 3rd
WINNIPEG _ Great-West Lifeco Inc. reported a drop in its third-quarter profit compared with a year ago as it was hit by costs related to hurricanes Harvey, Irma and Maria.
The insurance company says it earned $581 million or 59 cents per share for the quarter ended Sept. 30 compared with a profit of.... More »
Accident benefits have you covered—but for what, exactly? + MORE Feb 16th
Accident benefits are likely the last thing on your mind when you’re buckling up in a new ride and tuning into your ultimate road-trip playlist. But it’s important to know that this kind of car insurance is mandatory across Canada, and it plays a very important role if an accident happens and so.... More »
What’s in Store for Global Bond Yields?
– ratesupermarket.ca
Bond yields continue to suffer as interest rates around the world remain at near-record lows. According to a recent report by credit rating agency Fitch – which rates bonds and other credit held by government and corporations – “steep declines in global sovereign bond yields over the past few years have drastically reduced investors’ ability to generate interest income from new securities purchases.”
The ratings – which are used as a guide to price these debt instruments in the open market – are currently leading to big losses for corporations invested in sovereign bonds, including insurance companies and pension funds. But these declines are also bad news for individual bond investors, who have seen income from these investments decline over the last several years. These income-dependent institutions are likely to face increasing credit risk as yields on high-grade bonds diminish.
Putting These Losses into Perspective
According to Fitch analysts, compared to yields available in 2011, global investors are missing out on $500-billion in annual income on $38-trillion in currently outstanding bonds…
