Expect a lower Loonie, steady interest rates, rising house prices in 2014 Dec 1st

How to go about securing the best policy for your insurance in Canada.
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Should I invest my money or buy a life insurance policy instead? + MORE Feb 8th

Q: My wife and I are both 40 and have two kids—ages 5 and 7. We are considering buying a joint last-to-die life insurance policy that would cost a fixed $7,105 per year for ten years. That’s a total of $71,050 and the policy would pay $500,000 when the last of us dies. This is a proposition.... More »
insurance

Why Travel Insurance Claims Are Denied + MORE Oct 2nd

Most insurance policies end up being paid out to beneficiaries, largely because higher-risk applicants are either rejected up front, or at least assessed at a correspondingly higher rate. But for policies with a more limited shelf life, like travel insurance, there’s generally no investigation un.... More »
 commercial insurance

Fort McMurray disaster could add up to $9B in insurance claims if fire gets worse + MORE May 6th

The damage costs from the fire ripping through Fort McMurray, Alta., could reach $9 billion for insurers if the entire town has to be rebuilt, an analyst at Bank of Montreal says..... More »
 insurance companies

BMO Ascend World Elite Mastercard review May 3rd

If you’re itching to travel again, BMO has a card designed to help you get there. With an attractive insurance package and perks like airport lounge access, the BMO Ascend World Elite Mastercard seeks to tempt users into the BMO Rewards program. But here’s the big question: Is the card good enou.... More »

Home insurance: Are you covered for wildfires, floods and other climate-related disasters? Sep 5th

As wildfires continue to burn in parts of Canada, we’re increasingly feeling the impacts of the climate emergency. Canada is warming twice as fast as the rest of the world, according to a report by the federal government in 2019. The highest temperature increases are in the North, the Prairies.... More »
The Loonie will fall: Goldman Sachs
Researchers at the U.S. investment firm expect the Canadian dollar to hit 88 cents USD in 2014 as our trade deficit grows, according to media reports. That, coupled with the rebound in the U.S. economy, could lead investors to short the loonie in favour of the greenback.
Ottawa should consider end to CMHC mortgage insurance: IMF
The International Monetary Fund report suggested that the federal government get out of the business of mortgage insurance because it exposes the government and  taxpayers to risk and might distort the lending market as a whole in favour of mortgages over entrepreneurship. The IMF also recommended that Canada’s central bank hold off raising interest rates until there are signs of solid household spending, exports and investment. The think tank projected modest economic growth of 2.25% for Canada next year.
Canada will ride U.S. coattails: Conference Board
Meanwhile, the Conference Board of Canada suggested Canada could see real GDP growth of 2…

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