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Lexus ES review: The best used small luxury car for 2023 + MORE Jul 3rd
Since 1992, the Lexus ES series has been a favourite of car buyers looking for a mix of excellent value and luxurious interior appointments. Parent company Toyota’s legendary reliability is an appreciated bonus. Those are among the reasons why the Lexus ES made my list of the 10 best used cars in .... More »
Berkshire profit climbs 9.8 per cent on insurance, railroad + MORE May 3rd
Net income rose to $5.16-billion (U.S.), or $3,143 per share
.... More »
CMHC tightens mortgage rules in latest response to COVID-19 + MORE Jun 12th
On June 4, 2020, the Canadian Mortgage and Housing Corporation (CMHC) announced changes to the eligibility rules for mortgage insurance, in the agency’s latest response to the COVID-19 pandemic.
The new rules will lower the amount of debt an applicant for an insured mortgage can carry, set a hig.... More »
Money Fit calendar: May May 2nd
Get Money Fit and become an insurance pro in May.
The post Money Fit calendar: May appeared first on MoneySense..... More »
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 »
CBO: Growing economy to help budget deficit shrink to lowest level since Obama took office
– canadianbusiness.com
WASHINGTON – Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.
The Congressional Budget Office says the deficit will be $468 billion for the budget year that ends in September. That’s slightly less than last year’s $483 billion deficit.
As a share of the economy, CBO says this year’s deficit will be slightly below the historical average of the past 50 years.
The budget agency also says the number of U.S. residents without health insurance will drop substantially — from 42 million last year to 36 million this year — largely because of Obama’s health law. These numbers don’t include people who are in the U.S. illegally, who are ineligible for subsidies under the health law.
In a report released Monday, CBO projects solid economic growth for the next few years. The official scorekeeper of Congress also expects unemployment to drop slightly…
The Congressional Budget Office says the deficit will be $468 billion for the budget year that ends in September. That’s slightly less than last year’s $483 billion deficit.
As a share of the economy, CBO says this year’s deficit will be slightly below the historical average of the past 50 years.
The budget agency also says the number of U.S. residents without health insurance will drop substantially — from 42 million last year to 36 million this year — largely because of Obama’s health law. These numbers don’t include people who are in the U.S. illegally, who are ineligible for subsidies under the health law.
In a report released Monday, CBO projects solid economic growth for the next few years. The official scorekeeper of Congress also expects unemployment to drop slightly…
Medical expenses that aren’t covered
– moneysense.ca
Since 1998, the amount we pay for out-of-pocket medical expenses has increased by 46%. But many of us still overestimate the number of health-care products and services that are covered by health insurance, according to a recent Sun Life survey. Below are the top services that we have to contribute towards, ranked by the percentage of Canadians who think they’re free.
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The post Medical expenses that aren’t covered appeared first on MoneySense.
5 triple play stocks to consider
– moneysense.ca
(Tim Pelling/Getty Images)Investors can win with dividend stocks and they do even better with value. But triple plays are possible when the two are combined and momentum is added into the mix.
My search for triple play stocks started this week with Canadian dividend payers. Not only do dividend stocks provide income, but they also tend to outperform over the long term.’
While dividends are nice, I’m always on the lookout for a good deal. That’s why I opted for stocks with a combination of low price-to-earnings (P/E) and low price-to-book-value (P/B) ratios.
Last, but not least, in an effort to avoid leveraged oil firms plumbing new lows, I stuck to stocks trading near their 52-week highs.
The five firms that pass my triple play test are presented below, in order of decreasing market capitalization (or size).
Toronto-based Fairfax (FFH) leads the list with a market capitalization of $13.6 billion. The insurance conglomerate also happens to be the most expensive of the bunch with a P/B of 1…
