All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
COVID-19, Loss of Employee Benefits & Conversion Health Insurance Plans + MORE Feb 28th
Unfortunately many Canadians have now found themselves without employee benefits due to job loss as a result of the COVID-19 pandemic.
Not having health insurance coverage can be a source of worry for many of these unemployed Canadians.
The good news is that there are specialized health and dental .... More »
This Year’s Best Credit Cards for Travel Perks Dec 10th
For the avid traveler, there are a few things you can’t go without – your passport, travel insurance, and a good travel rewards credit card.
Those who travel pretty often already know – the opportunity to gain rewards with a good travel credit card are hard to resist. You can easily earn deep.... More »
The best travel credit cards in Canada for 2025 + MORE Jun 9th
To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started.
Best travel cred.... More »
Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle Dec 19th
The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them.
Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »
Need to cancel a trip due to COVID-19? Here’s how to get your money back Mar 15th
Most airlines and hotels are waiving cancellation fees, but collecting on travel insurance could be tough..... More »
Bank of Canada Keeps Overnight Lending Rate at 3/4%
– ratesupermarket.ca
It is somewhat of an anti-climatic end to what has been the most closely-watched Bank of Canada announcement since the Great Recession. The central bank stated this morning that it will not cut its trend-setting Overnight Lending Rate further, maintaining it at 0.75 per cent. The Bank Rate will also remain at 1 per cent, and the Deposit Rate at 0.5 per cent, respectively.
What Does This Say About the Economy?
By leaving the rate untouched, the Bank of Canada is expressing confidence in the monetary measures they took on January 21: a surprise quarter of a percentage rate cut that blindsided economists and the big banks alike.
January’s rate cut was in response to the sharp decline in oil prices, which have slid by 50 per cent due to oversupply. Fearing the worst for jobs, spending power and inflation, BoC Governor Stephen Poloz stated the cut was a measure of “insurance” against oil’s fallout. Making the cost of borrowing more affordable in turn encourages Canadians to borrow and spend, supporting the economy and protecting core inflation…
North Dakota brothers who destroyed potatoes among farmers who’ve creatively defrauded feds
– canadianbusiness.com
FARGO, N.D. – A handful of farmers have found creative ways to defraud federal farm programs in recent years.
There was the North Carolina couple who faked hail damage to their crops by telling workers to throw ice cubes and scatter mothballs onto a tomato field; the South Dakota couple who fleeced the government by collecting $1 million in wool payments for sheep they didn’t own; and the Texas man who spent one year in prison for filing a claim for cotton he never planted.
The latest case involves two brothers from North Dakota accused of using various techniques to destroy their potatoes, such as adding septic tank chemicals and bringing in what one witness called a “monster” portable heater to turn their warehouse into a spud sauna.
Fraud is one of the biggest issues in the federal farm program and costs taxpayers millions of dollars per year, according to Chad Marzen, a lawyer and Florida State University professor who specializes in insurance law and regulation…
There was the North Carolina couple who faked hail damage to their crops by telling workers to throw ice cubes and scatter mothballs onto a tomato field; the South Dakota couple who fleeced the government by collecting $1 million in wool payments for sheep they didn’t own; and the Texas man who spent one year in prison for filing a claim for cotton he never planted.
The latest case involves two brothers from North Dakota accused of using various techniques to destroy their potatoes, such as adding septic tank chemicals and bringing in what one witness called a “monster” portable heater to turn their warehouse into a spud sauna.
Fraud is one of the biggest issues in the federal farm program and costs taxpayers millions of dollars per year, according to Chad Marzen, a lawyer and Florida State University professor who specializes in insurance law and regulation…
