All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
SimplyCash Preferred card from American Express review Jan 16th
If you’re looking for a card that will help you earn cash back on purchases, look no further than the SimplyCash Preferred Card from American Express. With a return of 4% cash back on gas and grocery purchases—and a flat 2% back on all other purchases—it is one of the best credit cards in Can.... More »
The best life insurance in Canada: your complete guide + MORE Dec 30th
Wondering how to get the best life insurance in Canada for you and your family? You’re not alone. The pandemic has shown Canadians that we are not invincible. In fact, 44% of us now plan to buy life insurance because of the effects of COVID-19, but not everyone is confident in understanding what l.... More »
Export Development Canada to pay $969M dividend to federal government + MORE Apr 5th
OTTAWA _ Export Development Canada is paying a $969-million dividend to the federal government this year.
The payment compares with a dividend of $786 million the agency paid last year and $500 million paid in 2016.
EDC generates revenue primarily from interest on loans, fees on its guarantee produc.... More »
BREAKING: Ontario Car Insurance Rates Have Increased Oct 18th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 2.06 per cent on average..... More »
The ObamaCare Cleanup Begins + MORE Feb 7th
Early executive action can improve short-term insurance markets..... More »
How to lower your life insurance rates
– moneysense.ca
Seeking affordable insurance that fits your life? Well, just keep in mind that your age and gender—variables you have no control over—can really impact your rate. But there are other factors that can boost or drop premiums that you do have more control over (Here’s a tip: steer clear of tobacco). In the example below, we show how the base rate of a $500,000 10-year term life insurance policy for a 45-year-old can rise or fall.
The post How to lower your life insurance rates appeared first on MoneySense.
Is the Recession Behind Us?
– ratesupermarket.ca
Finance headlines have touted news of a recession all year – could we now be in for a turnaround? Canada’s economy grew in July by 0.3 per cent following a 0.4 per cent rise in June. The real Gross Domestic Product (GDP) data from Statistics Canada comes after five consecutive months of decline. It also tells us if Canada was in a technical recession at the beginning of the year, (which is defined as two straight quarters of negative GDP) then it’s now probably behind us.
GDP Supported by Key Sectors
The growth in Canada’s economy in July was led by mining, quarrying, and oil and gas extraction, manufacturing, and the finance and insurance sector – largely the sectors that dragged the economy at the beginning of 2015. Even better news; output also grew by 0.8 per cent in July after a 0.7 per cent increase in June. In his note on the GDP data, Benjamin Reitzes, senior economist at BMO Capital Markets wrote, “The back-to-back gains in GDP suggest that the economy rebounded firmly from the very weak first half of 2015…
