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Latest News
How does a reverse mortgage work in Canada? Sep 1st
More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their.... More »
Choosing a Group Benefits Advisor Mar 28th
How Getting a Group Benefits Plan Works
A company that is looking for a benefits plan engages an advisor (e.g. a broker or agent) who then submits that company’s details to several insurance companies for a quote. (An experienced advisor will know which insurance companies are best suited for.... More »
Accident benefits have you covered—but for what, exactly? + MORE Apr 17th
Accident benefits might be the last thing on your mind when you’re buckling up in a new ride and tuning into your ultimate road-trip playlist, but they’re important to know. Accident benefits coverage is mandatory across Canada, except in Newfoundland and Labrador. Without it, you would be.... More »
New mortgage rules take effect today Oct 18th
TORONTO – New federal rules that will cut into the purchasing power of some first-time homebuyers take effect today.
The rules involve a stress test for all insured mortgage applications to ensure the borrower can still service their loan in the event interest rates rise or their personal financia.... 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 »
5 Brexit strategies Canadian investors should know
– moneysense.ca
This article was originally published on Canadian Business
Ahead of Britain’s historic vote over whether to leave the European Union on Thursday, June 23, there has been plenty of speculation about the potential fallout for the global economy, and Canadian investors are no exception. While the five financial experts we spoke with all agreed that on the eve of the referendum, the chances of a “Brexit” seem fairly narrow, they each had their own takes on what a “leave” vote could mean for Canadians, and what investors should keep in mind going into Thursday. Here are some investing tactics to consider as the vote looms:
What Brexit could mean for your portfolio »
Ahead of Britain’s historic vote over whether to leave the European Union on Thursday, June 23, there has been plenty of speculation about the potential fallout for the global economy, and Canadian investors are no exception. While the five financial experts we spoke with all agreed that on the eve of the referendum, the chances of a “Brexit” seem fairly narrow, they each had their own takes on what a “leave” vote could mean for Canadians, and what investors should keep in mind going into Thursday. Here are some investing tactics to consider as the vote looms:
What Brexit could mean for your portfolio »
Purchase protective puts
“One thing that investors could do in the lead up to the vote is to purchase protective puts [a risk-management strategy that limits downside risk]. In a situation like this, where investors may be concerned about the potential fallout, protective puts are something that we encourage investors to think of as a sort of insurance…
