How to go about securing the best policy for your insurance in Canada.
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Money and the price of indecision Jul 23rd
When we moved to Canada and bought our first car, insurance was simply another item on a very long checklist. I knew nothing about the Canadian insurance market, so I did what many newcomers do: lean on someone trustworthy. My father-in-law recommended the brokerage firm he had been using for years,.... More »
Best cash-alternative ETFs for Canadian investors 2026 Apr 30th
If the only investment account you have is a registered retirement savings plan (RRSP), you probably don’t need to concern yourself with cash or cash-equivalent holdings. But let’s say you’re in the market for your first home and you’re saving up a down payment. You can’t afford to lose mo.... More »
Commission warns N.B. residents against using Toronto insurance-related company - CBC Mar 21st
Commission warns N.B. residents against using Toronto insurance-related company CBC.... More »
New study shows life insurance coverage is up, but confidence is down + MORE Sep 6th
September marks Life Insurance Awareness Month, so it’s fitting to dive into PolicyMe’s second annual life insurance report. The 2026 Life Insurance Gap Report, produced in partnership with Angus Reid, looked at the responses of over 1,500 adults asked about life insurance coverage and barriers .... More »
Warning to caregivers: Expect a scavenger hunt + MORE Feb 25th
This story is part 3 in a series on financial caregiving for seniors. Read others in this series:
3 signs you need to take control of your parents’ finances
Caring for a parent? Get a power of attorney
Before my father was diagnosed with dementia, I had a 30,000-foot awareness of my f.... More »
Canada’s home insurance safety net is starting to fray at the edges as the costs of extreme weather continue to rise. While competition is still healthy, and the country has so far avoided the coverage deserts growing in the United States, insurers are paring back policies in a variety of ways to adapt.
Raising premiums above the rate of inflation—sometimes steeply above—has been a common response, but experts say insurers are also increasingly excluding coverage of some risks, raising deductibles, and reducing their exposure to higher risk areas.
As Morningstar DBRS said in a November report: “The Canadian market is showing early signs of coverage tightening.”
Insurers trim exposure in severe weather zones
While insurers haven’t withdrawn from areas entirely, some have thinned their exposure.
“We’ve rebalanced in some of the higher severe weather regions,” said TD chief executive Raymond Chun during the bank’s most recent earnings call…
