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Are your deposits at Canadian financial institutions safe? Mar 21st
Ask MoneySense
We live in Ontario, and in light of the current banking problems in the U.S., we are a bit concerned about our investments.
They are held at three different banks at the moment and are largely in GICs and high-interest savings accounts.
We are aware that up to $100,000 is insure.... More »
Dating dilemma: When to talk about finances Mar 16th
When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
What to know about credit card travel insurance as an Air Canada strike looms Aug 16th
After carefully planning a summer vacation, the last thing on your mind should be finding alternate transportation. But some travellers could be left scrambling as the clock ticks down to a possible work stoppage at Air Canada. The airline says it will gradually suspend its flights starting Thursday.... More »
Financial planning in your 70s + MORE Oct 7th
When most people think about financial planning, they think about saving and investing for retirement. That is certainly a part of it, but financial planning is much more holistic.
Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmar.... More »
Want life insurance? You may want to track your fitness, says John Hancock Sep 20th
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that include optional fitness tracking through tools including wearable devices and smartphones, the company said on .... More »
ObamaCare's Oligopoly Wave
– online.wsj.com
Bigger insurance, bigger medicine, and a health consolidation frenzy.Canada’s Housing Market is Biggest Economic Risk: Bank of Canada
– ratesupermarket.ca
The dropping price of oil has topped business headlines since January, but it’s not the biggest threat to Canadian coffers – that honour goes to consumers’ household debt levels, and the too-hot-to-handle housing market.
The Bank of Canada has revealed in its semi-annual Financial Systems Review (FSR) that its biggest concern is a potential housing crash. This contrasts with their stance early in the year, when the commodity’s dropping value – over 40 per cent since last summer – caused the central bank to cut interest rates as a form of economic “insurance”.
Though the reverberations of that dramatic drop are still being felt amid job losses in parts of the country, oil has since slightly recovered, and our housing market takes the spotlight once again. Here’s what to make of the BoC’s latest statement.
Also read: Canadian Economic Forecasts Cut as Oil Drops>
The Impact of Oil Has Been Regional
The BoC states in the FSR that, “given that the oil-price shock is predominantly supply-driven, the negative impact of low oil prices on aggregate income, while large, will be concentrated in the oil-producing regions…
