All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
Which Cities Have Cheap Auto Insurance? + MORE Jul 26th
Are you looking for cheap auto insurance in Ontario? Ontario has some of the highest insurance rates in Canada. The average insurance premium in Ontario is estimated at $1,473. According to the Kanetix.ca Insuramap tool, in Brampton, drivers pay about $2,494 and in Toronto it’s $1,948. Thes.... More »
What does a fee-only financial planner do, exactly? Sep 16th
Q. How do you make money, Jason, if you don’t sell any products?
–Rob
A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.
Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an import.... More »
Ontario Car Insurance Rates Drop Slightly + MORE Jan 22nd
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 dropped by 0.14 per cent on average.
Ca.... More »
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 »
How to fund accessible home renovations in Canada Jul 7th
My house, as I told my insurance broker recently, is the Canadian housing equivalent of ancient. Built in the 1910s in Saskatoon, this house has many foibles. To hang pictures, I have to use wood screws lest regular nails bounce off of the layers and layers of paint. My basement is a little more tha.... 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…
