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Canadian banks hacked and the insurance claim you can't make: CBC's Marketplace consumer cheat sheet Jun 4th
CBC's Marketplace rounds up the consumer and health news you need from the week, including customer data hacked at two Canadian banks, taking car insurance companies to court and the provinces with the best cellphone plans..... More »
Peer-to-peer car rental company Turo launches in Alberta, Ontario and Quebec + MORE Apr 20th
A company that has taken the Airbnb model and adapted it to car rentals launched Tuesday in three provinces, its first foray outside the U.S., though it wrestles with the same insurance headaches that other startups in the so-called sharing economy have faced..... More »
You bought a home—should life insurance be next? May 8th
Buying a home is one of the biggest financial milestones for young Canadians, and one of the riskiest. For many households, a mortgage becomes the single largest expense they’ll ever take on, often requiring two incomes to keep it manageable.
That reality is driving more homeowners to buy life .... More »
A guide to mortgage calculators Jan 23rd
Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance.
To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price y.... More »
These are the most expensive postal codes for auto insurance in the city. Here’s how you can save if you live in one + MORE Mar 16th
The City of Toronto came in as the seventh most expensive city in the province for auto insurance, with the most expensive postal codes — M3N and M9M — in Humber River-Black Creek..... More »
CBO: Growing economy to help budget deficit shrink to lowest level since Obama took office
– canadianbusiness.com
WASHINGTON – Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.
The Congressional Budget Office says the deficit will be $468 billion for the budget year that ends in September. That’s slightly less than last year’s $483 billion deficit.
As a share of the economy, CBO says this year’s deficit will be slightly below the historical average of the past 50 years.
The budget agency also says the number of U.S. residents without health insurance will drop substantially — from 42 million last year to 36 million this year — largely because of Obama’s health law. These numbers don’t include people who are in the U.S. illegally, who are ineligible for subsidies under the health law.
In a report released Monday, CBO projects solid economic growth for the next few years. The official scorekeeper of Congress also expects unemployment to drop slightly…
The Congressional Budget Office says the deficit will be $468 billion for the budget year that ends in September. That’s slightly less than last year’s $483 billion deficit.
As a share of the economy, CBO says this year’s deficit will be slightly below the historical average of the past 50 years.
The budget agency also says the number of U.S. residents without health insurance will drop substantially — from 42 million last year to 36 million this year — largely because of Obama’s health law. These numbers don’t include people who are in the U.S. illegally, who are ineligible for subsidies under the health law.
In a report released Monday, CBO projects solid economic growth for the next few years. The official scorekeeper of Congress also expects unemployment to drop slightly…
Medical expenses that aren’t covered
– moneysense.ca
Since 1998, the amount we pay for out-of-pocket medical expenses has increased by 46%. But many of us still overestimate the number of health-care products and services that are covered by health insurance, according to a recent Sun Life survey. Below are the top services that we have to contribute towards, ranked by the percentage of Canadians who think they’re free.
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5 triple play stocks to consider
– moneysense.ca
(Tim Pelling/Getty Images)Investors can win with dividend stocks and they do even better with value. But triple plays are possible when the two are combined and momentum is added into the mix.
My search for triple play stocks started this week with Canadian dividend payers. Not only do dividend stocks provide income, but they also tend to outperform over the long term.’
While dividends are nice, I’m always on the lookout for a good deal. That’s why I opted for stocks with a combination of low price-to-earnings (P/E) and low price-to-book-value (P/B) ratios.
Last, but not least, in an effort to avoid leveraged oil firms plumbing new lows, I stuck to stocks trading near their 52-week highs.
The five firms that pass my triple play test are presented below, in order of decreasing market capitalization (or size).
Toronto-based Fairfax (FFH) leads the list with a market capitalization of $13.6 billion. The insurance conglomerate also happens to be the most expensive of the bunch with a P/B of 1…
