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Hosting a Student: How to make it a Rewarding and Safe Experience + MORE Jul 21st
Whether it’s for a few weeks during the summer or a couple of semesters, hosting a student can be a once-in-a-lifetime experience. When you invite a exchange student to stay with you, you become an ambassador for our country and open the door to a whole new world view for everyone involved.
There.... More »
“Do I need to tell my insurance company about a house fire or flood that I fix myself?” Sep 28th
You had a fire or flood in your home. Now you’re thinking about trying to fix the damage without telling your insurance company so that your rates don’t go up.
In my experience, most homeowners have this moment after a loss event. It’s fine to think about it—but I would say, don’t think to.... More »
How to save on home insurance + MORE Jul 10th
Affordable home insurance: Does it even exist? While home insurance is not mandatory by law, like auto insurance is, most mortgage lenders require it—and for good reason. Home insurance protects your home and personal possessions from damage or loss. Your home is collateral for your mortgage loa.... More »
Ottawa says federal deficit for 2016 17 fiscal year was $17.8 billion + MORE Sep 20th
OTTAWA _ The federal Finance Department says the government ran a smaller deficit than it was expecting in the spring budget, ending its 2016-17 fiscal year with a deficit of $17.8 billion.
That compared with a $23-billion deficit that was forecast in the spring budget.
The smaller-than-expected def.... More »
Scotia Momentum® VISA Infinite* Review May 15th
Attention MoneyWise readers! Sign up for the Scotia Momentum® VISA Infinite* card and, for a limited time, get $75 IN CASH via Interac e-Transfer or a gift card from RateSupermarket.ca upon approval!
Are you looking for a well-rounded, high-earning cash back credit card with travel perks and no a.... More »
FDA approves innovative Merck drug for new use against advanced lung cancer
– canadianbusiness.com
WASHINGTON – Federal health officials on Friday expanded approval of an innovative Merck drug to treat patients with an advanced form of the most common lung cancer.
The Food and Drug Administration approved Keytruda for advanced non-small cell lung cancer patients who have seen their tumors spread after taking other therapies. The disease accounts for roughly seven out of eight cases of lung cancer in the U.S. Regulators previously approved Keytruda in 2014 to treat melanoma, the deadliest form of skin cancer.
Keytruda is part of a promising new class of drugs called immunotherapies, which harness the body’s immune system to help fight cancer. Merck’s injectable biotech drug works by blocking a protein found in certain tumors called PD-1, which inhibits the body’s natural response to cancer cells.
Like many new cancer drugs, Keytruda is expensive at $12,500 per month, or $150,000 for a year’s supply. A spokeswoman for Merck notes that patients’ actual out-of-pocket expenses for the drug vary depending on their insurance coverage…
The Food and Drug Administration approved Keytruda for advanced non-small cell lung cancer patients who have seen their tumors spread after taking other therapies. The disease accounts for roughly seven out of eight cases of lung cancer in the U.S. Regulators previously approved Keytruda in 2014 to treat melanoma, the deadliest form of skin cancer.
Keytruda is part of a promising new class of drugs called immunotherapies, which harness the body’s immune system to help fight cancer. Merck’s injectable biotech drug works by blocking a protein found in certain tumors called PD-1, which inhibits the body’s natural response to cancer cells.
Like many new cancer drugs, Keytruda is expensive at $12,500 per month, or $150,000 for a year’s supply. A spokeswoman for Merck notes that patients’ actual out-of-pocket expenses for the drug vary depending on their insurance coverage…
What’s the sweet spot for a down payment on a house?
– moneysense.ca
Q: We’re buying a home valued at $275,000 and 100% of our down payment is coming from our RRSPs. We do not have enough to come up with a 20% down payment so now we’re trying to decide: (a) is it better to put down only 5% and pay more on mortgage insurance premiums, but have more cash in hand; or (b) put down 15% on the home, pay less in insurance premiums but have less cash in hand. —Glen Slim, Ottawa
A: Owing a home is a good idea for many, but despite your best laid plans, you could be faced with unexpected expenses. If you can’t quite hit the 20% threshold to avoid mortgage loan insurance, I think you’re right to hold some money back. Joe Jacobs is a broker with Mortgage Connections and based on his calculations you should consider a third option, let’s call it option (c). “The sweet spot is likely 10% down,” he says, because of how the premiums are calculated. For the house you’re buying, the insurance premium with 5% down would be 3.6% of the total or $9,400. With 10% down you’d pay 2…
A: Owing a home is a good idea for many, but despite your best laid plans, you could be faced with unexpected expenses. If you can’t quite hit the 20% threshold to avoid mortgage loan insurance, I think you’re right to hold some money back. Joe Jacobs is a broker with Mortgage Connections and based on his calculations you should consider a third option, let’s call it option (c). “The sweet spot is likely 10% down,” he says, because of how the premiums are calculated. For the house you’re buying, the insurance premium with 5% down would be 3.6% of the total or $9,400. With 10% down you’d pay 2…
The best cars for newly licensed teens
– moneysense.ca
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Newly minted teen drivers can scare other drivers and their parents. And while finding the right insurance is essential, so is finding the right vehicle.
So the Insurance Institute for Highway Safety put together a list of the safest cars for teen drivers that are still affordable for the Bank of Mom and Dad (or the Bank of Summer Jobs).
Teens should skip sleek two-seaters for the protection of bigger and heavier vehicles, says Anne McCartt, the Institute’s vice president for research.
They should also avoid high horsepower and opt for cars with electronic stability control, which helps drivers navigate curves and slippery roads.
This article originally appeared on Canadian Insurance Top Broker.
The post The best cars for newly licensed teens appeared first on MoneySense.
