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How Baker Tilly Toronto supports insurance providers in transition Oct 23rd
The insurance industry is constantly evolving, facing disruptions from technological advancements, intergenerational wealth transfers, market consolidation driven by private equity, and shifting regulations.
For professional advisors like Baker Tilly Toronto, staying current in this business land.... More »
Fire insurance claims: When to tell your home insurance provider + MORE Sep 12th
“You don’t have to file a home insurance claim if you have a house fire,” is not something you would expect to hear from insurance experts. But in the wake of the increasing fire-related fatality numbers from the Ontario Fire Marshal, we couldn’t help but ask.
First, the numbers. Between Jan.... More »
An ode to the Canada Savings Bond + MORE Mar 23rd
In the 1980s you could have put your money into a Canada Savings Bond (CSB) and reasonably expected to walk away with a tidy return a decade later. If you did the same with a CSB today you’d be lucky if your money keeps up with inflation.
It’s of little surprise then that the Federal .... More »
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 »
So You Got Caught: How a DUI Will Affect Your Auto Insurance Jun 16th
If you’ve been convicted of impaired driving in Canada or were caught driving with a blood alcohol level greater than .08, you are probably wondering what to expect from your auto insurance company. You likely have a Canada-wide restriction on driving and face a steep fine or jail time. You m.... More »
Sprint, King Digital, AIG, Tenet and Discovery Communications are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Sprint Corp., down 34 cents to $4.51
The wireless carrier’s fiscal second-quarter results fell short of expectations.
King Digital Entertainment PLC, up $2.31 to $17.85
The maker of Candy Crush and other mobile games is being bought by video game maker Activision Blizzard for $5.9 billion.
Archer Daniels Midland Co., down $3.13 to $43.15
The agribusiness giant’s third-quarter profit plunged as it grapples with a glut in the commodities market and a strong U.S. dollar.
American International Group Inc., down $2.78 to $60.96
The insurance company reported a third-quarter loss that fell short of expectations and said it will restructure its business.
Tenet Healthcare Corp., up $1.51 to $34.26
The hospital operator reported better-than-expected third-quarter earnings and revenue and gave an upbeat outlook.
Kellogg Co., down $2.52 to $68…
NYSE
Sprint Corp., down 34 cents to $4.51
The wireless carrier’s fiscal second-quarter results fell short of expectations.
King Digital Entertainment PLC, up $2.31 to $17.85
The maker of Candy Crush and other mobile games is being bought by video game maker Activision Blizzard for $5.9 billion.
Archer Daniels Midland Co., down $3.13 to $43.15
The agribusiness giant’s third-quarter profit plunged as it grapples with a glut in the commodities market and a strong U.S. dollar.
American International Group Inc., down $2.78 to $60.96
The insurance company reported a third-quarter loss that fell short of expectations and said it will restructure its business.
Tenet Healthcare Corp., up $1.51 to $34.26
The hospital operator reported better-than-expected third-quarter earnings and revenue and gave an upbeat outlook.
Kellogg Co., down $2.52 to $68…
One young driver’s $6,000 car insurance shock: Mayers
– thestar.com
Cameron Sottile is 19, with a clean driving record. He’s paying a penalty for being a young, male driver in Canada’s priciest car insurance market.The Pros and Cons of Robo-Advisors
– ratesupermarket.ca
By: Barry Choi
Financial technology, more commonly known as FinTech, has been all the rage as of late. It’s basically a line of business that uses technology to provide financial services. And, like any new technology, the public tends to be slow to adapt – but one of the more interesting businesses to come from FinTech are robo-advisors, which are starting to become mainstream.
What Is a Robo-Advisor?
The term robo-advisor may sound a bit intimidating, but it’s a pretty simple concept. Robo-advisors provide automated investment services: there’s no research for you to do and you can say goodbye to high mutual fund fees, deposit your funds and let the computers take care of everything.
With any new technology, there’s always going to be a certain amount of excitement and fear. Some people are afraid that they could lose their money, but you’re insured up to $1 million by the Canada Deposit Insurance Corporation in case of a bankruptcy. Robo-advisors also often have additional insurance so your entire investment will be covered…
We help customers get money back on soccer shoes and a bank promotion. But we can’t help reverse an insurance decision.
