Why do you need to buy car insurance? Perhaps the first thing that comes into your mind is that fact that you cannot drive a car without it. That’s true. You cannot go around town driving your car if it is not insured. This is …
Continue reading Lethbridge Car Insurance: It Is About Finding The Right One
The popularity of combination Toronto mortgages – which offer both fixed and floating rate segments – is on the rise, according to RBC’s 17th Annual Homeowners Survey. In fact, 40 per cent of Canadians who are likely to purchase a home within the next two …
Continue reading Fixed Or Float? Combination Mortgages Increasing In Popularity
Housing starts rebounded in the second half of 2009 and early 2010 and will stabilize over the next two years, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition.* Following a total of 149,081 units in 2009, housing starts …
Continue reading Housing Activity To Stabilize In 2010 And 2011
Retired Canadians over the age of 50 with assets of at least $100,000 are enjoying retirement, with more than half (56 per cent) saying their quality of life has improved, according to the first annual RBC Retirement Myths and Realities Poll. On the other hand, …
Continue reading Retired And Pre-Retired Canadians Have Some Regrets
Home Ownership remains within reach for most Canadians but is getting increasingly difficult for families with household income less than $50,000, finds CIBC World Markets Inc.’s new Home Ownership Affordability Index. Today, Canadians spend 15.6 per cent of their average gross personal income on mortgage …
Strong commodity demand, comparatively low government and corporate debt along with favourable demographics should see Canada’s economic prospects lead those of the G-7 nations for much of the next decade, finds a new report from CIBC World Markets Inc. The report notes that eurozone debt …
Continue reading Strong Fundamentals Should See Canada Lead G-7 Economies
Strong sales gains have driven the global auto industry back to profitability, according to the latest Global Auto Report released today by Scotia Economics. “The five largest auto manufacturers posted earnings of US$5.5 billion in the first quarter of 2010, a sharp turnaround from annual …
Continue reading Global Auto Industry Returns To Profitability
Canadian Economic Recovery in Full Force in Q1 – Canadian real GDP grew by a stunning 6.1% (annualized) in Q1/2010, slightly above the market consensus expectation of 5.8%. This is the strongest quarterly gain in over a decade. A robust monthly gain of 0.6% in …
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per …
Continue reading Bank Of Canada Increases Overnight Rate Target To 1/2 Percent
Over the last few weeks, thousands of Canadian high school students have been deciding on whether or not to accept university and college entrance offers. Given that total expenses for a four-year degree can run as high as $60,000 or more, some families may be …
Continue reading Canadian Parents Need To Do Their Homework On RESPs