The first fall holiday long weekend has arrived – check out our top tips for Thanksgiving savings!
Are you set for savings this fall? Check out this week’s top tips for getting financially secure before the holiday spending season hits.
Do you have enough insurance? Most Canadians would like to think so – but in our recent social media poll, only 34.8% of respondents were confident with their coverage. Life insurance is like an airbag – you really hope you won’t ever have to use it other than to provide peace of mind to your loved ones. But unplanned disability or illness can derail even the best laid plans.
A proposed deal for insurance giant Manulife Financial to acquire competitor Standard Life in a $4-billion deal would help the insurer expand its core business, and grab a larger share of the Quebec market. But what would an acquisition mean for Standard Life insurance customers? Will they see their coverage change, and options decrease?
Did you know: Canadians identify their “main bank” as the one where they keep their chequing account. 91% of consumers have one at their primary lender, according to our recent study. But things get foggier when it comes to why they signed up with their bank in the first place – in a recent street poll, many stated they’d been with their banks since childhood. Seems like it’s high time we explored our options for greater value!
The amount of debt carried by Canadian households rose sharply last year, according to BMO’s Annual Debt Report. The uptick is partly due to an increase in mortgages, and some argue that rising property values will offset the risk. But what if the housing market cools?
Despite repeated warnings from the Bank of Canada, Canadians seem to be in no particular hurry when it comes to clearing away their mortgages, according to recent research from CIBC.
User-based auto insurance is a new technology that monitors your daily driving behaviour, and bases premiums off your habits behind the wheel rather than your demographic group. This can mean big savings for some drivers – but does it pose a privacy risk?
Housing prices in Canada have been rising sharply for several years now- and those who bought in softer market conditions may have seen a tidy return on their home purchase. But is it possible to time the market and cash out of your home investment? And is it worth the risk and additional moving costs?
A common mistake made by first time home buyers is underestimating the additional costs of owning a home compared to renting – which can be an additional 40 per cent higher than mortgage payments alone.