How to protect yourself when a travel company cancels your trip

Travel insider: Standard or economy airfares: Do you know the difference? And how the selfie generation is altering travel experiences

How to protect yourself when a travel company cancels your tripIt happens all too often – travel companies suddenly announce bankruptcy or face financial hurdles, leaving thousands of paying customers stranded and out of pocket for hasty alternate arrangements. Never mind the disappointment of missing out on a trip of a lifetime – the money can be gone, too. The sudden shutdown of British travel…

How healthy is our health-care system?

A recent report compares care across eight developed countries, including Canada. The results are edifying

How healthy is our health-care system?The Manhattan Institute – an American free-market think-tank – recently published a comparison of health care across eight developed countries. Looking at Canada, the United Kingdom, Australia, France, Germany, the Netherlands, Switzerland and the United States, the analysis provides food for thought. Here are my takeaways. Role of government Governments in all eight countries are…

Do you need mortgage insurance?

It depends. As with all financial planning questions, no one answer fits every situation

Do you need mortgage insurance?“Did I need to take the insurance the bank sold me when I got my mortgage? Do I need mortgage insurance at all?” C.P. wrote and asked. I’m often asked this and the answer is usually the same: That depends. As with all financial planning questions, no one answer fits every situation. The simple answer in…

How to be an adult, one sound financial decision at a time

Many people take a long time to launch on adult life because they've never been taught to spend less than they make

How to be an adult, one sound financial decision at a time“The first responsibility of adulthood is paying your own bills,” according to Jamaica Finance Minister Peter Phillips. That country has worked hard to wean itself of dependency on the International Monetary Fund (IMF) and is in a position to stand on its own feet economically. Paying your bills is a definition of adulthood that applies…

More than half of Canadian mortgages are uninsured

In the first quarter of 2019, nearly two-thirds of residential mortgages in arrears over 90 days were uninsured: StatsCan

More than half of Canadian mortgages are uninsuredBy Troy Media A report released on Monday by Statistics Canada says more than half of outstanding residential mortgages in Canada are uninsured. The total number of outstanding residential mortgages from non-bank lenders at the end of the first quarter of 2019 was 1.7 million, at a total value of $324.9 billion. The average value…

A clear-eyed look at the first-time home buyers aid program

Robert McLister, managing editor of Rates.ca, talks about the pitfalls of the government program and why fewer Canadians are likely to take part than anticipated

A clear-eyed look at the first-time home buyers aid programRobert McLister is managing editor at Rates.ca. What is Rates.ca? McLister: Rates.ca compares insurance, mortgages and credit cards from dozens of companies across Canada. By juxtaposing numerous providers, it's easier for consumers to quickly compare terms and find the best prices. How does the new down payment assistance program for first-time homebuyers work? McLister: The…

Can your business withstand your unexpected death?

Establish a transition plan after talking to trusted advisers and considering options, and talk to family and key staff

Can your business withstand your unexpected death?Brian Tracy, the famous sales trainer, has a story he tells about the importance of great questions. Tracy was meeting with an insurance salesman who asked if he had enough life insurance. Since he didn’t want to deal with this man, Tracy assured him he did. As he was finishing the meeting, the salesman asked:…

Canadians neglect travel insurance: survey

Anne Marie Thomas of InsuranceHotline.com talks about the unnecessary risks Canadians take when they travel abroad and what they can do to minimize those risks

Canadians neglect travel insurance: surveyAnne Marie Thomas is an insurance expert with InsuranceHotline.com. You did a survey recently of medical emergency and insurance. What were the key findings? Thomas: The key findings are that while 72 per cent of Canadians had some form of travel or medical insurance for recent out-of-country travels, most leave their family under-insured, whether it…

Alberta EI beneficiaries continue to decline

In Canada, 441,310 people received regular benefits in May, up by 2,020 from the previous month but down 19,630 from a year ago

Alberta EI beneficiaries continue to declineThe number of people receiving regular Employment Insurance benefits continues to fall in Alberta. Statistics Canada reported on Thursday that there were 49,090 regular EI beneficiaries in the province in May, down 1,920 from April and a decrease of 4,120 from a year ago. “The decline was similar to the one observed in April. In…

Personalized employer health programs sought by workers: survey

Personalized employer health programs sought by workers: surveyAn RBC Insurance poll found that 80 per cent of Canadians say their overall well-being would improve if their employer were to offer a personalized wellness program customized to an individual's specific wellness and health-related interests and goals. The poll also found that 94 per cent are more likely to work for an employer who…