World Oil Pirces on the Bubble?

Will Prices Collapse A couple of topics are being discussed over in the Oil & Energy forum. The first is why hasn’t the high oil prices curtailed consumer demand for oil in relatively poor nations like China and India. The other question is do you think the...

Head to the States to buy your home

Check out what we posted in October 2006. Nothing has changed other than lower interest rates in the US and more houses up for sale so grab them while you can. Only caveat? You need a job to pay the mortgage, and you need a mortgage 😛 Hey Canada, looking to buy AND...

Canadians Get Tax-Free Savings Account (TFSA) in 2008 Budget

The new Tax-Free Savings Account (TFSA), revealed in the Conservative 2008 Budget starts in 2009 and gives Canadians aged 18 and older tax free contribution room of up to $5,000 annually (from their taxable income). The investment income, including capital gains,...

Canadian Housing Market to Cool – Alberta Included

Alberta’s housing market is about to slowdown which should improve affordability in 2008, according to a new housing report issued by RBC Economics. Since November, selling a house in Calgary has been difficult with a the slow buying period and overall lower...

Canadian January Monetary Policy Report

The Bank of Canada released its January 2008 Monetary Policy Report Update. Highlights include expectations that the Canadian economy will continues to operate above its production capacity, despite some slowing in growth in the fourth quarter of 2007. Both total and...

US Property insurers pay third highest in a decade

U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes’ the third highest in a decade and the forth highest frequency for the same period, according to preliminary analysis by...

Top Ten US 2007 Insurance News Stories

As selected by Insurance Journal 1. Climate Change In February, the Intergovernmental Panel on Climate Change issued the first of three reports. It confirmed: 1) the temperature in the atmosphere and the oceans has grown warmer and can be expected to continue to do...

US Won’t Block Climate talks in Bali

Turns out somebody in the US wants to talk climate change. US delegates to a UN climate conference suggested they will not be a roadblock to a new international agreement aimed at reducing potentially catastrophic greenhouse gases, but refuse to endorse mandatory...

Sub Prime Scare Made Your House Worthless? Burn it Down!

Falling on hard times? Turns out the way to get out of your massive house payments you agreed to cause you don’t know how to deal with money and live beyond you means is to burn your house down! Insurance fraud investigators are actually preparing for more...

GM Dumps Pants and Cuts 1200 Jobs in Canada

When you make crappy cars and you primarily rely on a weak Canadian dollar to compete with your world rivals you’re bound to hit some snags along the way. Case in point GM, they just can’t make ends meet so what happened? General Motors of Canada will cut...