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...

Holding Off From Selling Off After Sub Prime Scares

This is the story of Ernest and Serenity J. Ernest is a project manager at Dubblebubble Space Corporation. His wife is a teacher. They have 2 children, Cordelia 14 and Brent 11. Since the family came back from vacation in Halifax, Ernest has been working a few late...

Encana Trying to Screw Albertans Through Royalties

EnCana has conducted their own biased evaluation of recommendations contained in the Alberta Royalty Review Panel Report. Of course, EnCana is worried about their investors and without surprise noted how negatively the proposed changes will have on EnCana’s...

Canadian Dollars hit Par with USD

First time in 30 Years Importers are thrilled, exporters are finding new ways to adjust. Tourists are reaping the benefits, domestic consumers still can’t catch a break. The new economy is hot, perhaps to hot in Canada, as for the first time since the 70’s...