Home insurance rates are expected to continue to rise through 2024 and beyond due in part to what experts say is extreme weather in many regions of the country. Data released by Insurify, an online insurance comparison website, showed a household’s insurance rate surged nearly 20% between 2021 and 2023, with an additional 6% expected…
Breadcrumb Trail Links News Latest bankruptcy data shows consumers scrambling for relief Published Apr 04, 2024 • Last updated 18 hours ago • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Canadians are feeling the strain of higher borrowing costs. Photo by Getty Images…
Breadcrumb Trail Links FP Comment Non-prime borrowers pay higher interest rates because they are higher risks. Cap legal interest rates and many won’t get loans at all Published Feb 13, 2024 • Last updated 1 hour ago • 4 minute read Bank buildings in Toronto’s financial district. Photo by TIJANA MARTIN/THE CANADIAN PRESS FILES Article content…
Breadcrumb Trail Links Finance Banking Some Canadians will be pushed to payday lenders and higher interest costs or to loan sharks Published Feb 07, 2024 • Last updated 1 day ago • 4 minute read A payday loan business in Ottawa. Photo by Errol McGihon/Postmedia Article content Lesson one when regulating Canada’s financial system is ensuring…
Open this photo in gallery: Minister of Finance Chrystia Freeland rises during Question Period in the House of Commons on Parliament Hill on Nov. 28, 2023. Freeland’s 2023 budget announced plans to amend the Criminal Code to lower the criminal rate of interest to above 35-per-cent APR (annual percentage rate), down from a cap of…
The last trading day of 2023 closed out with a sigh, as Wall Street took a breathe after a muscular year-end rally pushed stocks close to record highs. The S&P 500 (^GSPC) ticked away from its all-time closing high of 4,796.56. The benchmark average decreased about 0.2% on Friday but managed to keep up a…
As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on certain types of mortgages. Rates of less than five per cent on specific types of fixed mortgages are on offer — the lowest Canadians looking to finance…
