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Many Canadians driving high: Statistics Canada

August 9, 2018 The Canadian Press

OTTAWA – A new Statistics Canada survey has found about 1.4 million Canadians reported they had been a passenger in a vehicle driven by someone who had consumed cannabis in the previous two hours. In addition, one in seven cannabis

News BrokersInsuranceMarkets / Coverages

How Canada’s tourist boom creates a big opportunity for brokers

June 25, 2018 by David Gambrill

Insurance brokers seeking to grow their travel line of business should ask their clients if they are expecting friends or family to visit Canada in the future and, if so, whether they would be interested in purchasing “visitors to Canada”

News Earnings / RatingsInsuranceMarkets / Coverages

Statistics Canada says real GDP contracted by 0.1% in August

October 31, 2017 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Canadian economy hit reverse in August, its first monthly pullback since October last year. “The amazing run of amazing Canadian economic data is officially over, with growth coming back to reality in a hurry,” Bank of Montreal

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

Canadian inflation perks up for first time since January, hits 1.2% in July

August 18, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Inflation picked up its pace last month for the first time since January as the annualized rate accelerated to 1.2 per cent, Statistics Canada said Friday. The latest inflation number increased from its June reading of one per

News InsuranceLegalMergers and Aqcuisitions

Most Canadians believe they are good drivers, but admit to at least one bad driving habit: belairdirect survey

August 14, 2017 by Canadian Underwriter

A majority of Canadians (95%) believe they are good drivers, but almost the same amount (93%) have admitted to engaging in at least one bad habit behind the wheel, according to a new belairdirect survey by Leger Research. The online

News InsuranceMarkets / Coverages

Economic growth blows past expectations in May, powered by energy industry

July 28, 2017 Craig Wong - THE CANADIAN PRESS

OTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product

News Earnings / RatingsInsuranceMarkets / Coverages

Weaker inflation slows to 1.3%, could weigh on Bank of Canada’s rate decision

June 23, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Steps by the Bank of Canada to prepare the country for an eventual interest rate hike are bumping up against an inflation rate that has eased up on the accelerator. Weaker year-over-year growth in gasoline prices last month

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Oral fluid drug screening devices can be “successfully used in Canada,” Public Safety Canada reports

June 7, 2017 by Canadian Underwriter

Results from the federal government’s oral fluid drug screening device pilot project suggest the devices can be “successfully used in Canada” to identify drivers who test positive for certain drugs in various conditions, Public Safety Canada (PSC) reported on Tuesday.

News Earnings / RatingsInsurance

CIBC economist tells insurers how investment returns could be affected by ‘things that go Trump in the night’

April 26, 2017 Greg Meckbach, Associate Editor

Interest rates in Canada are predicted to stay “very low by historic standards” through the end of 2019, an economist recently told insurance professionals, while a “movement against globalization” is a concern for one of Canada’s largest carriers. Avery Shenfeld,

News InsuranceMergers and Aqcuisitions

Rain, snow delay harvest in Saskatchewan, but agriculture minister optimistic

October 13, 2016 The Canadian Press

REGINA – Heavy rain and snow have delayed harvest in Saskatchewan, but Agriculture Minister Lyle Stewart is sounding optimistic that farmers will be able to get the crop off the field. Saskatchewan Agriculture says many areas reported at least 25

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Alberta fires torch economy, biggest monthly GDP decline in more than 7 years

July 31, 2016 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The Alberta wildfires torched the Canadian economy in May, driving the country into its worst one-month performance since the darkest days of the Great Recession. On Friday, Statistics Canada’s latest reading for real gross domestic product showed a