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Statistics Canada
This new statistic could prompt brokers to ask clients about house mates
February 20, 2019 by Greg MeckbachThe percentage of adults 25 and older who live with parents has nearly doubled over the past generation, Statistics Canada reported last week. In 1995, 5% of Canadians aged 25 to 64 (about 900,000 people) shared a residence with one…
Data breach risk prompts new Ontario legislation
November 30, 2018 by Greg MeckbachRecent backlashes against Statistics Canada and Facebook have prompted Ontario lawmakers to make it harder to share consumer banking information. “Financial data is especially vulnerable to hacking,” Stephen Crawford, Ontario MPP for Oakville, said Thursday at Queen’s Park in Toronto.…
Many Canadians driving high: Statistics Canada
August 9, 2018 The Canadian PressOTTAWA – 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…
How Canada’s tourist boom creates a big opportunity for brokers
June 25, 2018 by David GambrillInsurance 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”…
Statistics Canada says real GDP contracted by 0.1% in August
October 31, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – 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…
Canadian inflation perks up for first time since January, hits 1.2% in July
August 18, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – 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…
Most Canadians believe they are good drivers, but admit to at least one bad driving habit: belairdirect survey
August 14, 2017 by Canadian UnderwriterA 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…
Economic growth blows past expectations in May, powered by energy industry
July 28, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – 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…
Weaker inflation slows to 1.3%, could weigh on Bank of Canada’s rate decision
June 23, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – 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…
Oral fluid drug screening devices can be “successfully used in Canada,” Public Safety Canada reports
June 7, 2017 by Canadian UnderwriterResults 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.…
CIBC economist tells insurers how investment returns could be affected by ‘things that go Trump in the night’
April 26, 2017 Greg Meckbach, Associate EditorInterest 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,…
Rain, snow delay harvest in Saskatchewan, but agriculture minister optimistic
October 13, 2016 The Canadian PressREGINA – 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…