Finance news

Auto theft rates might be on the decline in Canada, but high claims costs and the tariff dispute mean insurance rates have yet to drop.While drivers of some of the most stolen cars often face the heftiest insurance bills, experts say there are a few things they can do to tamp down on their premiums.Here’s some of their advice.How do you find out if you have a high-theft vehicle?Debbie Arnold, a business development manager of personal lines at Sound Insurance Services Inc., urges drivers to ca

Wealthsimple has changed the insurance on its Visa Infinite Privilege card, and not everything is an upgrade.The new terms took effect Nov. 2, 2026, according to a notice of changes to the card’s certificate of insurance and notifications sent to cardholders.Existing cardholders who have a loss between Nov. 2 and Dec. 10, 2026 will have their claim judged under whichever wording, old or new, is better for them.On the plus side, emergency medical coverage now applies to the first 21 days of a

The Retail Council of Canada recently announced its holiday spending forecast, and there’s a mix of good and bad news. The good news is that Canadians are planning to spend an average of $911 on the holidays compared to the $975 average they spent last year. They’re also more focused on finding deals or giving meaningful gifts rather than prioritizing expensive presents.The bad news? Total consumer debt in Canada reached $2.7 trillion in the second quarter of 2026. That quarter also saw the