Considering tenant insurance? Here's what you need to know first
BNN Bloomberg
Water damage, a kitchen fire or a visitor’s slip and fall in your apartment can all lead to significant financial headaches if you’re found liable.
Tenant insurance, also known as renter’s insurance, is designed to help reduce those costs. The price tag attached to a policy is typically $20 to $50 a month, which covers you if such an event occurs.
While some landlords may require tenant insurance before handing over the keys to a rental unit, it’s not required in Canada so it’s up to tenants to weigh the pros and cons themselves.
That said, most experts agree that getting caught in a sticky situation without tenant insurance is not something renters should risk.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
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Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
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Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
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