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By: Gary Parkinson on January 10, 2013

Ontario motorists are the target of a new fraud ring operating in the US.  The Ontario Motor Vehicle Industry Council (OMVIC) warns car buyers to avoid online cross-border sales after reports surfaced that phony dealerships are scamming unsuspecting Canadians.  The OMVIC also warns that provincial consumer protection laws only apply to cars purchased within Ontario, and legally there is little that can be done for online out of province scams.

By: Cliff Ritter on January 9, 2013

The main purpose of travel insurance is to ensure medical expenses are covered while outside of Canada – and it’s particularly important for seniors or snowbirds on vacation.  But insurance companies are voiding insurance policies by using loopholes that result from application confusion.  Two Canadian travelers are the latest victims of this practice, and now owe hundreds of thousands in outstanding medical fees.

By: Daniel Rattanamahattana on January 7, 2013

Canada has become well-acquainted with the investor-savvy reality show ‘Dragon’s Den’ over the last few years, largely due to the unapologetically pro-capitalist attitude of Kevin O’Leary.  Recognized by fellow Dragons as the ‘mean Dragon,’ O’Leary often speaks of his love of money and hatred for seeing it spent on products that yield no return on investment. 

By: Gary Parkinson on January 6, 2013

Canada’s housing market enters 2013 in a more balanced state, after years of rapid price increases in many of the country’s largest cities.  Experts suggest Canada is unlikely to face a housing crash like that seen in the US four years ago, but the market is expected to slow down significantly.

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By: Cliff Ritter on January 5, 2013

The Port Mann Bridge in BC faces its second public incident in two weeks – and this only a month after the bridge officially opened.  On the morning of January 3 icy conditions on the bridge resulted in several accidents, despite assurances from operators that the roads would be safe for drivers.  This follows an incident two weeks ago where ice fell from the coated cable lines suspending the bridge, and raises questions about how functional the bridge will be in Canada’s long winters.

By: Justin Leung on January 4, 2013

It was reported in last year’s federal budget that Canadians would be saying goodbye to the penny, which is scheduled to begin its retirement on February 4.  The move was welcomed by industry experts as well as regular Canadian citizens – most people prefer carrying less change, and the penny is more of a nuisance to carry around than any other coin.  However, the penny could receive some company in its retirement as the nickel faces similar criticisms.

By: Daniel Rattanamahattana on January 3, 2013

Canadians hoping for financial relief in 2013 might be disappointed, according to the Canadian Taxpayers Federation (CTF).  The government has imposed increases on employment insurance and CPP deductions as well as taxes and fees for services such as transit, hydro, and even grocery items.  Canadians have long been warned that the cost of living would eventually rise in the aftermath of the recession – it appears that time has finally arrived.

By: Gary Parkinson on January 2, 2013

Rogers is one of the largest telecom companies in Canada, and has a reputation for quality features but also spotty customer service.  Canadians living near the US border have repeatedly been faced with roaming charges on their bills as a result of interference with American network towers.  Industry experts say this is a recurring problem that Rogers and other Canadian telecom providers must address.