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Insurers cutting auto premiums amid pandemic as less driving leads to fewer claims

Insurers cutting auto premiums amid pandemic as less driving leads to fewer claims

A number of Canadian insurers are reducing or rebating auto insurance premiums to compensate customers who are driving less because they are working at home or are self-isolating as a result of the coronavirus pandemic.Aviva Canada said Wednesday it is offering $100 million in relief measures for drivers, including options to immediately reduce insurance premiums.…

Air Canada plans to use Ottawa’s emergency wage subsidy for 36,000 employees

Air Canada plans to use Ottawa’s emergency wage subsidy for 36,000 employees

Air Canada plans to use the federal government’s emergency wage subsidy to help its 36,000 Canadian-based employees, making the airline one of the largest employers to pursue Ottawa’s relief plan after its revenue crashed due to COVID-19 travel restrictions.Canada’s largest airline announced Wednesday that it intends to adopt the 75 per cent wage subsidy program…

Let Canadians access their RRSP wealth for an immediate, cheap source of financial assistance

Let Canadians access their RRSP wealth for an immediate, cheap source of financial assistance

By Alexandre Laurin and Nick PantaleoIn recent weeks, Ottawa has announced several financial assistance measures for those most affected by the COVID-19 crisis. They include increased flexibility for employment insurance benefits, generous wage subsidies for businesses, and an emergency response benefit of $500 per week for affected workers and caregivers. But these programs pose implementation…