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TFSA Investors: Where to Invest $6,000 This Year

TFSA Investors: Where to Invest $6,000 This Year
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After COVID revenue collapse, Canadian municipalities face insurance premium spike


After COVID revenue collapse, Canadian municipalities face insurance premium spike
Reuters
18 hrs ago
By Nichola Saminather
© Reuters/CHRIS HELGREN
FILE PHOTO: A row of houses under construction is seen at a subdivision near the town of Kleinburg
By Nichola Saminather
TORONTO (Reuters) - Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents.
The increase in premiums, about 20% to 30% in many cases, has been driven by a shrinking pool of insurers, more claims in an increasingly litigious climate and uncertainty around payout amounts. ....

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