Can someone help me understand the car rental laws in Ontario and the rest of Canada?
Sep 21, 2008 by canadianrobert | Posted in Insurance & Registration
I have the optional coverage added to my Bank of Montreal MasterCard for car rentals. Full details can be found here.
http://www3.bmo.com/mosaik_images/silver _travelprotection_en.pdf
It says I must decline the Collision Damage Waiver or Loss Damage Waiver from the Car Rental company. When I ask the car rental agencies for a breakdown
I checked with Avis Car Rental (as an example) and the following information was listed on their website:
"Avis provides liability coverage for its vehicles as required by applicable law. In most instances, this will include basic public liability coverage for the renter or authorized driver up to the minimum financial responsibility
bestcarrentaltips | Sep 22, 2008
5 Reasons Inflation Will Keep Rising
Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Douglas Porter, deputy chief economist at BMO Capital Markets, wrote a report on why inflation will keep rising. He says that in recent announcements, both the Bank of Canada and the Federal Reserve sounded in absolute zero rush to begin tightening policy, with both viewing the recent rise in headline inflation as transitory, "Yet, there is a clear danger that policy-makers risk suddenly falling behind the inflation curve." But we all know how much the prices we pay have rise, in spite of this argument for "core inflation". Mr. Porter says that this argument holds that inflationary pressures are limited to food and energy prices. However, the recent upswing in headline inflation - or real inflation, which include the things we both need and buy, consumer goods, is not limited to the most volatile items. Core inflation strips out energy and food prices (as if we did not need these) is also on the rise. Bernanke just said so... Mr. Porter says that this is the central bankers' strongest argument. But he is quick to point out that the Phillips Curve, which shows that the lower the unemployment rate the higher the rate of inflation, is alive and well, and that the recent dip in the jobless rate in Canada and the U.S. suggests the low point for wages has passed.
