Thursday, November 28, 2013

Don't let your Christmas tree lead to tragedy this season

(NC)— It's the Christmas holiday season, our most treasured time of the year. It's a time of celebration, joy and sharing time with family and friends. Unfortunately, this important time can also be one marked by tragedy if precautions are not taken against accidental fire. According to the Canadian Safety Council, every year about 400 Canadians lose their lives in an accidental household fire. In fact, it's during the holiday season that the number of deaths caused by accidental household fires is at its highest.
Patrice De Luca, vice president of marketing and business development for Reliance Protectron

Security Services, says the major culprit for this significant increase is the famed Christmas tree. “You need to take every possible precaution to minimize the risks of fire, especially if you choose a natural tree,” he added. “Fire is one of the greatest threats to your family and home. People do not realize the emotional toll a fire can take, even if there is no loss of life.”
Here are safety tips to consider from Protectron's free “Saving Lives Program”:
• If possible, consider an artificial tree. They are much safer and cleaner.
• Leave the tree outside until you're ready to decorate.
• The tree stand should hold at least 1 gallon of water. It's crucial to check the water level every day.
• Detectors for smoke and carbon monoxide should be installed at strategic locations – your kitchen, stairwell, bedroom hallways and other high-traffic household areas. Monitored smoke detectors can save lives by having operators standing by 24-7 and dispatching emergency services if required (for example if fire occurs while sleeping).
• Keep the tree away from floor heaters, fireplaces, or other heat sources.
• Use only CSA-listed lights, and no more than three strands linked together.
• Use miniature lights–which have cool-burning bulbs.
• Turn off the Christmas lights when you sleep, or if you leave your home for very long.
• Examine light strings each year, discard worn ones.
• Fasten the bulbs securely and point the sockets down to avoid moisture build up.
• Avoid overloading wall outlets and extension cords.
• Have an operable fire extinguisher readily available.
• Practice an escape plan at least once a year. Make sure the whole family is involved.
• Finally, make sure to dispose of your tree properly at the end of the season.
Protectron's “Saving Lives Program” is offered free to families considering home security solutions. More information on the program or on fire safety and home security is available online at

Saturday, November 23, 2013

BoC chief Stephen Poloz says Canadian housing market not a bubble, predicts soft landing

OTTAWA — Canada’s housing market is not in a bubble and not likely to suffer a sudden and sharp correction in prices unless there is another major global shock to the economy, Bank of Canada governor Stephen Poloz said this week.

The central banker, testifying before the Senate banking committee on his latest economic outlook Wednesday, said he believes the most likely scenario is a soft landing where home prices stabilize, although he acknowledged that an imbalance in the market and high household debt remain key risks.
Poloz used the testimony to pointedly disagree with a couple of forecasting organizations that weighed in this week on the Canadian situation — the Fitch Rating service that judged Canada’s housing market as 21% overpriced, and an OECD recommendation that he start raising interest rates in a year’s time.

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Friday, November 22, 2013

Alternative mortgage lenders get boost from Canada’s resilient housing market

Shares of 3 of Canada's biggest alternative mortgage lenders look set to rise over the next year because of ongoing resiliency of the country's housing market.
“Alt-A lenders should continue to see enviable growth,” said Shubha Khan, an analyst at National Bank Financial. “We believe that near-term housing market risks have moderated, particularly in view of more dovish comments on interest rate policy from the Bank of Canada.”

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