A BRICS expansion, third-quarter bank earnings and Rogers’ 5G service on TTC: Must-read business and investing stories

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Plus, a financial guide for postsecondary students in 2023 and their parents

and Trisura Group Ltd. all reported positive earnings for the first half of 2023, experts predict that the insurers will increase the cost of insurance premiums in the “short to medium term.” The Canadian insurance industry has seen the number of natural-disaster claims more than quadruple since 2008 because of weather events such as hurricanes, floods, hailstorms and wildfires. Last year, such events accounted for $3.1-billion of insured losses – up from just $40-million in 2008.

– Iran, Saudi Arabia, Egypt, Ethiopia, Argentina and the United Arab Emirates – at the end of this week’s three-day BRICS summit in Johannesburg. According to Geoffrey York, the major expansion drive will strengthen the hand of China and Russia in their battle against the power of Western sanctions. It is the first expansion of the bloc since 2010, when South Africa was added to the original four members: Brazil, Russia, India and China.It’s tricky to be a postsecondary student in 2023.

 

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