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By Craig Wong The Canadian Press

Sweating a possible rate hike? Lock in your mortgage now, experts say

OTTAWA — Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates in now, mortgage experts say.

James Laird, co-founder of interest rate-comparison website RateHub, says in order to stick with the variable option you need to be able to handle fluctuating rates.

If you renovated your house, you need to update your home insurance

OTTAWA — Homeowners need to regularly check and update their home insurance policies or risk having insufficient coverage when disaster strikes, insurance experts say.

The need to review and update a policy is especially important for those who have done renovations because changes to the property could render the policy void if the insurer hasn’t been informed.

Lack of confidence keeping women from investing; instead they hold onto cash

OTTAWA A new report by investment firm BlackRock suggests most women lack confidence when it comes to making decisions on investing.

“We are seeing more and more women categorize themselves as savers versus investors and they’re sitting on the sidelines in cash,” says Karrie Van Belle, managing director at BlackRock Canada.

Riding market volatility ahead of RRSP deadline

OTTAWA As Canadians review their year-end investment statements and prepare to meet with their financial advisers ahead of the RRSP deadline, stock markets are taking a rocky ride.

Amid the market turmoil, portfolio manager Adrian Mastracci of KCM Wealth says it is back to basics this year. That means having a strong financial plan that lays out clear goals and how they will be met.