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This Weekend's GTHA Storms Are a Preview of Your Next Insurance Bill

  Monday August 3, 2026 A tornado warning near Niagara, up to 50 mm of rain across the GTHA, and flood watches from Peel to Durham. It's a rough long weekend — and a live example of why your home insurance renewal keeps climbing. What Happened This Weekend Environment Canada issued a special weather statement for most of the GTHA on Sunday, warning of localized rainfall exceeding 50 mm. A tornado warning was briefly issued for the St. Catharines–Niagara Falls area before being lifted. Toronto and Region Conservation Authority and Credit Valley Conservation both issued flood outlook statements, warning that rivers and creeks could rise well above normal levels with a "higher potential for flooding." If this feels familiar, it's because it is. Canada's 2026 severe weather season started earlier and harder than usual — and insurers have already been telling shareholders about it for months. The storm soaking your basement window well this weekend is the same category...

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Freeland and Carney Poised to Enter Liberal Leadership Race

In a significant political development, former finance minister Chrystia Freeland and ex-central banker Mark Carney are expected to enter the race for the Liberal Party leadership. This follows Prime Minister Justin Trudeau's announcement that he will step down once a successor is chosen.

Freeland, who has been a prominent figure in Trudeau's cabinet, is currently leading in public opinion polls. Carney, known for his tenure as the Governor of the Bank of Canada, is also a strong contender. The leadership vote is set for March 9, ahead of the 2025 national elections.

The Liberal Party faces significant challenges, including economic issues and declining support. The new leader will need to address these concerns and devise a strategy to counter the opposition Conservatives.


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