Promise to cut car insurance rates by 15 per cent a 'stretch': Wynne

TORONTO -- Premier Kathleen Wynne says her government's target to cut auto insurance rates by 15 per cent by last year was a "stretch goal.

See Full Article

"

The Liberals promised to reduce car insurance premiums an average of 15 per cent by August 2015 as part of a deal to get NDP support for the 2013 budget when they were still a minority government.

But August came and went with the government's target not even halfway met.

The latest numbers from the Financial Services Commission of Ontario, for the fourth quarter of 2015, show that approved rates decreased on average by 0.15 per cent, putting the decrease at an average of roughly seven per cent from 2013.

"We always knew it was a stretch goal," Wynne said Monday.

"We always knew it was going to be a challenge and the good news is that insurance rates continue to come down."

NDP critic Jagmeet Singh said the target has never before been held out as anything other than achievable.

"This is the first time in over 2 1/2 years we've ever heard the term stretch goal," he said.

"It's something that the government clearly stated was possible and made the promise knowingly when we asked for the commitment in 2013."

Progressive Conservative critic Tim Hudak said the "stretch goal" is a brand new category of politician promises.

"It was to buy the NDP support to extend the government for another year," he said. "At least there would be some honesty in that answer."

The government has since introduced legislation that it says will lower costs for insurance companies and will lead to reduced rates for drivers.

Wynne said there are "many" companies whose rates have come down by 15 per cent since 2013, but quarterly figures appear to show it is no more than a handful, at most.

The government will keep 15 per cent as a target, Wynne said, though she would not put a new date on that pledge.



Advertisements

Latest Canada & World News

  • Armenia crisis grows as president blocks bid to fire army chief

    World News CTV News
    YEREVAN, ARMENIA -- Armenian President Armen Sarkisian said Saturday he had refused to sign a prime ministerial order to dismiss the army's chief of staff, deepening an entrenched national political crisis. The move came as several thousand opposition protesters took to the streets of Armenia's capital Yerevan for the third day running to call for the resignation of Prime Minister Nikol Pashinyan. Source
  • Police crack down on protesters in the streets of Myanmar after military takeover

    World News CBC News
    Police in Myanmar launched their most sweeping crackdown in three weeks of protests against military rule on Saturday in towns and cities across the country, with media reports of a woman shot dead and dozens of people detained. Source
  • Trump, idolized in golden statue, dominant force at conservative conference

    World News CTV News
    WASHINGTON -- A conference dedicated to the future of the conservative movement turned into an ode to former U.S. President Donald Trump as speakers declared their fealty to the former president and attendees posed for selfies with a golden statue of his likeness. Source
  • Pandemic leaves tribes without U.S. recognition at higher risk

    World News CTV News
    Rachel Lynne Cushman is used to getting calls from Chinook Nation members worried about losing housing or having their power shut off. Since COVID-19 hit, they come in daily. Cushman is secretary-treasurer for the group of tribes whose rural, ancestral lands are based in one of Washington state's poorest counties. Source
  • Man killed by his own rooster during illegal cockfight in India

    World News CTV News
    NEW DELHI, INDIA -- A rooster fitted with a knife for an illegal cockfight in southern India has killed its owner, sparking a manhunt for the organisers of the event, police said Saturday. The bird had a knife attached to its leg ready to take on an opponent when it inflicted serious injuries to the man's groin as it tried to escape, officers said. Source
  • Quebec marks one-year anniversary of first case by reporting 858 new COVID-19 infections

    Canada News CTV News
    MONTREAL -- One year after the first COVID-19 case was reported in Quebec on Feb. 27, 2020, the province has now reported 287,003 total cases after it added 858 in the past 24 hours on Saturday. Source
  • Texas jail inmates hungry, shivering during unusual freeze

    World News CTV News
    AUSTIN, TEXAS -- When an unusually heavy winter storm blanketed much of Texas with snow, knocking out electricity to millions of homes and leaving many struggling to find clean water, one sector of the population was particularly vulnerable: inmates at the state's largest county jail. Source
  • Trump supporters who breached U.S. Capitol: 'It was not Antifa'

    World News CTV News
    Nearly a dozen Trump supporters charged in connection with the U.S. Capitol insurrection have said that Antifa and other left-wing groups weren't involved in the attack, debunking a false-flag conspiracy theory that is gaining popularity in the pro-Trump orbit. Source
  • 'We need this:' Getting COVID-19 vaccine to remote and urban Indigenous populations

    Canada News CTV News
    Chief Chris Moonias looked into a web camera as he prepared to get a COVID-19 vaccine just after precious doses arrived in his northern Ontario community. "I'm coming to you live from Neskantaga First Nation community centre where our vaccines will be administered," a jovial Moonias, wearing a blue disposable mask, said during a Facebook live video at the start of February. Source
  • Ontario reports more than 1,100 new COVID-19 cases, 16 additional deaths

    Canada News CTV News
    TORONTO -- More than 1,100 new cases of COVID-19 were reported in Ontario Saturday. The 1,185 infections mark a slight decrease from Friday’s total when 1,258 cases were logged. Before the release of Saturday’s report, new COVID-19 cases in the province had been increasing daily over the past four days. Source