Canadian Personal Finance Blog

Yes, my brain has been fried by a week of figuring out my life and a complete lack of useful sleep, so here you have Free Association Friday!

On the Good News side of the street the Collective Governments in Canada are getting further out of debt, according to our amigos over at Stats Canada. In fact:

The consolidated net financial debt of the federal, provincial, territorial general and local governments, defined as the excess of liabilities over financial assets, decreased to $791.2 billion as of March 31, 2005, down $2.1 billion or 0.3% from March 31, 2004.

This is a good thing for the Canadian Economy. I am not sure when the concept of “fiscal responsibility”, OK maybe not that exactly more like, “less fiscal irresponsibility” hit the collective governments in Canada, but I am glad to see it. The sooner these guys get themselves out of the whole dug in the 70’s and 80’s the better our country as a whole will be!

Have I mentioned the financial impact of drinking too much and smoking lately? Allow Brother Peter Sellers to expound on this problem, Sing it Brother!:

Who let that bum in here?

Finally, I applaud the University Graduating class of 2000, who are paying off their student loans, good for you!

Two out of five graduates from the class of 2000 who had left school owing money to government student loans had completely repaid their debt five years after graduation.

Even better was that 56% of the grads, graduated with No Debt, which is a good way to start a life. Starting to run a marathon with a 100 lb. weight on your back makes the race tough to run.