Canadian Personal Finance Blog

After yesterday’s post about the bankless folks out there, this is not a response to that, saying that those people should: “Put a sock in it!”, no, that is not what this post is about. The Ottawa Citizen yesterday had a very interesting article about an Entrepreneur who is selling “The Sock Bank”, which sells for $15 and is a tool to help kids learn about saving money. How popular are these things? Well Mrs. Chewick sold 25,000 sock banks in 9 weeks (and part of the proceeds are going to charity as well). Mrs. Chewick’s goal is to make Canada a country of Savers again, good for her! Get one for your kids, looks cool and you get woolen socks too!

It is becoming more expensive to make Films and Videos in Canada, but the revenues are also doing quite well.

The industry recorded total revenues of $844 million, a 7.9% increase from 2004, while expenses rose 10.0%. Half of industry expenses were associated with the cost of goods sold.

As a result, profits totaled $47.4 million, down from $58.3 million in 2004. The industry posted a profit margin of 5.6%.

 

I like watching films and television, and I really enjoy seeing Canadian cities “dolled up” to pass as an American city (especially when you see a Toronto Star paper box, or a Canada Post mail box). Oh and here is some Canadian Content for you:

I enjoyed the thematic premise, and the cinematography kept me on the edge of my seat, and it is Canadian content too!