Canadian Personal Finance Blog

Archive for October 19th, 2007

Canadian Inflation Rate at 2.5%

Stats Canada snuck this one out, before I could put it in my original posting, crafty devils.

This is a major jump in the Inflation rate and the steepest in a while, but if you throw out the price of Oil from this, it actually isn’t that bad. Why would you take out Gasoline prices? I have no idea, since it is a major part of my expenses, but the Bank of Canada looks at that, so who knows? Energy jumped 6.1% year over year in this index, the biggest increase (even higher than Shelter)

This 0.2% jump could mean a lot of things, and with oil futures continuing to sky rocket, maybe interest rates aren’t going to stay as low as I hoped it would. Maybe it is time to pay down that debt?

University Tuition Averages

After my own brush with tuition costs this week, University Costs Holy Crap, Stats Canada has come up with a more extensive survey of Post Secondary education Costs across Canada. Worth a read to see just how little folks in Quebec pay for their tuition fees. A more startling graphic is the following that shows just why the cost of Post Secondary education has sky rocketed.

Given that post secondary institutions have been allowed to increase their fee structures at such an alarming rate, it explains why it is so much more than when I went to school 25 years ago.

Oil Futures over $90 a Barrel

Interesting that the price has gone up another 28% in the past little while and no one has said too much? This is going to make for a very interesting winter if it is a cold one, that is for sure.

We Canadians are Debt Junkies

At least that is what the Certified General Accountants think, with their new report, Where does the Money Go: The Increasing Reliance on Household Debt in Canada, simply reinforces more of what you have read in other Money Blogs as well as here, get the heck out of debt however you can! Most any debt is a bad thing, and getting used to it, is not the answer. Get Rid Of It, is the answer.

This Week’s Postings

• Sunday a Day of Rest?
• Leading Indicators Still Good For Canada
• Tourism as Important as Agriculture
• Bank of Canada has no Interest (hikes)
• University Costs Holy Crap!
• Get off the Throne Will Ya?