Canadian Personal Finance Blog

Kippers? Not Just for Breakfast Any More

One of my Dad’s favorite treats was kippers, I loathed the smell of them, but my Dad loved their taste.

This weekend, however, I read a new twist on the term Kipper, evidently there is a new financial term to describe “older children who won’t move out of their parents’ houses”, KIPPER. In this case it decodes to:

• Kids
• In
• Parents
• Pockets
• Eroding
• Retirement
• Savings

I read that and it really tickled my fancy as a new and useful Personal Finance Term. In your retirement plans, do you have any contingencies in case you have KIPPERS?

US Interest Rates Cut Again

This is very interesting, the U.S. reserve lowered their rate to 4.5%

“Today’s action, combined with the policy action taken in September, should help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and promote moderate growth over time,” the Fed said Wednesday in the commentary with its rate announcement.

Interesting, the Canadian dollar is at $1.06 in value compared to the U.S. buck (highest in 50 years), this rate cut is only going to push other currencies higher. Interesting move, and there are already manufacturing jobs going South (but this time from Canada to the U.S., not from the U.S. to Mexico). Wonder if this is a new policy?