The Bank of Canada decided that the best way to wean an economy that is addicted to stimulation is to lower the interest rates ? To be honest, Canada does seem to be in a recession, but lowering Interest Rates is an interesting way to deal with it. Their exact statement about the economy (which they now claim won’t recover until mid-2017):
The lower outlook for Canadian growth has increased the downside risks to inflation. While vulnerabilities associated with household imbalances remain elevated and could edge higher, Canada’s economy is undergoing a significant and complex adjustment. Additional monetary stimulus is required at this time to help return the economy to full capacity and inflation sustainably to target.
What did that do to the Canadian Dollar, you might ask? Have a look at this graph (on the right).
Weddings? Yes, my eldest daughter (Daughter 1.0), was married this past weekend and it was a wonderful event. She looked radiant, and it was interesting to be back in Kitchener. I thought Ottawa’s construction problems were insane, but Kitchener has taken it to a new level, ripping up King Street.
For those who have not participated in a wedding as a parent of one of the participants, it is a very different experience, and I was not really ready about how emotionally draining it was, and yet another event that reminds you of your own mortality.
Greece? Seriously? Who is writing this stuff? Anybody investing in Greece trying to maybe make some quick money? You are? You are NUTS!!!
My Writings for Week Ending July 17th
I was recovering from my daughter’s wedding, so not much new from me this week, but maybe some more helpful family posts :
- I did do a commentary on the jobs story from last week with More Full Time Jobs in Canada in June, there were actually less jobs total in June.
- For those who may have missed one of my parenting tip posts, Parenting Tip #327: Large Expenditures (Weddings and Education). Did I pay for the wedding?
- An interesting comment from Michael James on the Parenting Tip reminded me I also wrote about Lifestyles with Boomerang Kids, bricking up rooms is an option.
- You can check out many of my University Cost rants in the RESP section of this site, however, one of my faves is University Costs How Much (I wrote it before my kids went to school).
I did buy something on Amazon Prime day, but what was the impact of Amazon? The Economist has something for you: