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.

Exchange Rate

CAD/USD Noon Rate

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 buy something on Amazon Prime day, but what was the impact of Amazon? The Economist has something for you:

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Glitches, Greece, Recessions and #BestMoneyStories

Well, wasn’t that exciting on Wednesday? The NYSE (arguably one of the most important stock exchanges in the world) is shut down due to a computer glitch? Seems I have read something like this before in Debt of Honor (by Tom Clancy)? Maybe not, but that was the first thing I thought of when I heard the NYSE was shut down.

Debt of Honor by Tom Clancy

Link to the book on Amazon

The fact that the Wall Street Journal and United Airlines both had issues as well, makes you scratch your head a little as well, doesn’t it? Were there any strange stock prices entered on Wednesday (Read the novel for that reference).

So Greece decided they didn’t like the EU terms for their bail out and are making up their own deal? This stuff just writes itself, amazing. I plan on sending TD my terms on how I will not pay much back on my Mortgage as well, see how that works for me.

American banks seem to think that Canuckstan, I mean Canada, is in a recession. Our latest finance minister disagrees and just says, “… it’s a flesh wound, nothing to worry about…”, but it remains to be seen who is right and who is wrong here.

Speaking of teetering stock markets, China’s latest Stock Market foray seems to be close to a great fall as well? Not a great week in the investing world I suppose.


My Writings for Week Ending July 10th

A lazy week for me, actually, a very busy week as we prepare for a wedding this week, may not be too much next week we shall see if any Frays or Boultons are at the wedding (Game of Thrones reference) :


Speaking of security don’t fall for the latest IM scam:

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Thanks to the odd placement of July 1st this year, I am enjoying two 2-day work weeks (unfortunately with a 1 day weekend in between). I did my best to stuff as much as I could into my 1 day weekend.

4th of July

Boom!

It is the 4th of July on Saturday and our American relations will show how a Real Party is done. More than one comedian has quipped that the 4th should be renamed Blow Something Up Day but I am OK with seeing a country truly revel in their own freedoms. Oh and for those of you who have said, “I am moving to Canada now that same-sex marriage is legal”, you might want to reconsider things a little. 🗽

Greece, ’nuff said. By the way, who loaned them the money, Money Mart?

According to our friends over at the Canadian Taxpayers Federation Bill C-518 died “on the vine”, in the Senate. Bill C-518 was the bill passed in the house of commons that was, “… (the law to revoke taxpayer-funded pensions from criminal politicians)…”, I guess I am curious to ask, “And you thought the Senate would pass it?”. The CTF is always fun to read (I agree with the National Post on that one).


My Writings for Week Ending July 3rd

Now that Canada Day is done, what next? August long weekend? Simcoe Days? Labor Day? Christmas? Yikes! :


And now, deep thoughts with Preet Banerjee:

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As of the 21st of June, the summer of 2015 has started, with all the associated hoopla and fun. Remember that during the summer you might forget some important things like making sure your bills get paid, so maybe spend some time automating your bill payments for the summer, so that you don’t get in trouble with your creditors, and utilities.

Canadian Flag

Early Happy Canada Day

Canada Day is coming next week, on a Wednesday which will make for a great deal of confusion for folks, trying to figure out the ideal usage of their vacation, but my personal theory is if you spend 4 days vacation and get a complete week off, you are getting a 25% bonus, so take the days and enjoy the time off. Others have argued with me, why take vacation around that time, nothing is going on at work, they’d rather take their vacation when the office is busy. Both arguments are fine,  just remember to take your vacation (if Gail Vaz-Oxlade can take Time Off, so can you).

If you want a really summery thought it is less than 6 months until Christmas. How is your planning and shopping going for Christmas 2015? Here is another helpful hint, it is on a Friday, which means New Years Day is a Friday, and you have a whole weekend to recover from New Years Eve. Not helpful? How about this great advice about what to do before you go to bed before New Years Eve ?

The CFL season has started, go RedBlacks !


My Writings for Week Ending June 26th

Canada Day is quickly approaching, but it falling on a Wednesday assures next week is going to be a rather herky jerky kind of week:

  • I have started using Zinio again from the Ottawa Public Library (a magazine reading app, that through the library allows you to browse for free), and using that I noted that Money Magazine had a “Money 101” section, and this was one of the questions in that section What is My Tax Bracket ? Now in Canada it is not really that straight forward as we have so many taxes to deal with, but it gives you an idea (and Yes, you should at least have an idea what your tax bracket entails).
  • Given I am all for for Financial Literacy I figured  I would try to give some helpful hints about figuring out when you are about to be overwhelmed by debt with, Symptoms Your Debt Load is Getting Out of Control, and yes those are actual examples.
  • On this site’s sister blog, I published LastPass Hacked and Best of Technology and Security This Week , in case you are looking to learn a bit about technology and the associated security on that technology.


Something helpful from Larry MacDonald:

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According to the Toronto Star, you will soon be able to play down your Ontario Student Loans with your (or maybe a relative’s) Aeroplan miles. The exchange rate is currently pegged at about 7/10 of a cent for each mile cashed in (the example given was 35000 points becomes a $250 payment). While I applaud the ability to help pay down the ballooning Student Debts in Canada, couldn’t I have just done this with my Amex Cash back Card, or my PC Financial Mastercard? I am not sure if this is a good rate of transfer or not, but if a student has a “Sugar Relative” heavily laden with Aeroplan points, maybe they could get some help?

Dad Day

Father’s Day

Early Happy Father’s Day (Fathers’ Day) to all the Dads out there. It used to be that Father’s Day was the day when the most collect long distance calls were made, not sure what the 21st century version of that factoid might be. My Dad passed on a few years ago, but the things he taught me keep him with me always. The scary part of Father’s Day is realizing I am a Father as well.

To my Muslim readers, Ramadan is here. For folks in Canada this is going to hurt, because now we have the longest days of the year, so you are going to have to work hard on your fasting during the day. Eid is coming, but not for a while.

KPMG says we should stop the Canada Savings Bonds program? Remember that most of the Bonds these days are held by folks over the age 60 (OK, that is a guess on my part) but those are also the folks that remember when bonds had interest rates of 19% (yes that was 35 years ago, but you never know).


My Writings for Week Ending June 19th

No more Hockey or Basketball, guess it is Rugby, Formula 1, Soccer, and catching up on series I missed in the Winter season :

  • To start the week off, I published some notes I made up for an interview with the Toronto Star (that has disappeared into the ether from what I can tell), with Really Useful RESP Tips, I am available for interviews, Frat Parties, Bar Mitzvahs, and Weddings(check the About menu for details).
  • Evidently Thursday was “Let’s Splurge Day”, so my post Today Do Something for Yourself ( Financially ) was very topical (whodathunkit). No it’s not what you think.
  • On one of my other sites, I tried out a new old idea with the Best of Technology and Security this Week, have a look it has some interesting tid bits.


Financial literacy:

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