The Canadian Dollar (aka the Loonie) seems to be making a bit of a comeback from being below 70 cents U.S., however, it is not due to anything good in Canada as much as it is the U.S. economy being in the doldrums instead. It has pushed the Loonie to above 73 cents, which means for those folks heading south, your vacation might be a little bit cheaper. Gas continues to be almost 70 cents a litre in Ottawa (by late evening, not that there is any price-fixing going on), so if you are driving south, might be cheap too.
Yes, RRSP season has started, however there does not seem to be the normal push from the banks, maybe the TFSA has finally taking some of the wind out of the RRSP sails? Maybe as the month passes we will get more hype going on.
If it is RRSP season, that must mean it is also Tax Time too. This year my last pay stub was actually quite close to my T-4 so my tax planning last month was actually quite close. Already have my copy of Quicktax, but it keeps telling me not to submit yet, they haven’t got everything ready for E-filing just yet? Interesting.
This weekend there is a sporting spectacle known world-wide for great drama and excitement. I am speaking (of course) of the 6 Nations Rugby Tournament, that starts on Saturday morning. There is some other game that has something to do with Owls and such, in San Francisco on Sunday night as well, that evidently (if you are attending) you will be surveilled (very closely). Yes, I believe Mrs. C8j will simply be swapping out the newspaper around my chair, as I do not think I will be moving all weekend (except to possibly stir the chili ).
My Writings for Week Ending February 5th
With all of us old folk talking about retirement, is there any concern about the collective knowledge of an entire generation walking out the door? In my case, think of all the Fortran, Pascal and C programming info my employer might be losing? Maybe that is why they keep asking when I am leaving?
One of the main things I learned from the original Karate Kid was the importance of balance, and if you are tired of RRSP Season (the way I am) then maybe just view it as RRSP Rebalancing Season
A Topical Tweet
A poke by Dilbert (and Scott Adams) at all my stock picking friends out there.
— Scalable Capital (@ScalableCapital) February 2, 2016