The Canadian Economy keeps taking it in the teeth these days, in terms of its over-reliance on commodities and the cheaper prices of Oil and now on Gold (Au). Gold now sits at a 5-year low in terms of its price, and it is making it less attractive to mine gold, thus doing jobs in mining scarce, to go along with the problems already seen in the oil patches. The lower Canadian dollar will make manufacturing jobs in Canada look more attractive, but we shall see whether that part of the economy awakes from it’s 9 year slumber. The Canadian NHL teams will also have issues with their revenues (given they must pay their players in US $).
Seems like maybe we should have thought about this when the Canadian Dollar was strong, and Oil was over $100 a barrel. Just saying.
Speaking of cheap Oil prices, glad to see gas prices aren’t dropping quickly, even with oil under $60 a barrel, but the price of gasoline has nothing to do with the price of oil, does it?
A sad farewell to Jon Stewart at the Daily Show, many a great quip has come from that show and its writers, we shall see whether it can whether Mr. Stewart’s departure.
The first “leaders” debate transpired last night, but my guess is, it wasn’t nearly as interesting as any debate that might include the “Master of Disaster” Donald Trump. He makes politics interesting again (or at least as interesting as UFC to watch). This week in the election we have had wagged fingers for the Tories and NDP calling Justin Trudeau by his first name (nice hair though), Mr. Harper promising that one day he might, if the budget is balanced, and oil goes back up in price, think about possibly bringing back the home renovation credit, and Mr. Mulcair mostly chuckling in the background, realizing he doesn’t have to open his mouth and he could win a majority. The Green party is doing something, and the Bloc has decided to run a stealth campaign of their own, maybe we’ll look back in on this lot in September?
My Writings for Week Ending August 7th
Well, I didn’t really write much this week, thanks to vacations and studying for my French Exams), but I did go through my archives and found some of my favorites from the past :
- A great financial understatement is really me commenting on my own dry commentary on the stock market implosion of 2008. Those were bad times, but thanks to that I managed to make some great investments? Yes, it doesn’t make a lot of sense, but that is how things work sometimes.
- Advice: Best Financial Advice Ever Given, is one of my favorite money related parable/joke that my Father told me, and this interesting icon on the right came from that exact same post as well.
- To give you an orthogonal response to the previous post, The Worst Financial Advice Ever Given, is me making a big mistake with a friend (and one of the reasons I don’t give out advice, except to my kids).
People call Ottawa the city where fun went to die, I think I disagree, it is the city where
fidelity went to die:
Plenty of Good Money Stories from this Week
You do realize that this site has an optimized for Smart Phone and Tablet mode, right? Just come here with that device and things will look a little different, but still the same fun reading. Mark from the Blunt Bean Counter dropped me a line (speaking of reading) boasting about his Golfing summer, but he has been busy doing other things as well, but his Best of post for the week is a warning, Resverlogix – A Cautionary Tale, which I enjoy because it is nice when Experts admit their own “mistakes (of sorts). Speaking of investing, Mark from My Own Advisor updates us on his investing journey with July 2015 Dividend Income Report, a brave man. You say you don’t want the instability of the stock market? Well, don’t think there is a safe haven in guaranteed investments either, as Marie from Boomer and Echo discusses in Are Guaranteed Investments Worth the Premium ? Larry MacDonald continues to write in the Globe about individual investors and this week we have an Accountant that Stays the Course, and Reaps the Rewards.
I have written a fair amount about security issues on the Sister Web Site to this Publication, but Barry from Money We Have chimes in with some very good commentaries about this in Preventing Fraud and Identity Theft. Speaking of sticky businesses the Weather Network writes about the Quebec Syrup Monopoly? Hadn’t realized there was one. If you aren’t following me on the Twitter machine, you missed me arguing with Bell about how their Telemarketers shouldn’t block their name when they call me (seriously, they were doing that).
What is your lifestyle going to be like when you retire? Do you have a plan or budget estimate in mind? Michael James (who is busy at the Canadian Little League Championships this week), points out that your retirement spending plan is critical to your after work life. Assuming you can simply live the same lifestyle can have disastrous results and has caused many folks to have to return to work, once they realize they couldn’t actually retire. Mark from 2nd Career Search who passes a lot of his spare “semi-retired” time working on drones, adds to the topic of retirement with Passing Time Well in Retirement, another key part of enjoying your retirement.
Jon Stewart on Jon Stewart
It was a comedy show folks, not the news, but I liked it.
John Oliver Piles on Ottawa
I’m good with this (a little NSFW though, so be careful, but I do like the Tourism Ottawa film at the end):
2015 Random Thoughts
- January 2nd Random Thoughts on 2014, Welcome to MMXV and #BestOf
- January 9th Frigid Temps, Plunging Oil, Paris and #BestThisWeek
- January 16th Canadian Economy on the Edge, Frigid Temps and #BestThisWeek
- January 23rd Looser Money, Plummeting Loons and #BestThisWeek
- January 30th CLBs, Weak Loons, Tax Time, Superb Owls and #BestThisWeek
- February 6th Superb Decisions, Gas Going Up, Rugby and #BestThisWeek
- February 13th RRSPs, Valentines, 50 Shades of Debt and #BestOfThisWeek
- February 20th Lent Begins, Freezing Temps, Apples and RRSP and #BestOfThisWeek
- February 27th RRSPs, Saint David, Right Arm and #BestOfThisWeek
- March 6th Illness, K-Cups, Interest Rates and #BestOfThisWeek
- March 13th March Madness, Taxes, Friday the 13th and #BestOfThisWeek
- March 20th Spring has Sprung, Ten Years, The Madness and #BestOfThisWeek
- March 27th Death of EPost, More Madness, and #BestMoneyStories
- April 10th Senators, Retiring Rich and #BestMoneyStories
- April 17th Playoffs, Tax Time, Beer tax and #BestMoneyStories
- April 24th RRIF Allowances, Bursary Changes, Budgets and #BestMoneyStories
- May 1st Tax Extensions, Golf Season, Bank Fees, May Day and #BestMoneyStories
- May 8th Alberta Valium, Motherâ€™s Day, Che Guevara, Pay Day Loans and #BestMoneyStories
- May 15th Starbucks, Monty Burns and #BestMoneyStories
- May 22nd Coach Money, CPP Up 18 pct, Losing $15B and #BestMoneyStories
- May 29th Easy Money, Better Cell Deals, Dirty Football and #BestMoneyStories
- June 5th Starbucks, Hacked Government Folk and #BestMoneyStories
- June 12th Voldemort for PM, HSBC Cuts 50K, Hockey Talk and #BestMoneyStories
- June 19th Aeroplan Student Loans, Dadâ€™s Day, Kill CSBs and #BestMoneyStories
- June 26th Summer is Here, Canada Day, Christmas and #BestMoneyStories
- July 3rd 2 Day Work Weeks, 4th of July, Greece, and #BestMoneyStories
- July 10th Glitches, Greece, Recessions and #BestMoneyStories
- July 17th Loosest Money, Weddings, Greece and #BestMoneyStories
- July 24th, Family Allowance, Diving Dollar, Access Sharing and #BestMoneyStories
- July 31st, Elections, Heat, Cheap Oil, and #BestMoneyStories
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