It is now 14 years since that day, where the world changed in 2001. Is the world a worse place because of the events of that day? It’s a different place, is all I can say with a certainty, history will tell us the rest.
The election continues to show that the Tories are lagging, the Liberals are not wowing and the NDP seems to be turtling their way into a small lead, but none of the party leaders are running away with the race. It would have been very interesting to see this election, if Jack Layton had beaten cancer, but we will never know, won’t we?
Apple introduced some “new” technology, including the iPhone Maxi (6S Plus) and their reintroduction of Apple TV. I get the feeling that the media world (specifically video streaming) is about to change, but I also suspect it may not be Apple that wins the fight.
Our friends at the Bank of Canada continued their rates on Wednesday, with the following statement about the economy (hopefully one day it will come with a helpful decoder ring to explain all the jargon as well):
Increasing uncertainty about growth prospects for China and other emerging-market economies, in contrast, is raising questions about the pace of the global recovery. This has contributed to heightened financial market volatility and lower commodity prices. Movements in the Canadian dollar are helping to absorb some of the impact of lower commodity prices and are facilitating the adjustments taking place in Canada’s economy. While the overall export picture is still uncertain, the latest data confirm that exchange rate-sensitive exports are regaining momentum.
Meanwhile, risks to financial stability are evolving as expected. Taking all of these developments into consideration, the Bank judges that the risks to the outlook for inflation remain within the zone for which the current stance of monetary policy is appropriate. Therefore, the target for the overnight rate remains at 1/2 per cent.
A simple translation? “risks to financial stability are evolving as expected” the known unknowns are known? The unknown knowns are better understood?
My Writings for Week Ending September 11th
With Labour Day being so late this year we are already well into September, however, it is still hotter than most of the summer, 2015 an odd year for weather :
- Over the weekend I continued my best of twitter world with Laboured Personal Finance Tweets of the Week, some fun tweets in there.
- Ironic Labour Numbers on Labour Day for August, not only included the rather ho-hum jobs numbers from last week, it also included a mention of Das Capital by Karl Marx.
- It is that magical time of the year, Back To School and RESP Time, but do you really care about RESPs if you are going to leave the post-secondary school costs to your kids?
Tweet of the week
I found this one in my twitter feed and was horrified when I read the story
— The Province (@theprovince) September 1, 2015
Money Stories to Help You Back to School
Did you realize that the Blunt Bean Counter has returned from vacation and that he has a new book he’d like to give away? If you read, Let’s Get Blunt About Your Financial Affairs – Book Giveaway & Book Launch , you would have (oh and I might have a few copies myself, but I still owe him a review of his book too). Speaking of books, the Canadian Capitalist (who is still retired), did do a Book Review: The RESP Book, which is still relevant and well worth reading. Gail Vaz-Oxlade has returned from a summer hiatous as well .
Preet Has a New Podcast?
No, in fact, the Maven of Moneys is on someone else’s podcast (switching it up):
— Jessica Moorhouse (@jessi_moorhouse) September 10, 2015
A very interesting discussion on Reddit about the TD E-series funds, that is well worth reading:
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, Mother’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, Dad’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
- August 7th, Cheap Gold, Cheap Oil, Weak Dollar, Election Week 1 and #BestMoneyStories
- August 14th, RDSPs, Thrifty NFLers , Election Ho Hum and #BestMoneyStories
- August 21st, Rhinos Return, No Good Debt, Election Banter and #BestMoneyStories
- August 28th, Boom Goes the Markets, Market Cheese, and #BestMoneyStories
- September 4th, Back to School, RESPs, Banks Behaving Badly and #MoneyStories
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