in Best of, Random Thoughts

Allow me to be clear on my opinion of GM shutting down their Oshawa plant, F*ck you GM! You take government bail-outs (fail-outs?), and you then turn around and do this? As a tax payer I am disgusted by this attitude. Yes, I realize this is a business, and it is only a “business decision”, but as a regular person, I still think the thing stinks. I have had 3 GM cars, and all have had issues, and the last one was a Lemon. My opinion of their products is they are low quality.

I recorded yet another Podcast with Doug Hoyes last week, and dropped in on the Hoyes-Michalos offices in Ottawa.  Spoke to a few of the folks in the office, and heard about the scope of the Phoenix pay debacle has had on Ottawa. The chap I spoke to said he has seen plenty of folks who ended up being burned badly by the Phoenix “Pay” system. This included folks who didn’t get paid, and tried to live on their credit which cause the entire “financial apple cart” to fall over. I passed on my personal findings of folks who are turning down promotions, for fear of it causing a “Phoenix Profile” change and endangering their pay.

The content of the Podcast was well-defined by Doug and he had questions written down, but as usual it all broke down quickly, and I am not clear exactly what the real topic ended up being. Stay tuned on the Debt Free in 30 podcast and see how he edited it together. There were cameras as well.

Banks News?

The Banks will be announcing their results, TD already has, and they seem to be doing well. Somewhere along the line things will change, but not today.

Speaking of banks, President’s Choice has redesigned their PC Mastercard site, and have decided that an ability to download into Quicken or Quickbooks isn’t needed. You can download in CSV format (for Excel or a spreadsheet), but not directly from your bank account. Given how competitive the marketplace is for Credit Cards, taking away functionality for customers isn’t something rd assume was a good thing. I have voiced my displeasure, we shall see whether I take action, or not.

Recent Articles

It’s been a while since I did one of these so here are a few of my articles from the fall of 2018.

Never was So Much Owed by So Many outlines the latest numbers from Stats Canada about household debt, and how consumer debt is a hobby Canadians dearly love. My apologies to Mr. Churchill for such a crass paraphrasing.

Make More by Reducing Debt has been sitting in my almost finished queue for a while. Again, I am being quite cheeky about the subject, but sometimes the simplest explanations are the best. Continuing in that cheeky line, Savings Motivating System really was just a quick bad bit of humor I thought up one night. Remember with interest rates going up, a savings account might not be a bad place to put money.

Do credit cards just appear on your doorstep? In Farewell New Credit Card I outline how an old credit card (that I had forgotten about) morphed into a new card, which I didn’t want. The one really important part of a credit report is to see which credit cards you thought you closed are still open.

Deep Financial Thoughts

Doug Hoyes has thoughts everywhere, and here he is in his car telling us why high interest lenders (59% rates) are causing stress.

EQ Bank Savings Plus Account


Advent is Coming

Financial Advent is almost here, and we all know that Advent is a time of patience and waiting. I realize most folks view Advent as a time of spending, eating, and drinking, but it is really supposed to be a time of reflection and waiting. Keep that in mind this holiday season.


From The Archives

If you follow me on Twitter you will note that I do bring back many of the favorites from my huge archive, and this past while is not exception:


Financial Tweet of the Week

Another interesting list of Financial Bloggers, and somehow I am the first one they mention? Wonder why?


The 2018 Random Thoughts

My RSS feed is available.


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