ðŸ‡¨ðŸ‡¦ Happy Canada Day! ðŸ‡¨ðŸ‡¦
It is Canada’s Birthday, but it is an odd one with the COVID19 Pandemic going on. I live in Ottawa, but there are no outdoor celebrations here for the first time I can recall. Canada Day 2020 falling on a Wednesday makes for an odd work week as well. Is it two 2-day weeks? I 2-day week and a 5 day weekend? Chacun va choisir.
I continue to see the majority of folks I see “outside” not wearing masks, and many ignoring distancing as well. Let’s hope Canada does not follow the US model of simply assuming it is all OK and life has returned to normal ? I wear mine for everyone I love that I don’t want to infect, why aren’t you wearing one?
The new Ontario Math curriculum for Grades 1-8 is interesting. I think it is a good idea, but I am also a Math Graduate. The subject matter is fine, but they need to find more ways to make Math (and STEM in general) more inclusive. I would love to see program information on how the system teaches the subject. Far too many kids are “turned off” or “left out” on the subject, I want to see more fresh faces in the world of math. If you saw my graduating class in 1986 you would understand what I meant.
Evidently Financial Literacy is also being included in this program, which is important, but again, hopefully it will be taught in a way to be inclusive. Me standing in front of a bunch of 8 year olds teaching them about Bond Yields, would be less than ideal (as an example of how NOT to teach Financial Literacy).
I tip my cap to celebrate 100th Anniversary of the Negro Leagues #tipyourcap2020. The “Negro League” (apologies for using the historic term) was where segregated black players could play baseball before Jackie Robinson broke the ceiling and joined the Major Leagues (in Montreal).
My battle against unwanted email continues, it is manageable, but I am finding that many subscriptions seem to be like herpes, they never really go away.
An excellent Canadian Financial Quip is that Peter Jennings (a great Canadian Newsman), never purchased a new car (only used cars).
|Inflation (year over year May 2020)||-0.4 %|
|Bank of Canada Overnight Rate June 30th||0.25%|
|Unemployment Rate (as of May 2020)||13.7%|
|GDP Growth (Q1 2020)||-11.6%|
|Population of Canada (Jan 1, 2020)||37.894 Million|
|CIBC current prime rate||2.45%|
|BMO current prime rate||2.45%|
|Scotiabank prime lending rate||2.45%|
|TD prime lending rate||2.45%|
|Tangerine prime lending rate||2.45%|
COVID19 Data Canada
Click here to find an up to date graphic from the Government of Canada
I seem to find my writing muse last week and there were a bunch of articles written. The backlog of stories, dropped, a little.
- Not Asking is Rejection by Default is very true. I have written about this previously, but it is still very true. You need to stand up for your self (while not being rude or mean either (which is the Canadian way)).
- MER : A Worm in the RESP Money Tree has been a theme I have written about many times. The Registered Education Savings Plan (RESP) is a shorter term savings plan, so a high Management Cost in your account is taking a big bite out of your growth.
- Banking Malware Be Aware is from my technical blogging and security blog, but very financially relevant. Do not click on anything sent to you from anyone, without being positive it is what you think it is.
- RDSP : Quick Points started out as my notes for an interview I did with Tom Drake on the Registered Disability Savings Plan. The interview link is there as well, and it went well.
- A Guide to Understanding the Tax Considerations When Cashing out an RESP is a Guest Post (I must be getting soft in my old age) about withdrawing funds (the right way) from your child’s RESP.
Celebrating Canada Financially
There may not be a lot of fireworks and celebrating together, but still some great Canadian financial perspectives on Financial Literacy, and money.
- Will the Supreme Court Decision against Uber change the Gigg Economy? I don’t think as much as folks hope, but any movement towards making folks actual employees is a good thing. It is a fairly narrow decision, but maybe it is a small step forward.
- The Globe had a round up article last week, that had a section on someone asking, “What to with an RESP for $500,000“? Kind of gives you a good perspective on who reads the Globe, don’t it?
- For those unaware Kerry from Squawkfox (a friend of this site) has been in the battle of her life, read more about it here, This could save someoneâ€™s life
- Michael James reviews yet another books for those who have issues dealing with money, Talk Money to Me, is a good book if you really do need help.
- Mark from the Blunt Bean Counter sums up my current views about working at home nicely in, Working from Home â€“ Get Me Out of Here! I must admit that I am getting a little house happy these days, as well.
Tweets of the Week
First, a great public health message from a person of whom I am not very fond.
I keep having deep thoughts these COVIDy days. The thoughts can’t be turned into an actual article, but they fit a tweet well.
I am really not sure of the validity of this set of tweets, however reading the entire set of them is not surprising, more is the pity.
Videos of the Week
Think you are an expert about Money Laundering now that you have watched Ozarks, Breaking Bad and Narcos? Not so quick there slick. A real professor does some fact checking on the topic. See, you did learn something from this site.
Random Thoughts from the Past
- Fathers Day , COVID, Unsubscribe & #MoneyTalk (June 19th)
- Boxing Tuesday, Opening Up and #MoneyTalk (May 16th)
- Opening up, May Day, COVID19 and #MoneyTalk (May 1st)
- Unemployment Spikes, Easter and #MoneyTalk (April 11th)
- Covid-19, Stay Home and #MoneyTalk (March 27th)
- Dusty Typewriters and #MoneyTalk (November 8th)
- March Madness and #MoneyTalk (March 30th)
- Lent Begins and #Moneytalk (March 6th)
- Christmas Treats, RESPs, The Markets and Polkas and #MoneyTalk (December 17th)
Other Canada Days
- In 2006 I gave a rather demure Happy Canada Day Cheer
- 2007 was another fine Happy Canada Day kind of year.
- In 2008 we started showing a big Canadian Flag Happy Canada Day
- For 2009 Happy Canada Day mentioned that July 1st is moving day in Montreal
- Happy Canada Day 2010 has another big flag and some of the NFB vignettes
- In 2012 we start with NFB vignettes to celebrate Canada Day
- Canada Day in 2013 just had a big flag
- What was exciting in 2014? Happy Canada Day for one!
- Happy Canada Day 2015 with a definition of Canada as well
- In 2017 Plenty of Happy Canada Day revelry to celebrate Canada 150
- With the arrival of 2020 one more Happy Canada Day post
Fourth of July
We mustn’t forget our family down south.