Short Takes for a Friday May 2008
Unbelievable! Gas station owners in Quebec face charges of price fixing. Explore the implications of this practice on gas prices and consumer affordability.
Canajun Finances
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Canada vs U.S. Prices at Dollar Parity: Why We Still Paid 18% More in 2008
In 2008, even with the Canadian dollar at parity with the U.S. dollar, Canadian consumers still paid significantly more — up to 18% more on identical goods, according to a BMO survey. This article examines long-standing price disparities between Canada and the U.S., highlighting examples like CDs and everyday consumer goods. It also reflects on the concept of “The Tim Horton’s Savings Plan” and explores how behavioral saving strategies could tie into spending habits. The post also includes housing market data from Stats Canada, showing how new housing prices varied across cities in April 2008, with explosive growth in places like Regina and Saskatoon. While historical, the lessons about pricing fairness and savings habits remain timely for Canadians.
Debt Makes Me Sick
Yesterday I revealed that carrying debt is making me sick (not figuratively, but physically). I am impressed that I confessed this truth about myself: debt makes me sick. In my situation, it is better to… Read More »Debt Makes Me Sick
Mortgage That’s the Ticket, for me, but first no rate cut
In 2008 the Bank of Canada thought 3% was a low rate, however we learned mortgage and interest rates went much lower.
RRSP or Mortgage Payment?
Should you be saving your money or bringing down debt? RRSP or Mortgage is always a question, but now with the TFSA there is another angle to think about.
