This week in Ottawa, a massive sinkhole opened on Rideau Street. There are conflicting stories about whether it was a new Gateway to Hell, or whether the exposure of an existing personal gateway to hell. Either way, it shows that when we make a hole in the Nation’s Capital, we make a hole.
Ottawa SinkHole
I was downtown on Thursday for meetings, and while the downtown is a bit of a mess, all I could think was that I wished I was either in the Concrete or Concrete Delivery business, as the entire downtown seems to be littered with Cement Delivery trucks (to fill the hole). Ottawa seems prone to sinkholes, as we have had more than our share over the past while.
The Bank of Canada thinks the economy is unchanged, as it announced the Financial System Review this week. However, three risks were noted:
The Bank continues to highlight two vulnerabilities related to Canadian households: the elevated level of household indebtedness and imbalances in some regional housing markets. A third vulnerability identified is the fragility of fixed-income market liquidity.
This translates to continued big debt and ludicrous house prices in Vancouver and Toronto (and a few other places) are worrying the Bank. A major financial event (say like a recession) might cause some big issues in the current economy.
My Writings for the Week Ending June 10th
I have written about how I am an attractive bag of medical conditions, but after my latest yearly check-up I came up with the question What Would You Pay $213.52 For? For me it was simple, I really, really don’t want to get shingles, so I would pay for the vaccine myself if I had to.
I must write a thank you note to TD for continuing to motivate me to write about my issues with them, and so another fine rant was written, Automatic Withdrawal Audits. I still await the results of the problem ticket I opened with TD Mutual Funds.
A Money Thought
Never buy anything from someone who is out of breath.”
After attending my youngest daughter’s graduation, I decided to check on my son’s RESP to see just how much money we have so far for his post-secondary education, and thanks to that, I found out… Read More »Automatic Withdrawal Audits
What would you pay $213.52 for? I paid for the new Shingles vaccine, and I feel it was money very well spent . The new Shingles Vaccine was not covered in Ontario for a long time.
If there is money to be had, there are always scams to steal that money, hence RESP scams are cropping up all over the place and other financial news.
#RESP #CRA #Scams
