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Interest rates, bank of canada, history

0.25 % Interest Rates, Holy Cow!!!!

In April 2009, the Bank of Canada shocked the financial world by lowering its key overnight rate to just 0.25%, marking the brink of “free money” territory. This post captures the economic anxiety of the time: a collapsing economy, deflation fears, and uncertainty around whether the big banks would pass the savings on to consumers. Through a personal and humorous lens, it examines how rapidly shifting interest rates reshape our expectations about inflation, savings,

Consumer Price Index Down a Little for March 2009

Food prices up 7.9% in Canada in March 2009, which really did hurt. Inflation hurts.

Canada Flag

Canada in a Good Place? {March 2009}

In March 2009, amid the global financial crisis, Canada was praised by the Bank of Canada, the IMF, and Prime Minister Stephen Harper for being in a strong position to recover faster than other economies. While optimism was widespread, the article reminds readers to maintain financial skepticism and prepare for uncertainties. It also delves into bank service fees, questioning why certain banking activities—like using a Line of Credit—are free while traditional chequing accounts incur charges. A reflection on financial policies and consumer banking in Canada during economic turbulence.

Keywords: Canada, Bank of Canada, financial crisis, recession, economic recovery, banking fees, financial planning

Get Rich Quick

Get Rich Quick Schemes

Sometimes you can strike it rich , but usually it can be hinky like Bre-X and other scams. This weekends video clip is again from the National Film Board, a get rich quick scheme from… Read More »Get Rich Quick Schemes

Financial Scam

Financial Pornography?

That was the label I put on the Pay Day Loan and Cheque cashing shops, but I think I will revise my statement, not wanting to put Pornography in a bad light (given how much… Read More »Financial Pornography?

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