Many days the media seems to be very confused. They use the term Deficit and Debt interchangeably, and they are not the same thing (in terms of government spending). In terms of Governments, a Deficit,… Read More »Deficit Reduction or Debt ?
Well, that was a very interesting election result that I suspected might happen. However, it does make for a very interesting future (note I am not saying good or evil, just interesting). Trudeau is PM, and it was back to the Future Day on Wednesday? Welcome to the ’80s? Guess I need to find my Nash the Slash T-shirts?
For the direct money view, we go to the Globe, which explains 9 Things that the Liberal Victory will change in your financial life. I am going to miss that income splitting with my spouse, maybe they can bring it back later, or I may have to retire to do it with my pension. Everything else is kind of meh to me, but the $2000 back on my taxes last year was mighty sweet. You realize these new MP’s will be paid $167,400 per year, right?
One of the big topics is how exactly is Mr. Trudeau going to change the TFSA limitback to what it was? A general amnesty for a year? Really not sure, but it should be interesting to see how he treads gently around the topic.
What happened to the NDP? The Jack Layton Party returned to being the NDP again, and are back to their normal historic seat counts, which is too bad in some ways, and good in other ways (remembering Bob Rae in Ontario for one thing). Interesting that the popular vote levels are not that different, but all it takes is a few areas to change their previous voting habits (i.e. Quebec) and voila, a change of government.
In Ottawa, there was much rejoicing in the demise of the Harper Government (in the Public Service area, remember I am a Civil Servant) and here is one of the reasons that Ottawa was part of the Red Tide, an open letter from Mr. Trudeau to Public Servants. I may do an article on how Mr. Clement’s plan to revise the sick leave system in the Public Service might have been a good idea. However, it had some flaws.
It was pointed out to me that Mr. Harper’s hair was never really mentioned in the election (even though Mr. Trudeau’s had its own catchphrase “Nice Hair Though”), but am I the only one who said it looks like LEGO hair?
The Bank judges that the risks around the inflation profile are roughly balanced. Meanwhile, as financial vulnerabilities in the household sector continue to edge higher, risks to financial stability are evolving as expected. Taking all of these developments into consideration, the Bank judges that the current stance of monetary policy remains appropriate. Therefore, the target for the overnight rate remains at 1/2 per cent.
My Writings for Week Ending October 23rd
I actually felt very re-energized by my attendance at CPFC15 (and am thinking I will be back next year), however, that still doesn’t expand my schedule, but I will be trying to write more soon. I did enjoy chatting with my peers and some very experienced writers and enjoyed the fellowship.
In Home Insurance: Three Strikes and You Are Out, I was pointing out that my mother’s home insurance was cancelled after three (major) events that she made insurance claims on, and that is the way home insurance works, so keep that in mind. Chime in the comments if you have your own stories in this area.
The Bank of Mom and Dad is a cautionary story about lending money to your kids (and family members in general) and how bankrupting one generation so the other can have a lovely house might not be the best idea.
No, I am not quite back from Blogcation yet, but I have created a friendly reminder, that if you are of voting age, and you are allowed to vote, it is a moral imperative that… Read More »Vote Today Canada
Stats Canada says that in March 2011 Unemployment inched down 0.1% however, employment figures hovered and remained unchanged. The good news is that the Employment numbers had losses in Part-Time jobs offset by increases in… Read More »Unemployment Inches Down, Employment the Same