We did it! Let’s Splurge!
If you achieve a financial goal, having the attitude that, “We did, let’s splurge !”, is counter to the goal that you just achieved. You fought to get to this point, and you are effectively going back?
Money too Loose Continues
In December 2010, the Bank of Canada chose to maintain its key overnight rate at 1.0%, reinforcing a strategy of “loose money” to nurture a fragile economic recovery. This post unpacks the cautious tone of the central bank’s announcement, which acknowledged sluggish exports and a still-vulnerable economy despite strong household spending and business investment. With inflation appearing to behave and excess capacity still present, interest rate hikes were off the table. The post humorously reminds readers that while today’s rates seem low, they once hit 20%—and history can repeat.
Keywords: interest rates December 2010, Bank of Canada, monetary policy, low rates Canada, inflation target, economic recovery, fragile growth, deflation risk, Canadian finance
Canada’s Balanced Budget (Eventually)
Might Balance Budget by 2015 Jim Flaherty (Canadian Federal Finance Minister, and the man who spins the Financial Blarney for the Feds) started the Financial Waffling section of the Government End of Year reports, when… Read More »Canada’s Balanced Budget (Eventually)
15000 More Jobs in November
On Friday Stats Canada published their Labour Force Survey for November, and more better news on the job front for Canada, with 15000 new jobs being created in November 2010. Employment edged up by 15,000… Read More »15000 More Jobs in November
Random Thoughts: Happy Advent!
Happy Advent, now is the time to start doing some financial things, to prepare for the coming festival of Christmas.
