Boxing Tuesday, Opening Up and #MoneyTalk

It is a long weekend, but a weird one since most of us haven’t really been going into work. Is it a long weekend? Well it will be in Ontario, because on Tuesday May 19th 2020 more stores will be opening up. Will this cause a Boxing Tuesday effect (i.e. people lining up to get in, showing up at 5 AM)? Maybe not, but it may cause more shopping mayhem. Stores that have opened so far do seem quite, crazy.

In Ontario we are only in Phase 1 of opening back up, and there are many rules still in place, but will people follow the rules? That remains to be seen. We see our rowdy southern neighbors are already acting like, it was all a bad dream. Time will tell whether this is the right way to do things. My opinion is a slow opening is a good thing, but until we have a vaccine or cure, we won’t be anywhere near “normal”.

Much more financial help announced by the government this week, and you should read about all of them. Seniors are getting some money, students are getting some money, etc.,. The Tories are worried about possible fraud in the system, I am confident the CRA will find the obvious ones. I am with the pundits that are asking, how will this all be paid for? Again, we shall see.

Note that Unemployment rate is now at 13.0%, that is a very high rate of Jobless Claims.

Inflation (year over year February 2020) 2.2%
Bank of Canada Overnight Rate April 21st0.25%
Unemployment Rate (as of April 2020)13.0%
GDP Growth January 2019-201.8%
Population of Canada (Jan 1, 2020)37.894 Million
CIBC current prime rate2.45%
BMO current prime rate2.45%
Scotiabank prime lending rate2.45%
TD prime lending rate2.45%
Some Useful Financial Data for Canadians as of May 16

Past Writings

My hope is that my prediction that things will change in the world of office design really will change, but I am pragmatic enough to know it may not happen in my career space.

  • The Death of the Open Concept Office Space is my perusing of a CDC report and hoping that it really does mean the end of the open office space, and get back to a bit more respect for employees. Is this really going to happen? We shall see.

It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.

Josiah Stamp

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More Financial Writings for a Long Weekend

Some interesting reads for your long weekend, while you are still practicing social distancing (I hope). It was also Privacy Awareness Week this past week, did you realize that?

From Kiplinger Magazine June 1, 2020
A Polite Spit Take

Tweets of the Week

The PM makes a very good point, if you are shopping right now, Buy Canadian, and even more, Buy Local. So many small businesses need the business (Jeff Bezos is about to be a Trillionaire, so he doesn’t need it).


Possible the most esoteric Twitter discussion about Bitcoin, ends up with J.K. Rowling buying one? The Interweb is a wild and whacky place!

Don’t really care, I still am not buying any…

Videos of the Week

Preet has been pumping out video content about all the new COVID19 programs, and here is another good one. Can someone please send him a razor?

Just Subscribe to Money School, Your Life Will be Simpler

What if there was no Privacy?

Luckily this is not how it works…. yet

Random Thoughts from the Past

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Opening up, May Day, COVID19 and #MoneyTalk

Another day to celebrate with the proletariat, our brothers and sisters who have thrown off the shackles of oppression, happy May Day! During the COVID19 lock down celebrating any day, is something. I think it is Friday (May 1, 2020) today?

More talk of restarting things in Ontario, which will be a slow process. In Ottawa things are very bad in our Seniors and Care Residences, and that is a concern for all of us. How to keep our Seniors and those who need our help, safe, is the most important plan.

This Wouldn’t Worry You Would it?

Not sure about the wearing a mask thing. I did see that the NFL on-line store is selling NFL Team themed masks, which would be cool. Wearing a Vikings mask would be good, but I would really like to walk into a bank wearing an Las Vegas Raiders mask.

Now is the time to ask for help or lowering of fees from your Bank, Insurance Company, or Internet Provider/Phone Company. Banks have claimed they will lower rates, but I haven’t seen it (TD’s Unsecured Line of Credit is at 5.60% (their prime is 2.6%), yet my Tangerine Line of Credit is at 2.45%). Your Car Insurance should be lower, you are not driving as far, yet I didn’t get much back from my Insurance company. As for Bell, they have actually raised my rates. Yes, the answer is always NO, unless you ask. If your income is curtailed, you should ask for all the help you can get.

Inflation (year over year February 2020) 2.2%
Bank of Canada Overnight Rate April 21st0.25%
Unemployment Rate (as of March 2020)7.8%
GDP Growth January 2019-201.8%
Population of Canada (Jan 1, 2020)37.894 Million
CIBC current prime rate2.45%
BMO current prime rate2.45%
Scotiabank prime lending rate2.45%
Some Useful Financial Data for Canadians

Past Writings

I did an interview with Tom Drake and that seems to cause more posts on the topic of RDSPs:


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More Financial Writings for Troubled Times

Some interesting reads for your weekend, while you are still practicing social distancing (I hope).


Tweet of the Week

Gail Vaz-Oxlade has been posting about her Master Money Class, and this tweet is an important thing for folks with kids with a Disability Tax Credit.

This one from the New Yorker is a bit too topical.


Video of the Week

I must admit I am a bit of a Fanboy for Stephen Fry, fairly sure I’d watch him read quietly for hours.

Corona Virus (in the UK) by Stephen Fry

Preet is showing off his prowess in Financial Matters, and also his ability to grow a very bushy beard.

75% Wage Subsidy and CERB Repayment? | Canada Emergency Response Benefit and CEWS (Wage Subsidy)

One more from Doug Hoyes, which really does make me sick.

The Vultures are Circling due to COVID19

Random Thoughts from the Past

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Unemployment Spikes, Easter and #MoneyTalk

Stats Canada announced on the 9th a massive drop in the employment numbers with (March 2020) over 1,011,000 jobs lost and many other folks had significantly less hours worked. Increased jobless claims will continue to climb during this pandemic.

I have not seen a drop like this in my lifetime

The unemployment rate now runs at 7.8% (March 2020), and things will only get worse for the next few months, unfortunately. What will happen as jobless claims rise?

A few more weeks into the COVID19 Lockdown of 2020 and more folks are sick, more medical staff are burning out, and we are running out of supplies. Many folks seem to be refusing to believe the seriousness of the situation, and plan parties and meetings and such.

But, we will come through this. We will learn and hopefully all of us will be a little wiser (in life and with money as well).

Easter comes and it is a time of Hope and new beginnings, but those new beginnings may not be soon. For those upset that they cannot be with loved ones, remember why.


Past Writings

A few new ideas over the past two week:

  • My CRA Account is something that you really should have. It helps you see what is going on with your Income Tax Returns, gives you all your maximums for the year (e.g. RRSP, etc.,) but also you can watch your status for the new CERB.
  • I kind of cheated claiming I wrote Henson Trusts since it really is just a link back to a great article on the Blue Bean Counter. I started writing an article, and it was just too darn complicated for me.
  • SEO leads to Trolls? It actually does.

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More Financial Writings for Troubled Times

Some interesting articles out there for this past little while.


Tweet of the Week

Preet is getting prodigious on his video postings during this Quarantine, amazing what being locked in your home most of the day.

Oh and do you have a HELOC?

Yikes?!?

Video of the Week

I believe the Queen said it the best this week.

The Queen Speaks of our Strengths

The CBC wanted to talk about your finances, and brought in an old friend of this site!


Random Thoughts from the Past

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Covid-19, Stay Home and #MoneyTalk

Haven’t done this for a while, but I do have a little more free time as well. So let’s start with the best joke about this year so far.

I’d like to return this year (2020), I don’t like it and it isn’t doing what I want. It is within 90 days and I expect a full refund, or at least store credit.

The 2020 Dad Joke

How are you all doing? I hope you are doing well, and if you are still working, I say Thank You, for that.

If you are not essential, STAY HOME! This is what you can do for your loved ones and yourself, STAY HOME! I cannot visit my Mother or my Brother because I could kill them, I don’t know if I have been exposed or am a carrier, so I STAY AWAY. I want to go see them, but I know I could kill them, so I stay away.

Toilet Paper?

Stay home and don't hoard toilet paper

So the one thing I will remember about this vividly will be the folks who have hoarded Toilet Paper. I hope that they have to use all that toilet paper in a very short time. Remember COVID-19 attacks your lungs, it is not a stomach flu. On this date (March 27th) I continue to look for another pack of TP, but Costco was out.

Feels like an episode of M*A*S*H when their supply lines got cut. I suppose that makes me Klinger (or Frank Burns). Lighten up folks, let’s let everyone wipe their derrières safely.

I also have heard from every place that ever asked for my email address (it is a HOTMAIL address which I usually ignore). Everyone is telling me how they are trying to help me be safe during these times. Thanks?


Past Writings

So it has been a long while since I have written one of these, so we have a long list to wander through.

  • COVID-19 Are we F*cked ? OK, so the title was a little click-baity but I had to write this down. Sometimes these thoughts need to be put in print to see where we stand. Apologies for the rant and salty tones.
  • RDSP Statement of Grant Entitlement 2020 yes another year has passed and the government has told me how little they will match in terms of my son’s RDSP. It’s free money, but it will increase over time.
  • Reflections on 15 Years means I have actually been doing this for more than 15 years. I am attempting to rewrite, edit and delete many of my older posts.
  • Impact of COVID-19 on Small Business and Self-Employed my daughter is a Chiropractor, and she offered to write a piece on the impact of this thing, on her financial and professional life. I think I may have a few more posts from her in the future.
  • Financial Disaster Plan would have been good to have one of these before all of this, but maybe it is time to write one anyhow?
  • Aging Family Members and How to Deal with their Real Estate was another Guest Post done for me, that I really like. Sean writes about things happening in my life right now.

There are more, but you can go check them out on the site. As you can see my writing rhythm may be returning (for good or bad). Hopefully more from me in the coming weeks.


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Financial Reads for Troubled Times

I give you an excellent reading list of articles to help you get through these troubled and worrying times.


Tweet of the Week

For those that have not noticed, Squawkfox has not been around much, and that is because she has been battling with Cancer. She is a friend, and I hope you all send her good thoughts and love. She is one of the reasons you should stay home!

Oh, and if you are on Twitter a lot please add The Canadian Cyber Center, they are the Internet Watchdog, so watch them.


Video of the Week

Speaking of our old amigo Preet B. here is a helpful video with resources for you to help you out, during these troubling times.

Thank you Preet B!

2019 Random Thoughts

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Reflections on 15 Years

So I started writing this Blog 15 years ago (March 17, 2005). It has been interesting and thanks to it, I have met many wonderful writers and personalities. I have also had many kind comments and queries, and for that, I thank my readers as well. It is an auspicious day to be celebrating given the current Pandemic conditions and it being St. Patty’s day.

I think I have learned a great deal about SEO (mostly what not to do), a fair amount about money and investing (mostly I don’t know what I am doing, and need help) and mostly about life. I have written through:

Reflections 15 years
That’s a lot of writing

It has been an interesting 15 years, and I don’t think I am going anywhere, I will keep writing. I am meaning to write more, but we shall see whether I ever return to writing 5 articles a week.

Thank you all for reading along, and all my best.

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