This & That: Canuck Euphoria, Japanese Earthquake, and more…
March 18, 2011 by Laura Reveley · Leave a Comment
- In the past ten years, Canada has had an easier time than pretty much everyone else. Our home prices did not crash as in other countries, our dollar strengthened significantly and our stock markets outperformed pretty much every developed market out there. This column in Macleans magazine wonders how long the good times are going to last.
- What should investors do in the wake of the disastrous Japanese Earthquake? Jon Chevreau looks at history and finds the best course is to stay the course, Larry MacDonald says the bargain prices may be a good time to obtain exposure to Japanese equities and the folks at Steadyhand obtained a preliminary assessment from their money manager.
- Today’s Economy Blog’s Kevin Press highlights some findings from a recent survey that found that Canadians believe they’ll be working well past the traditional retirement age.
- If you have trouble establishing a savings habit, you’ll find Preet Banerjee’s tip to “nudge” yourself by banking half your next increase pretty useful.
- Michael James on Money did an informal survey and found that half the respondents believe they don’t pay any fees to buy and own mutual funds.
- If you don’t want any risk in your RESP, Money Smarts Blog suggests opening up a GIC RESP available at many banks. The only problem
This & That: Food Inflation, Interest rates and more…
March 1, 2011 by Laura Reveley · Leave a Comment
[Note: I apologize for the lack of a video and light posting this week. I've been sick like a dog and only just recovered ever so slightly. Speaking of which, do you notice how expensive over-the-counter drugs are at Shopper's Drug Mart compared to Costco or Wal-Mart?]
Food prices have been trending upwards already but we haven’t yet seen the kind of price increases that consumers in emerging markets have been experiencing. That may be about to change. The Globe & Mail reported that Weston is increasing prices on bread, cookies and cakes by an average of 5 per cent starting April 1 .
The Bank of Canada decided to keep interest rates level at 1 per cent. The Prime rate to which variable-rate mortgages and lines of credit are tied to remains at 3 per cent. In its accompanying statement the Bank said the economic recovery here at home is “proceeding slightly faster than expected” but inflation had been “consistent” with its expectations.
TD Bank became the first bank to boost its dividend since the big banks stopped regular dividend increases to conserve capital in the wake of the financial crisis. The Bank
Cash Back Credit Card Update – Citi Dividend Card $100 Offer
February 28, 2011 by Laura Reveley · Leave a Comment
Citibank is rolling out some major changes on its primary cash back credit card, the Citi Dividend Platinum Select MasterCard. The first change is the introduction of a limited time offer that gives new applicants a $100 cash back bonus if they spend $500 within the first three months of becoming a cardmember. The second change is the extension of 0% introductory rates on purchases and balance transfers.
Offer 1: The Citi Dividend Platinum Select MasterCard – Limited Time Offer provides a $100 cash back bonus to new cardmembers who spend $500 within three months of opening an account. In addition to this bonus, cardmembers earn 1% cash back on all eligible purchases and 5% cash back on purchases in categories that rotate four times a year. Until March 31st, cardmembers earn 5% cash back on drugstore, healthcare, and fitness purchases. Fr
This and That: Parking RRSP contributions, Market Risk and more…
February 23, 2011 by Laura Reveley · Leave a Comment
- If you planning on making a RRSP contribution, you probably know that you only have 5 more days to do so. With time running out, the best tip I have is to first come up with a plan before investing your hard-earned money. You can simply park your contribution until you complete your investment plan.
- Dave from GP has some wise counsel regarding RRSPs: build your safety net first before even thinking about RRSPs, TFSAs and whatnot.
- It was only last week that we noted that many stock market indices have doubled from the market bottom. This week, in the wake of turmoil in Libya, stock markets started falling sharply. Larry Swedroe points out that this is once again a reminder that markets are highly risky and risk is present all the time.
- You can’t make up a story like this if you tried. The Ottawa Citizen’s Randall Denley explains a recent Ontario Energy Board ruling: “some customers paid exorbitant late fees [on electricity bills], the power companies have to pay a penalty, charity gets the money and the current customers get the bill”.
- Million Dollar Journey warns that chasing high yields is a risky investment strategy.
- You probably have seen the blue ads that say “Risk-Free Investing. Yes, it d
This and That: Market Rally & UFile Giveaway
February 18, 2011 by Laura Reveley · Leave a Comment
Since the RRSP season is about to hit the home stretch, this week’s video is topical. In it, kids talk about what retirement means to them.
In the news this week
The stock markets hit some significant milestones this week. The S&P 500 has doubled from the market low of March 2009 . The TSX crossed the 14,000 mark. What does this mean for investors? Other than the fact that stock portfolios are looking much healthier, not much. Just over two years ago, the pundits getting the most air time were those making dire forecasts . Investors who listened to these gurus and hid under their beds missed out on one of the most spectacular rallies. W