Facebook, Spring is here and #MoneyTalk March 2018
In Ottawa Spring is here, however the weather is not reflecting that fact. This and other great articles on finances in Canada this week.
Canajun Finances
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2018
Still Financially Crazy after 13 Years
After thirteen years of writing financial articles, I am still financially crazy , after all these years. I must be crazy I think debt is a bad thing!
More Financial Advice from a Comedian
My wife and I thoroughly enjoyed LetterKenny Live, and as part of the show is stand-up from K. Trevor Wilson. Mr. Wilson’s comedy is very topical and he had financial advice for young folks that… Read More »More Financial Advice from a Comedian
Steady Interest Rates, Spring Forward and #MoneyTalk
Interest rates continue to stay at 1.25% for the overnight rate, (March 2018).I suspect that, given the economy’s current state, we won’t see another rate hike for a little while. Their statement seems to imply that they are unsure where things might be going in the next little while.
Inflation is running close to the 2 per cent target and the Bank’s core measures of inflation have edged up, consistent with an economy operating near capacity. Wage growth has firmed, but remains lower than would be typical in an economy with no labour market slack. Inflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages
Bank of Canada March 2018
This seems to point a wagging finger at Ontario’s minimum wage increase, but it asks why wages normally don’t go up given how few unemployed folks are out there. We seem to live in interesting economic times.
Belated Happy International Women’s Day! As the father of 3 wonderful women, and the proud son of a trailblazing woman (my mother had a Statistics Degree in 1951, which was a rarity), I stand in awe. Do we have wage parity? Nope. Do we have gender equality? Nope. I think we still have a lot of work to do.
It is not only Tax Season again; it is that weekend when the clocks go forward (in most places in Canada and the US). There is talk of sticking with Daylight Savings Time, we shall see where that might leads, but if you won’t put your clocks forward you will be late all day Sunday.
My Recent Writings
Luckily I got something interesting in the mail to write about this week, with RDSP Statement of Grant Entitlement . Once you have gotten through the DTC maze, set up an RDSP and started putting money in it for your loved one, this is the most important document you will receive every year (aside from any reassessment notices from the CRA of course).
Micro Blogging on Finance
If you somehow think that the Government is going to escape the Phoenix Pay system debacle unscathed, I don’t think the media in Ottawa is going to allow that to happen.
RDSP Statement of Grant Entitlement
Who knew that this time of year had so many financial events? You have the RRSP deadline, tax preparation time and for some another important event. At the beginning of February I receive the Annual… Read More »RDSP Statement of Grant Entitlement
