More Blocked Mutual Fund Transactions at TD
Read about my frustrating experience with a blocked transaction in 2015 when trying to deposit funds into my son’s RESP.
Talking about Money on Twitter
I have about 2500 Twitter followers now, and my feed is alive with interesting financial stories, so here are a few of the ones I enjoyed reading this week. Glad to see that the Bank… Read More »Talking about Money on Twitter
That Day, I Miss Jack, Easy Money and #MoneyStories
It is 14 years since that day, when the world changed in 2001. Is the world a worse place because of the events of that day? It’s a different place, is all I can say with certainty. History will tell us the rest.
The election continues to show that the Tories are lagging, the Liberals are not wowing, and the NDP seems to be turtling their way into a slight lead, but none of the party leaders are running away with the race. It would have been exciting to see this election if Jack Layton had beaten cancer, but we will never know, won’t we?
Apple introduced some “new” technology, including the iPhone Maxi (6S Plus) and the reintroduction of the Apple TV. I get the feeling that the media world (specifically video streaming) is about to change, but I also suspect it may not be Apple that wins the fight.
Our friends at the Bank of Canada continued their rates on Wednesday with the following statement about the economy (hopefully, one day it will come with a helpful decoder ring to explain all the jargon as well):
Increasing uncertainty about growth prospects for China and other emerging-market economies, in contrast, is raising questions about the pace of the global recovery. This has contributed to heightened financial market volatility and lower commodity prices. Movements in the Canadian dollar are helping to absorb some of the impact of lower commodity prices and are facilitating the adjustments taking place in Canada’s economy. While the overall export picture is still uncertain, the latest data confirm that exchange rate-sensitive exports are regaining momentum.
Meanwhile, risks to financial stability are evolving as expected. Taking all of these developments into consideration, the Bank judges that the risks to the outlook for inflation remain within the zone for which the current stance of monetary policy is appropriate. Therefore, the target for the overnight rate remains at 1/2 per cent.
A simple translation? “risks to financial stability are evolving as expected” the known unknowns are known? The unknown knowns are better understood?
My Writings for Week Ending September 11th
With Labour Day being so late this year we are already well into September, however, it is still hotter than most of the summer, 2015 an odd year for weather :
- Over the weekend I continued my best of twitter world with Laboured Personal Finance Tweets of the Week, some fun tweets in there.
- Ironic Labour Numbers on Labour Day for August, not only included the rather ho-hum jobs numbers from last week, it also included a mention of Das Capital by Karl Marx.
- It is that magical time of the year, Back To School and RESP Time, but do you really care about RESPs if you are going to leave the post-secondary school costs to your kids?
Tweet of the week
I found this one in my twitter feed and was horrified when I read the story
Read More »That Day, I Miss Jack, Easy Money and #MoneyStories
Back To School and RESP Time
Back to school and RESP withdrawal time happens in December too (paying for that winter term). Do you have your proof of enrolment yet?
Ironic Labour Numbers on Labour Day for August
Is it ironic when you publish Labour Numbers for Canada in 2015 on the Labour Day weekend? Maybe.
