Today the CRTC rule about phone companies not being allowed to impose penalties for breaking contracts after 24 months becomes a reality! No more 3 year cell phone contracts! Today (June 3rd, 2015), the CRTC’s… Read More »Happy End of 3 Year Cell Phone Contracts Day!
Is allowing your insurance company to get access to the data on your fitbit an invasion of privacy, even for reward points ?
On Wednesday the Bank of Canada decided that the Canadian Economy is still in need of stimulus, so there was no change in the key overnight rate (which remains at 3/4% for now). The decision is nicely summed up in the final paragraph of the short statement:
Although a number of complex adjustments are under way, the Bank’s assessment of risks to the inflation profile has not materially changed. Risks to financial stability remain elevated, but appear to be evolving as expected. Weighing all of these risks, the Bank judges that the current degree of monetary policy stimulus remains appropriate and therefore the target for the overnight rate remains at 3/4 per cent.
It seems like the Canadian economy is like our kids, hooked on a high sugar (stimulant) diet. There is a statement about the “Bond Backup” so again, we shall see where this all might lead.
As of next Wednesday (June 3rd), the new CRTC guidelines in terms of contract length will be law. This means folks (like me) who signed any contract before June 3rd, 2013, can walk away from the contract with no penalties (no penalties are allowed after 24 months of the contract), so there may be a whole bunch of great new deals coming up in the near future.
How much is this great new plan for Sick Leave for Civil Servants going to cost? We may never know since the Feds don’t seem obliged to publish the price points for their new plans. Yes, the abolition of the current system is going to allegedly save $900M but the savings going forward with the new system being proposed is not as clear.
Dirty Football? No, I am not talking about Deflate-gate, it seems 7 FIFA officials have been arrested in Switzerland, and charged with receiving bribes. Doesn’t seem that surprising to me, how else can you justify having the Football World Cup in Qatar? Corruption in FIFA? The next thing you’ll be telling me is there are corrupt politicians!
Hockey continues to linger, as does the NBA, but the CFL will start soon, as will the NFL. Plenty of things to enjoy on TV, but maybe I should be outside enjoying the sunny weather:
Inflation in 2015 were still quite low, but again, it was an illusion thanks to the yo-yo’ing of gasoline prices.
I give you some frustratingly correct financial answers that seem obvious, but if they were obvious why are they frustrating?
