TD E-Series RESP Beartrap
If your TD E-Series RESP is in a TD Mutual fund account, taking your money out is not going to be straightforward. Good funds, bad account, read why. Might be better to just hold them in a real trading account.
Best Financial on Twitter This Week
My Twitter feed is actually quite bloated, and it is getting harder to find good financial tweets these days, so I end up doing “Twitter research” for this piece and find tweets I didn’t even… Read More »Best Financial on Twitter This Week
Canadian Economy on the Edge, Frigid Temps and #BestThisWeek
It’s evident that the Canadian economy is on the verge of a major bust due to the sharp decline in the price of oil. The situation is dire, and there’s a high probability that it may plummet soon. Layoffs in Alberta are just the beginning of the ripple effects that will soon be felt across the country. The US economy could experience a surge due to the lower oil prices, leading to a significant divergence in the neighbouring economies’ trajectories. This scenario poses several challenges that need to be addressed urgently.
- A quickly weakening Canadian Dollar means many imports are going to get very expensive (very quickly). The other side of that sword is Canadian exports (that are not commodity based) suddenly get cheaper (to the rest of the world).
- American investments in your RRSPs will strengthen with the weakening dollar, but Canadian stocks may take a hit, due to the weakening economy.
- Interest rates? Could go either way really, given imports will increase in price, but gas prices continuing to drop may offset.
Buckle up folks this is going to be a very rough (economic) ride ahead.
In Ottawa we have been having our standard bitter cold (not bitter cold like in Alert, but still cold), which means the Rideau Canal skateway is open, and driving is quite exciting with all of the black ice. Too bad it’s going to cost more to vacation down south this winter (again with the weakening Canadian Dollar).
Repeat Site note: If you feel so inclined my site now has a cert, so you can now read https://www.canajunfinances.com if you so choose. I am still knocking the kinks out of things, but it should work just fine for you.
My Writings for Week Ending January 16th
I turned 54 this week, life continues on, but I am 1 year closer to my retirement. Maybe (and more likely, maybe not):
- I still remember with great fondness my Mum canning and making preserves at home that was why I was so happy to hear that 2015 is the Year of the Mason Jar, yipee!
- There are less jobs but more full-time jobs, hence the thoughts on Jobs? In Canada? In December ?
- This past Saturday I tried out a new idea with Financial Tweets of the Week, seemed relatively well received, I may try it again this weekend, we shall see.
- Frigid Temps, Plunging Oil, Paris and #BestThisWeek was the start of 2015 overview of the week.
The Financial Year of the Mason Jar
Using Mason Jars to create preserves and such is a money saving idea, whose time never went away. You know what is in your foods, if you make it yourself.
Jobs? in Canada in December?
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