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PC Financial Farewell

Farewell PC Financial, Summer Holidays, Bat Guano and #MoneyTalk

It seems PC Financial as a bank is done, and CIBC will create Simplii its own brand name. You will no longer get PC Points for banking, except with your PC Mastercard. For me, it makes it easy to walk away from PC Banking, and move the rest of my secondary banking to Tangerine (for now). PC Banking gave me many PC Points and free banking, so I am sad to see the brand go over the banking horizon (like Canada Trust, Waterloo Trust and others). Farewell free PC Chocolate Chip cookies too .

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PC Financial Farewell
Farewell PC FInancial

If you want to join Tangerine, use my code and I make some money too ( 47979477S1 )

I have taken the summer to spruce up a few things on the web site . Most of what I have done is not obvious, but here are a few highlights:

  • The site is now HTTPS based, which makes it a bit more secure, and if I ever start selling stuff and such, I am ready to go. If you link to me, or have bookmarks, you could update those just by adding the S to httpS .
  • Updating many of my back catalog articles (which if you are on my social media feeds will see them). Still have about 2500 or so to rewrite (or remove), so this will be  a long-term project.
  • Looking at revamping the look of things, but I say that every year.

Politics in the states is now crossed the bat guano insane line. That is all. Mayhem is not  a ladder, no matter what Little Finger thinks.

Interesting thought for the week, NetFlix, while an industry leader, has over $15B in debt, is that good business or bad business? Only time will tell.

Recent Writings

I keep reading about the importance of building up your credit rating, so I figure I might get a rise out of some folk, but Credit Cards Help You Get a Mortgage caused nary a ripple in the internet. Still not sure if your credit card limits still count against your mortgage capabilities, but they should!

I did my 6 month rant about the TD Direct Investing RDSP issues, RDSP Deposit Obfuscations Continue , but I got an interesting comment that I will be pursuing with TD Direct Investing. Seems like my account may be badly configured, because at least 1 reader can make direct contributions to their RDSP account. I will keep you all posted on this.

Micro Blogging

I am experimenting with tweets and Facebook posts that are not full stories, this week a simple philosophical statement by me, that took a while to figure out.

Read More »Farewell PC Financial, Summer Holidays, Bat Guano and #MoneyTalk
RDSP

RDSP Deposit Obfuscations Continue

It is that time of year, when I transfer money into my son’s Registered Disability Savings Plan (RDSP), and I continue to be disappointed by TD. I spoke to a very nice young man on… Read More »RDSP Deposit Obfuscations Continue

credit card rules

Credit Cards Help You Get a Mortgage

Do credit cards help you get a mortgage ? Most financial folks say having credit cards (which you pay off) are good to help build your credit score and thus help you get a mortgage.… Read More »Credit Cards Help You Get a Mortgage

man sitting on slide

Paying Children to Move out, Sears, and #MoneyTalk

How much would parents be willing to pay adult (over 18) children to move out of their house? According to the CIBC it is $24000 , which is a nice round number. I have written about Kippers and children living with their parents, so this data is of interest to me. The CIBC Gifting Poll, suggests there really is a magic number that parents are willing to shell out to get kids to move out. The poll mentions how “… gifts shouldn’t come with strings attached…” but I have no problem, calling a bribe, a bribe.

Estimated reading time: 5 minutes

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Another interesting point is the flood of inheritance money that will be unleashed as the baby boomers pass on their amassed fortunes ($750 Billion over the next decade?). I don’t know many folks that speak openly of inheritance money they expect, but if you know for sure you are receiving it, shouldn’t this be part of your financial plans? It sounds quite crass, but if the money will be arriving some time, why not add it to your plan?

I was disgusted to read that Sears employees are not getting their severance payments, yet, executives are having their bonuses paid. This cuts too close to the bone for a former Nortel employee. Nortel is finally paying out to their former employees (at pennies on the dollar), what the employees are owed. This kind of business bad practices that really does get under my skin.

I think the deepest thought I read in while was, “Hipsters listen to the Best Of albums, but real fans listen to the complete original LPs”. It is deep because there are so many parts of that phrase that my children wouldn’t understand. What is a Best Of album? What is an LP?

Next thing know that this was a major advancement in engineering and finance.

Slide Rule
Behold the Magnificence of the Slide Rule!

I Wrote This Week?

Yes, I did write this week. I have been working a very loose schedule for the past while, I am hoping to step up the pace a bit more soon, but this week I wrote Low Inflation Means No More Interest Hikes ? Will the continued low inflation keep the interest rates low? I don’t think so. The Bank of Canada has been fairly clear that there is too much stimulation in the economy with low interest rates. I am assuming there will be at least another 1/2 point raise of rates if not more, but low inflation may slow other rate increases?

Micro Blogging

I am experimenting with tweets and Facebook posts that are not full stories, but get a point across about the economy, witness this GIC commentary. I would bet there might be a few millenials that might have asked, what is a GIC?

Read More »Paying Children to Move out, Sears, and #MoneyTalk
Inflation by Category

Low Inflation Means No More Interest Hikes ?

It would be imprudent to assume that low inflation, will mean no more interest hikes. The Bank of Canada has wanted to lower interest rate stimulation, and they will continue with this policy. They may… Read More »Low Inflation Means No More Interest Hikes ?

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