Canadian Economy Continues To Soar

Canadian Economy Continues To SoarCanadians appear to be a vehicle-buying mood, according to July figures in the latest Global Auto Report from Scotia Economics. It says Canadian sales advanced to an annualized 1.65 million units last month, lifting volumes at several automakers to the highest July on record. It was the second monthly rebound in a row after a weak performance in May…

Read More >>

Iggy to Harper: ‘We make the rules!’

Iggy to Harper: 'We make the rules!'Liberal Leader Michael Ignatieff’s campaign-style tour rolled through Nova Scotia Sunday, where he thundered at Prime Minister Stephen Harper, was told to move back to the U.S., and won the endorsement of one of Canada’s most well-known singers – Big Pond’s Rita MacNeil. Ignatieff began the day outside a Tim Hortons in Elmsdale, N.S., in Liberal Scott Brison’s riding, where he hit Harper over a quip the prime minister made…

Read More >>

Canadians brace for higher health costs: poll

Canadians brace for higher health costs: pollCanadians are concerned their quality of health care will decline from the strain posed by aging baby boomers, a new poll suggests. The Canadian Medical Association carried out the poll as part of its annual report card focused on access to health-care services. Nearly three quarters of Canadians surveyed agreed urgent changes to the health-care system are needed to provide today’s level of care to the baby boom generation. “This…

Read More >>

How To Make Your Mortgage Interest Tax Deductible

How To Make Your Mortgage Interest Tax DeductibleFor US homeowners, mortgage interest is automatically tax deductible. But for Canadians, the write-off is not so straightforward. In order to make your mortgage interest tax deductible, homeowners must be able to prove that the money is being reinvested and is not being used for personal expenses. A properly structured mortgage-centric tax strategy has several key elements – the most important of which is a multi-component, readvanceable mortgage or line…

Read More >>

How Canada Avoided A Bank Bailout

How Canada Avoided A Bank BailoutA helpful guide as to why Canadian banks avoided the global financial collapse of a few years back spearheaded by the American banks disastrous mistakes.  It also goes into detail as to how the American banks woes are affecting Canadian ones.

Read More >>

Loonie’s Strength To Invest In Eagle Market

Loonie's Strength To Invest In Eagle MarketI actually like what is going on in the markets right now as I believe there is a huge opportunity for us to make money over the long term. While many investors thing the stock market is sick, I’d say it is just another rough patch to ignore. The good side of things is that our Canadian dollar is still pretty strong (fluctuating between $0.95 and $1.00 US) and the…

Read More >>

Why banks aren’t paying higher interest rates

Why banks aren't paying higher interest ratesSo far in 2010, Canadians have opened 20 per cent more chequing and savings accounts than last year at this time. That amounts to about $100 billion in new deposits and Canada’s major banks have been fighting for a share of it with incentives, including cash rewards for customers opening new accounts. While consumers can get cash and travel points to open a new account, there is one conspicuous weapon…

Read More >>

Where’s the truth in labelling?

Where's the truth in labelling?I often take guided tours in places where I’ve never been. It’s annoying when you’re taken to a souvenir store and forced to wait for everyone in your group to finish shopping. It’s an unspoken truth that tour guides get a commission on everything sold in shops where they direct customers. But the truth is getting out. I saw a sign in a market warning that guides earned 30 to…

Read More >>

How much money do you need to feel ‘rich?’

How much money do you need to feel 'rich?'How much money do you need to feel rich? Wealth is a subjective concept, but one thing is universal in most definitions: being able to live a comfortable life without having to work. “I’d like to have enough money so my family and I wouldn’t have to work anymore or worry about the necessities, and maybe travel a bit,” said Deborah Veale, a Southern California resident visiting New York City….

Read More >>

Clutter And The Curse Of The Pack Rat

Clutter And The Curse Of The Pack RatSome time ago there were a string of posts on various blogs about clearing out “stuff” from your life. At around the same time, my favourite essayist Paul Graham posted an aptly titled essay “Stuff” on his site. Taken together, the general consensus seems to be that we are all struggling to deal with an abundance of material possessions, and the sad reality is that these possessions aren’t worth anywhere…

Read More >>