Wow, amazing how fast the week goes….
In financial news, our Bank of Canada (BoC) met this week and held their key interest rate at 1.00%. The BoC continues to give “indications” that interest rates will rise, but not in the immediate future – not until late-2012. This is certainly great news for folks shopping for a home and folks who have an existing home mortgaged via a variable rate product, but this does absolutely nothing (in my opinion) for the saver in you or me. Kinda frustrating actually.
This move causes me to pause and think about our economic climate in more detail:
- Is our Canadian economy really that bad we cannot afford a small rate bump?
- Is the U.S. economy holding everyone down?
- Is this merely a confidence issue?
- Is this simply a political issue?
- Is this all the above and much, much more?
I continue to question BoC’s logic. I think a small bump in rates would be a good thing. Do you?
Bank of Canada decisions aside, I’m significantly more inspired by these folks who really know their stuff – bloggers I’ve highlighted for this weekend’s reading edition.
I encourage you to take some time and check out a few articles!
Onto the list my friends…
Rob Carrick wrote about the 20 things that baffles him even after more than a decade as a personal finance columnist.
Susan Brunner shared some interesting remarks from The Money Show in Toronto this week.
Dividend Monk gave us a few investment options to help us deal with inflation. The great Monk also provided his readers with a detailed stock analysis of Harleysville. (Just in case you are wondering, no, this is not where all the Harley-Davidson motorbikes are made).
Kevin from Invest It Wisely discussed personal finance and life lessons from The Lion King.
Balance Junkie was nice enough to include me in her roundup of great reads from the month of August. Check out her post here!
The ever-insightful Dividend Ninja, asked is Intel is a good buy?
Dividend Mantra asked what are you buying? He also gave us his dividend income update for August 2011. On the same theme, Dividend Mantra shared his September 2011 freedom fund update.
Dan from Canadian Couch Potato wondered if gold is really a hedge against inflation.
Preet Banerjee gave us a quick overview of quantitative easing. He also said the investment management business is really quite simple.
Michael James gave us lots of (fun) reasons to celebrate gold!
Dividend Guy Blog provided a comprehensive list of TSX dividend yield and ex-dividend dates. He also encouraged folks to vote for his Dividend Investing ebook. I thought his ebook was excellent. My vote has been cast 😉
Boomer & Echo wrote about long-term care insurance and asked if you need it.
Sustainable Personal Finance discussed cross border shopping.
Passive Income Earner outlined his guide and some reasons for DRIPping. He has inspired me to write a post about the same. Stay tuned for that!
Canadian Mortgage Trends offerred a polite and detailed rebuttal to Boomer & Echo’s post “Why I Don’t Use A Mortgage Broker”. The folks at CMT think you should consider otherwise.
The Wealthy Canadian (TWC) wrote another collection of excellent posts this week. I have no idea how he finds the time, the energy to write so much, but I’m grateful all the same. He broke down Rob Carrick’s Guide To What’s Good, Bad And Downright Awful In Canadian Investments Today in a two-part series. You can read Part 1 here or Part 2 here.
TWC listed 10 things you probably didn’t know about millionaires. He also provided a detailed rundown of the consumer staples sector of this portfolio. Very impressive folks.
Canadian Capitalist told us about a useful tool to navigate through the maze of credit card options.
Jim from Retire Happy Blog wondered about the importance of financial routines for financial success. He also provided his contribution to the 7 Links Project. Great articles Jim!
My University Money asked what courses “do I sign up for if I don’t know what I want to do?” My quick take: take a science course (science is everywhere), take a business course (you have to manage some finances, some day) or take a communications course (one can never be too proficient at communication(s)).
Mike from Money Smarts Blog informed us how to find a fee only financial advisor.
Have a great, safe and enjoyable weekend folks! Chat with you next week!