Reports indicate the U.S. economy added 243,000 jobs last month – blowing by estimates and driving the unemployment rate down to 8.3%, a 3-year low. Here at home, since October, the Canadian economy shed almost 50,000 jobs causing the unemployment rate to rise to 7.6%.
Like everything in business, there’s always good and bad news I guess.
Speaking of jobs, no doubt many of them in the service industry will be in high-gear this weekend as people load up their fridges or head into the bars in preparation for one of the biggest sporting events in the world – The Super Bowl. Hundreds of millions of dollars will be spent on food, drink and probably some wagers as well. Coverboy Tom Brady versus stoic Eli Manning in the big game – who are you picking? Patriots or Giants?
I’m going with the Giants. I predict a 27-24 win. Not that I don’t like Tom Brady, I think he’s an outstanding quarterback. He just gets way too much press and magazine coverage. If he wins another big game on Sunday, it’s probably justified…
This week on my blog I announced the slaying of one financial dragon, our line of credit and our work continues long-term on another, our mortgage. We hope to have our mortgage killed off in another 12 years, but it’s a process. We’ll do what we can but reward ourselves for the time being on a job well done.
(Note to self: less red wine this weekend for any celebration.)
Until next week, enjoy the long list of great reads!
101 Centavos told us about Making Money plus four other not your usual personal finance books.
Andrew Hallam told us what cancer and investing have in common.
Mich from Beating The Index gave us some updates on some oil and gas juniors.
Boomer & Echo wrote about the OAS debate, whether raising the age eligibility for Old Age Security (OAS) from 65 to 67 is a good thing. For those that don’t know, in the 1960s, the age eligibility was dropped from age 70 to the current age, 65.
Canadian Capitalist said BlackRock’s acquisition of Claymore is not a good thing for clients, saying “after acquiring Claymore, BlackRock will have 18 out of the top 20 ETFs” based on assets under management.
Dan Bortolotti from Canadian Couch Potato said market forecasts prove worthless again. Come to think of it, weathermen are the same as stock market forecasters. It really must be nice to keep a job when you’re allowed to be wrong most of the time.
Big Cajun Man said “RRSP Season is Here!! OMG!!”
Dividend Mantra provided a Freedom Fund update. Well done Mantra!
Dividend Monk reviewed Chubb Corporation.
Dividend Ninja made a case for investing in bonds. He also had a great post pondering if he should contribute to his TFSA or RRSP? He was kind enough to discuss my strategy in his post. You can read about that here: I’ll maximize my TFSA first.
Financial Highway lists 6 things folks probably don’t know about a home equity line of credit (HELOC).
Kevin from Invest It Wisely wondered what you are doing to turn your discomfort into action. “At some point, beating ourselves up over the mistakes that we’ve made is self-defeating and self-destructive. The past is the past, and in the end, we need to find solutions to our problems.” Well said Kevin.
Susan Brunner reviewed Loblaws.
Larry MacDonald said the Facebook IPO is tempting…but be careful.
Michael James on Money evaluated Steadyhand, saying this company is “a solid choice” for many folks who might have difficulty controlling their financial cycles of greed and fear.
Million Dollar Journey reported his net worth, and he’s inching closer to $1 million before age 35. Amazing stuff!
My University Money had a post about radio stations and regret aversion.
Retire by 40 told us about his cash flow.
Retire Happy Blog discussed the merits of paying down debt over a TFSA contribution.
Sustainable Personal Finance discussed the booze run that saved them close to a grand.
The Daily Thinker wrote about difficult times.
Dividend Guy said Dividend Bubble? Think Again!
The Financial Blogger said I don’t care what you do, you need a newsletter!
“According to the International Energy Agency, world demand will be growing for all energy sources. In 2035, the share of fossil fuels will still account for 75% of world energy consumption.” Read about the growing demand for oil driven by emerging BRIC countries here.
Passive Income Earner shared some thoughts on how to maximize your RRSP.
A guest post on Where Does All My Money Go discussed more changes to the Canadian mortgage industry.
Young & Thrifty has a book giveaway underway today! Click here to win it!
Miss T. wrote about finding your dream job and how to land it.
Rob McLister wrote about the sting of mortgage penalties. Having been there, I can assure you it hurts.
Marissa told us how much commuting is costing her.