Canadian Capitalist

1. The Bank of Canada raised short-term interest rates by 25 basis points today. Despite the strength of the Canadian dollar, the bank says, “some modest further increase in the policy interest rate may be required”.
2. Just when a recent Royal Bank survey reveals that the housing market might be cooling down, the Canada Mortgage and Housing Corporation (CMHC), which insures mortgages, will be offering loans amortized over 30 years. While monthly principal and interest costs will be lower, consumers will end up paying much more in interest.
3. I am slowly reading through the Berkshire Hathaway annual report. Many bloggers have posted their thoughts on the report, but serious investors would want to read it themselves.
4. Roger Ibbotson lists the five common behavioral mistakes that investors make in an excellent column on MSN Money.

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