Canadian Capitalist

1. With just 20 shopping days left till Christmas, popular personal finance author David Bach offers some valuable holiday tips.
2. National Post columnist Jon Chevreau notes that Canadians spend an average of $1,310 over the holidays and suggests ways to be merry while staying solvent.
3. The Bank of Canada announced that it is holding interest rates steady. The prime interest rate charged by the major banks stays at 6%. The wording of the announcement suggests that the Bank is likely to hold rates steady in the near term.
4. The Canada Revenue agency warns against buy-low donate-high charitable donations arrangements. Be suspicious of any arrangement where the tax receipt is larger than the actual donation. (Jon Chevreau wrote about this topic in a blog post).

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