1. The Bank of Canada boosted interest rates by 1/4 percent earlier in the week. In the accompanying statement, our central bank noted that any further increases will “weighed carefully against domestic and global economic developments”. Variable-rate mortgages and lines of credit have become more expensive as lending institutions immediately boosted the Prime Rate to 2.75%.
  2. Rob Carrick wrote that Canadians are preparing for rising interest rates by sharply easing up on debt. It is especially noteworthy that one quarter of Canadians with mortgages either accelerated their monthly payments or made a pre-payment on their mortgage in the past year.
  3. Preet is celebrating the third anniversary of his blog by giving away an iPad and other goodies. Congratulations Preet!
  4. With so many investors chasing commodities, Larry MacDonald wonders if commodities can continue to provide the equity-like returns they did in the past.
  5. Michael James clarified that commodity investing really means investing in commodity futures contracts, not the actual commodities themselves.
  6. Million Dollar Journey wrote a two-part series on deciphering the insurance puzzle. The first part dealt with mortgage, mortgage life and term insurance.
  7. Money Smarts Blog calls Rob Carrick’s Guide to What’s Good, Bad and Downright Awful in Canadian Investments a great book for Canadian investors.
  8. Squawk Fox has put together a nifty windfall planner worksheet, which could come in handy if you win one of those $50 million jackpots (or even something less).
  9. My Own Advisor explains the basics of a locked-in retirement account (LIRA), how it differs from a RRSP and how he manages his own LIRA.
  10. In Search of Salt says that if you don’t know cars, know your mechanic.

Just a quick reminder that you can read my posts in your favourite reader or delivered by e-mail. Have a great weekend everyone!

This article has 10 comments

  1. Thanks for the mention. Have a good weekend.

  2. Thanks for the mention! I appreciate it.

    Have a good weekend.

  3. I think the Bank of Canada doesn’t really want to provide any sort of forward looking guidance which may result in them painting themselves into a corner. So, I think they’re being intentionally vague in order to give themselves the wiggle room to do whatever they want at their next policy meeting. Just one man’s opinion.

    • Canadian Capitalist

      @Phil: I think the Bank simply cannot say for sure how the inflation and growth will evolve. Still, I’m personally all for bringing interest rates to a normal level. At least, we’ll earn a bit more on our savings 🙂

  4. Think I’ll wait till I win the $50 million before reading the windfall planner sheet.

  5. Thanks for the link Ram – +5 entries for you! 🙂

  6. Pingback: This and That: Interest rates, debt and more… | MoneySense

  7. Thanks for the link.

    I need to get going on getting points for Preet’s awesome giveaway…


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  9. Hey CC! Thanks so much for the linky mention. I think Preet gives away an iPad every few weeks. 🙂