1. US markets officially entered correction territory this week. The S&P 500 is down 12.2% from its April 23 high. The TSX Composite is doing slightly better — it is just 7.5% off its peak so far. Bonds are doing their job in providing ballast to a portfolio: yields are down sharply from recent peaks. You can almost smell the fear in the markets.
  2. Barely a few weeks back, an increase in interest rates seemed to be a done deal. No longer. Economists are putting the chances of an interest rate hike by the Bank of Canada on June 1, 2010 at 50-50.
  3. Rob Carrick took a look at new travel credit cards and found that many offer enticing sign-up deals.
  4. How much should you allocate to foreign stocks in a portfolio? John Heinzl talks to three investors and gets three different opinions.
  5. Estimating and tracking net worth are important tasks but some people obsess too much over the numbers.
  6. Preet is giving away an iPad. He swears that it is not an attempt at bribing readers to vote for him in the Best Blogs Poll.
  7. Jon Chevreau wrote about the importance of accounting for human capital in asset allocation decisions.

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That’s it for this week. Have a great weekend everyone!