The results of the latest National Household Survey was published by Stat Can. The survey represents people’s income and household situation in 2010. The data shows that more than 95% of the 27.3 million Canadians aged 15 and over received some form of income in 2010 which totaled $1.1 trillion. The study also points out that over half of… Read More »
Read an article describing the current lifestyles of many young Americans. According to a Pew Research Center analysis, 36% of adults between 18 to 31 were still living with their folks in 2012. It used to be 32% just 5 years ago. I’ve heard people are getting married later in life. Maybe leaving the nest later is part… Read More »
Earlier this week Detroit, Michigan filed for Chapter 9 bankruptcy protection. If the filing is approved then basically it means the city’s assets are protected from debt collectors. If a person buys a home or a car and is delinquent on their mortgage payments then the lender has the right to evict the person and sell the house… Read More »
Earlier today Loblaw Co., Canada’s largest grocery chain announced they will buy Shoppers Drug Mart, Canada’s largest pharmacy chain. The executive chairman of Loblaw (L:TSE,) Galen Weston, said this would create opportunities for brands from the two chains to appear in each other’s stores, and that the merger would give Loblaw greater buying power for health and wellness products.… Read More »
According to a new study by the CGA Association of Canada, 1/3rd of Canadians are living paycheck to paycheck 🙁 The consensus was that the people surveyed believed their incomes were not “keeping pace with the cost of living.” Sigh (-_-;) If only they understood how to hedge their expenses against inflation protected investments like consumer staples that have a… Read More »
To become rich we should try to maximize our earnings and minimize our expenses. Here are two simple ways to do it by adapting. First, on the earnings side, we can take advantage of unfair market forces to increase our investment potential. For example Canada’s telecommunication sector is an oligopoly with over 90% of the wireless market owned… Read More »