Happy International Women’s Day Today is March 8th so let’s celebrate women’s economic and social achievements. I watched an 11min interview featuring a couple of representatives from TD Bank. Ms. Caranci is an economist and Ms. Caskey is a portfolio manager. They mentioned that studies from Credit Suisse and other notable institutions show that corporations with more female board members outperform those… Read More »
Highest Debt Level Ever Credit bureau TransUnion released their quarterly report recently on the credit history of 25 million Canadians. They’ve found that excluding mortgages, we each owe on average $27,485 of debt, which is up $1,500 from last year and a record high. The average balance owing on a Line of Credit (LOC) grew by 2.6%, installment… Read More »
RIM Blackberry maker Research in Motion is doing really well this year :0) The cell phone maker’s stock price has gone up more than 100% since just half a year ago. Many people thought RIM was dead but investors are taking a second look now. As one of Canada’s most iconic tech companies I really hope they can… Read More »
Lower Unemployment Last year ended very positive for the Canadian job market. In December we hired 40,000 new workers and the unemployment rate dropped to 7.1%, it’s lowest point in four years! This number affects both confidence in the stock market, and housing prices. Hope we can continue helping our unemployed and under-employed friends in 2013 and get the… Read More »
Despite being only one week away from the end of the world, here are some news you can use 🙂 – We’re Living Longer The popular medical journal The Lancet published the most comprehensive assessments about health and life expectancy in the world. After researching 187 different countries scientists concluded that people are now living 10 years longer… Read More »
Mark J. Carney, the Governor of the Bank of Canada controls what our central bank does on interest rates. Governors get paid between $431,80 to $507,900. The reason our mortgages are so affordable today, and why Canada didn’t have an economic meltdown during the last recession is largely because of Mr. Carney. Prior to his current job he… Read More »