This blog post is a follow-up to my April 2022 post “How Do You Like Them Apples?” which discussed the rising inflation and interest rates that were experienced in Canada in early 2022. In an effort to reduce inflation, The Bank of Canada (the Bank) started increasing its benchmark interest rate on March 2, 2022.Continue reading “What Goes Up Must Come Down… Eventually”
Tag Archives: debtmanagement
How Do You Like Them Apples?
I couldn’t resist the chance to start a blog post with a quote from one of my favourite movies… Good Will Hunting (1997) starring Matt Damon, one of my favourite actors. Yet I digress… The truth is, with the price of apples these days, you had better like them apples an awful lot! I recentlyContinue reading “How Do You Like Them Apples?”
Setting Goals for 2022
Happy New Year! The start of a new year is a time of reflection, with thoughts of making life changes to improve on things that might not have gone as planned in the past. Some decide to formalize these planned changes as resolutions. However, despite the best of intentions, more than half of all resolutionsContinue reading “Setting Goals for 2022”
Let’s Talk About Debt, Baby
According to Statistics Canada, Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter of 2020. FP Canada reported from their Financial Stress Index 2021 that 39% of Canadians say that paying down debt would reduce financial stress. Credit Counselling Canada reported that the top three causes ofContinue reading “Let’s Talk About Debt, Baby”
Life Lessons 