At times, you may need to go in debt for something that's really important to you but does not provide a financial return. There is no financial 'safety net' here to protect you, so proceed with caution.
We've filtered through our favorite news sites and here are the articles we're talking about around the office.
- Bank of Canada Cuts Rate to 50-Year Low
- Net gen-ers deserve more credit
- Canada's banking system a model for others: Harper
- Hockey tickets most requested for 2010 Olympics
- Consumers Feel the Next Crisis: Credit Cards
- Economy to rebound by 2010: Bank of Canada
- Ottawa takes action to boost inter-bank borrowing
- Dion to stay on until Liberals elect new chief
- Buy American. I am!
- Harper reveals six-point economic plan
The Bank of Canada cut its key interest rate on Tuesday by three-quarters of a percentage point, to 1.5 percent, a 50-year low. [more]
Todays youth are plugged into the world in more ways than one, according to the author of a new book that explores the so-called Internet generation. [more]
Canadas financial system, which is weathering the economic storm better than most countries, could serve as a model for other nations, Prime Minister Stephen Harper said Thursday. “We certainly have not avoided all of the pitfalls that have occurred in other countries, but they've been much more limited,” he said after a meeting in Toronto. [more]
Ticket requests for the Vancouver 2010 Games are moving at an Olympic pace with just one day left to put in an order. The Vancouver Organizing Committee says the ticket request volume has surpassed expectations and a lottery process will be needed for several sporting events that many people hope to see. [more]
First came the mortgage crisis. Now comes the credit card crisis. After years of flooding Americans with credit card offers and sky-high credit lines, lenders are sharply curtailing both, just as an eroding economy squeezes consumers. The pullback is affecting even creditworthy consumers and threatens an already beleaguered banking industry with another wave of heavy losses after an era in which it reaped near record gains from the business of easy credit that it helped create. [more]
The Bank of Canada predicts we will avoid a recession -- but just barely -- and says growth will be slow and insignificant for the foreseeable future. [more]
Canada will follow steps taken by other governments around the world by guaranteeing inter-bank loans in an attempt to stimulate lending and boost the slowing economy. [more]
Liberal Leader Stephane Dion announced Monday that he will stay on as head of his party only until the next party convention, when he will step down so the party can choose a new leader. [more]
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary. [more]
Fresh off his election victory, Prime Minister Stephen Harper announced a six-point economic plan Wednesday that includes a first ministers conference and the reconvening of Parliament this fall. [more]