Scotia Economics

-
While mining for financial information on the Bank of Nova Scotia website today, I came across an excellent link that contains Economics Publications. I read the 2007 year outlook and in offered some interesting information. In the short term Interest rates are expected to be lowered, inflation will remain steady, and commodities are expected to do well with the increase in demand from India and China.

Comments

Post a Comment

Popular posts from this blog

Fed up with Pigsback

-
I received the following in my mailbox today: Dear canadiandollars, We want to remind you of some changes that have taken place this week. Our 'Quiz Quest' promotion, where members could win daily or weekly PiggyPoints in our different Zones has now come to an end. The quizzes that are affected by this change are the Shop & Earn Quiz, Sports Quiz, Travel Quiz, Movie Quiz and the Quirky Quiz. Now that 'Quiz Quest' is over, we will no longer be awarding everyone PiggyPoints for getting the right answer. But don't worry; the quizzes aren't going away completely. You can still answer the quiz questions and be entered into a weekly draw to win 1,000 PiggyPoints for each quiz. This change was meant to take place as of Monday, January 28th, but due to a small problem with the website, you may have noticed over the weekend that you didn't get your PiggyPoints when you were supposed to. Please note that we will be crediting all members who completed quizzes over...
Read more

Monthly status update

-
Savings @ 4%: $35892.30 RRSP: $32444.70 Securities: $29414.58 MBNA Mastercard: $(12,500) @ 0% interest until September 2007 CitiBank Mastercard: $(9600) @ 0% interest until October 2007 I currently have a net worth of about 76K. I'm up about 5K since my last financial status update. Astute readers will notice that I have lowered my cash holdings, increased my RRSP contribution and also increased my securities holdings.
Read more

RRSP vs. saving for a home.

-
There have been a lot of discussions on various blogs lately about the merits of saving for a RRSP vs. paying down a mortgage. As someone that has plans to purchase a family home in about 4-5 years, my situation is slightly different since I don't have a mortgage yet. While the home buyers plan will allow one to withdraw up to 20,000 to put towards the downpayment of a home is nice, I don't think it is realistically enough for someone living in Toronto. A detached home in Toronto will cost at least 350K. With that in mind, I am trying to diligently save as much for a downpayment as possible. The ideal situation for me is to accumulate about 200K for a downpayment. I believe that this is very possible if I save about 20K a year and my rate of growth is at 6%. So for my case, I think it makes sense to keep as much of my money outside of my RRSP as possible for now. There are some that argue that I should do both - maximize my RRSP and use the remaining amount to put toward...
Read more