Credit Canada

As we all heard in the federal budget, we are to get out there and spend our well-earned dollars (or well-earned credit) on home renovations to help in doing our part to boost the economy.  I am well aware of the stimulus package and the need to spend our way out of a  recession but in these  unprecedented times, where debt levels are at a record high and savings rates at a record low, this seems ludicrous to me. (more…)

Now that the holidays are officially over a lot of us are bracing ourselves for the bills we’re going to receive this month. Overall, Canadians did pretty good in terms of spending this year, managing to decrease their spending by about 9%, but you wouldn’t have known it in the days following Christmas. Malls were crowded and people waited in lines outside of stores in the wee hours of the morning, ready to throw that plastic on the counter and take advantage of the sales. Did we forget about all the headlines? Did we forget that we’re in the worst economic downturn of our time? (more…)