Some quick news from around the world
- The Canadian Dollar reached a 3 month high relative to the USD as oil and metal prices became stronger. Time for some cross border shopping?
- Our country’s trade deficit unexpectedly soared to $1.8 billion in June. This means we are importing more stuff than selling to other countries.
- China’s export growth slows, which signals the global economy is weakening. I would take any numbers coming out of China with a grain of salt.
- The nearly bankrupt U.S. Postal Service reported a $5.2 billion loss for the quarter and warned it will miss benefits payment. Uh oh, maybe those public sector jobs with great benefits and pensions aren’t as safe as I thought they were.
- US Government won’t prosecute Wall Street firm Goldman Sachs in a financial fraud probe. I guess there’s no point to investigate them because investment banks are always innocent right?
Some interesting articles from other financial bloggers around the web
The Passive Income Earner asks the question many Canadians are wondering; is RIM a good investment?
Free Money Finance gives 5 tips to make your career more rewarding if a raise isn’t a option.
My Money Design explores the phenomenon behind how poor people can seemingly afford expensive toys.
The Starving Artist weighs the pros and cons of investing by yourself or with a financial advisor.
The young lass at Add Vodka shares her knowledge on how to save money on road trips.
Your PF Pro wrote a great post on human capital, which you should all be familiar with by now.
Random Useless Fact: This little critter below is called the skeleton shrimp. They’re no bigger than your pinky finger but they’re one of the most creepiest things I’ve ever seen (；ﾟдﾟ)