Category Archives: Economics

Will interest rates move higher next year?

Yes, rates will probably be higher in 2022. But not as much as people might think. Inflation is stubbornly high. We’ve been above the Bank of Canada’s target rate of 2% since March, and the rising cost of living doesn’t seem to be even slowing down.   This prompted the top economist at Scotiabank, Derek Holt to predict… Read More »

Don’t feel guilty about taking government benefits

One of the great advantages of living in Canada is the generous government benefits system. Had a baby? Take some tax-free child benefits. Lost your job? Apply for employment insurance benefits (EI.) Making low income? There are multiple assistance program for you. 🙂 But one dilemma facing the financial independence/early retire community is whether or not we should… Read More »

Skin in the game | Dealing with asymmetric outcomes

The world is not fair Personal finance is like peanut butter. You can’t spread it too thin.😀 That’s why there are consequences for taking risks. But sometimes people can reap the rewards for their actions, but not accept any of the risks. Wall St. executives walk away with millions of dollars while their clients lose money. Pro war… Read More »