- The Finance Department’s decision to scrap 40-year mortgages and requiring homeowners to come up with a downpayment of 5% received widespread press coverage. Ellen Roseman of The Star says that the urgent reason is to protect tax payers in default rates increase. The Globe and Mail’s Rob Carrick says that aspiring homeowners need to rediscover the art of saving for a house. Not to mention, home ownership may not be everyone.
- Quoting Sir John Templeton, the Wealthy Boomer wonders if we are at the point of maximum pessimism and finds that some experts think that there is more pain to come.
- Triaging my way to Financial Success pays homage to Sir John Templeton.
- Thicken my Wallet offers tips on writing an effective resume.
- The Money Gardener celebrates a personal milestone: $2,000 in dividend income.
- If you are a trivia buff, you’ll like Preet’s post on the composition of Canadian dollar bills.
- Tom Bradley (of Steady Hand) on the confessions he’d like to hear from money managers, banks, economists, CEOs etc. The possibilities are just endless.
- Million Dollar Journey discovers the Visa Infinite Credit card.
- Larry MacDonald writes that Canadian banks might take advantage of the credit crisis by picking up bargains in the US.
- The Personal Finance Network round up will run tomorrow.
Have a great weekend everyone!
