- The Bank of Canada decided to stand pat and gave no signals on the direction of rates in its interest rate decision this week. The prime rate to which personal loans and variable-rate mortgages are tied remains at 4.75%.
- With markets resuming their downward trend once again (it took the TSX just 3 trading days to drop more than 1,000 points), William Bernstein’s column in Money is a timely reminder to stay sane in a wild market.
- It is entirely predictable — investors are reacting to the market turmoil by flocking to the safety of money market funds. Rob Carrick makes a persuasive argument to start investing the mountains of cash accumulating in money market funds.
- What happens to mutual funds that sport truly disastrous performance numbers? Why, they get merged with a better performing fund and get a “past performance” makeover! Jon Chevreau writes about a recent example of this practise.
- Squawkfox is offering an e-book filled with fabulous food and fitness ideas for new and existing subscribers.
- Investing Intelligently debunks the reasons indexing may not be for you.
- Million Dollar Journey reviews the book – Work the System.
- It ain’t easy but Michael James suggests cheering a bear market.
- Canadian Mortgage Trends thinks that the days of the cash back mortgage may be numbered and points out that it is a bad deal for homeowners.
- Picking stock market bottoms is a tricky business but Larry MacDonald wrote about a Legg Mason report that suggests a bottom is in place.
Have a great weekend everyone!
