This and That: Bank of Canada Interest Rate Decision and more…

1. The Bank of Canada decided to keep interest rates steady at 1/4 percent. The Bank noted that GDP growth in the second half of this year could be stronger than projected but the strength of the Canadian dollar remains a risk to growth. The Bank currently expects to maintain interest rates until the end of 2Q 2010.
2. Where Does All My Money Go?’s Preet shared his views on financial matters for 20-somethings with Rob Carrick.
3. Paul Krugman, winner of last year’s Nobel Memorial Prize in Economics, explains how last year’s meltdown has shattered assumptions among economists that people are perfectly rational and markets are perfectly efficient. It’s a wonderful column, check it out.
4. The Wealthy Boomer added his comments to Kiplinger.com’s Seven Lessons From the Meltdown.
5. Oh Boy! Larry MacDonald reported that basic cable fees could increase by as much as 15% to 33%.
6. When it comes to the stock market, it pays to ignore all the noise and remain invested (provided, of course, an investor has a sensible plan). Michael James on Money points out that the TSX 60 is trading at the same level it did last October.
7. Million Dollar Journey wrote about the importance of taking baby steps towards financial goals.
8. Four Pillars notes that refinancing a mortgage may not actually save any money.
9. Canadian Financial Stuff pointed out the importance of teaching kids to be frugal when they go back to school.
10. With wildfires raging in British Columbia this summer, Squawk Fox had been ready to leave at a moment’s notice. She taps into her experience to write about the 5 ways to be prepared for natural disasters.

Have a great weekend everyone!