Description: The price of crude oil has been dropping, with the price per barrel down about twenty per cent in the last thirty days. Then why are prices at the pump still so high, with drivers in British Columbia paying up to $2.39 per litre, the highest in North America? Part of the problem stems… Read more »
Posts Categorized: Student life
Description: Canada Jetlines took off this week. That gives Canada four discount airlines, the other players being Flair, Lynx, and Swoop. Customers love the bargains that discount airlines offer. A number of experts, however, wonder if there is room for all the discounters. Will an airline bankruptcy be in the offing? Date: September 24, 2022… Read more »
Loading up on Debt
Description: Canadians are taking on more debt with Statistics Canada telling us that debt per household in Canada is now 181.7 per cent of income. This figure is up from just under 180 per cent in the previous quarter. According to Ksenia Bushmeneva, an economist with TD Bank, “the selloff in financial markets earlier this… Read more »
Restaurant Prices Up
Description: It’s probably no surprise that with inflation cranking up the food prices in the grocery stores that it would also cost us more to eat out. According to Restaurants Canada, we will see the cost of dining out increasing by 7.8 per cent by the time we say “goodbye” to 2022. Rising costs for food… Read more »
Help with Inflation
Description: The Government of Canada is directing financial relief to citizens with lower income to help them deal with this current inflationary environment. One measure is the doubling of the Goods and Service Tax Credit (GSTC) for those with family incomes under $39,826 in 2021. A second measure, the Canada Dental Benefit, will provide cash… Read more »
Managing Your Finances at School
Description: School is starting once again. And perhaps your most important financial skill in these inflationary times could be learning to budget. A budget is simply a plan where you determine what is coming in (like your part-time earnings, student loans, summer savings, and help from parents) and then deduct all your expenses (housing, food,… Read more »
Back to the Office?
Description: With Labour Day in the rear-view mirror, many employers are calling for their employees to return to their offices, following the Covid-19 work from home phenomenon. Banks and large legal firms seem to be leading the way on this front, insisting that employees spend a certain number of days in the office, despite the… Read more »
Bargain Hunter’s Delight
Description: Quick Pick is a bargain hunter’s delight with two locations in metro Ottawa. Quick Pick stocks items returned to online retailers like Amazon, creating value by providing a convenient way to deal with this inventory. New stock arrives every Friday, with all items starting at $25.99. Prices decline daily throughout the week, and, by… Read more »
Collusion on Beef Prices?
Description: News came this past week that Canadians may be getting a bit of relief on rising food prices, at least where the cost of beef is concerned. Four meat packers, which together control 85% of Canada’s beef market, face a class-action lawsuit alleging that “the price of beef was fixed at an elevated, anticompetitive… Read more »
Ask for a Raise!
Description: With rising inflation in Canada, workers are asking for raises to keep up with the costs. If they don’t get one, they are showing an increasing willingness to move on to a new job. This change in employee outlook is quite intriguing. James Orlando, an economist at TD bank, said that “workers have not… Read more »