In this topsy-turvy world economy which sees jobs being slashed, countries going bankrupt and no one bidding on my reasonably-priced Ebay items, there is one thing you can depend on. The bank.
No- not any bank, just any Canadian bank. According to the new World Economic Forum, our banks are the soundest in the world, beating out Sweden, Luxemborg and Australia for the top prize.
I know that if Canada went into a recession it would be bad – in theory – but so far, I must admit I like what’s going on right now. Gas is suddenly cheap (ish) again! Interest rates are going down! Real estate prices are going down! And our money is safe and cozy in the banks, gaining miniscule amounts of interest. The only drawback is that our currency is also going down but as long as it doesn’t start cramping my upcoming trip to Disneyland, I’ll deal.
Now if I only I could get all my credit cards to lower their interest to say-1% - and all would be well with the world.