Featured Article
Like so many other things that were once affordable, owning pets is increasingly pricey.
One of the few joys still available to the average household is a pet. At least this is what I thought until I read 5 money-saving tips people hate, which included the lifetime costs of caring for a pet.
It turns out Poochie and Kittie are as unaffordable as college, housing and healthcare (and pretty much everything else). Over the course of 15 years, small-dog Poochie will set the owner back an eye-watering $17,560 to $93,520, while big-dog Fido costs $22,025 to $82,929 over 12 years.
Kittie is a relative bargain at $16,800 over 15 years…..CLICK for complete article
The Christopher Columbus of central banks has discovered what everyone knows – Canadians are burning equity. A LOT of it. Bank of Canada (BoC) staff have concluded homeowners are extracting a lot of home equity. Consumption and the economy are boosted by the home equity extracted. However, the more significant the sum extracted, the more vulnerable the economy becomes to a housing correction.
The Collateral Effect
The withdrawal of home equity tells us a lot, but today we’re focusing on the collateral effect. This is when people extract home equity to spend, as home prices rise. What’s the point of being a multi-millionaire bungalow owner, if you can’t have a few toys – right? This spending helps to propel the economy. It’s a twofer – home prices rise and the economy gets a boost. Score!
BoC researchers warn, this is a problem if the collateral effect contributes meaningfully. If home prices fall, the equity-based spending disappears. Combine that with slower sales, which leads to lower spin-off economic activity. A decline in home prices is no longer just a hit to paper-based wealth. It has a significant impact on the general economy, and employment. Oxford Economists have been discussing the collateral effect’s role in the US and UK, since the Great Recession….CLICK for complete article
This fascinating infographic from Visual Capitalist perfectly illustrates how early adopters in the construction sector are benefiting from emerging technologies ~ed.
The rate of digital disruption is escalating in almost every industry. However, despite being one of the fastest-growing industries globally—construction has been one of the last to get hit.
Today’s infographic from Raconteur ranks the adoption of emerging technologies that will have a major impact on the industry’s processes and bottom line. The technologies help solve four major challenge areas that the construction industry struggles with: productivity, safety and training, labor shortages, and collaboration.
Which technologies could improve the lives of industry workers, and which technologies may pose a threat to their…Click here for full article.
Colin Bowkett of Venturewerx.com returns with a humble brag about one of his last picks (Atlas Engineered Products TSX:V – AEP) – and some brilliant numbers for a brand new big fat idea.
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Mike’s Editorial
Posted by Michael Campbell
on Saturday, 21 September 2019 11:10
Yes it’s hurtful and hypocritical but the blackface scandal is also obscuring other important issues – from the lack of clean drinking water on some First Nations Reserves to the fact that only 13% of Canadians feel better off compared to 2015.