Canadian Dollars hit Par with USD

First time in 30 Years Importers are thrilled, exporters are finding new ways to adjust. Tourists are reaping the benefits, domestic consumers still can’t catch a break. The new economy is hot, perhaps to hot in Canada, as for the first time since the 70’s...

US Consumer Credit Increases Yet Again

Originally posted in our forum and moved here: Forget about the fact you can’t afford the new car or couch, that hasn’t stopped Americans from spending way more than they earn. US consumer credit rose by a bigger-than-expected $10.27 billion in June on a...

Canadian Trust Funds Explained – Trust Funds 101

Here are tidbits on trust funds: What is a trust?: A company with a special legal structure that allows it to pass profits on to the people who own it without having to pay corporate taxes. It’s a kind of corporate security similar to a share in a company. A...

Standup Economist – Comedian?

[youtube=http://www.youtube.com/watch?v=YgB6mFmYEcM] How many times do you see a stand up economist comedian? That just doesn’t mix. Only funny to economists so beware.

Coinage Materials Modernization Act of 2007

Congressman Luis Gutierrez, Chairman of the Subcommittee on Domestic and International Monetary Policy, Trade and Technology, and Financial Services Committee Chairman Barney Frank have introduced H.R. 3330, the “Coinage Materials Modernization Act of...

Mankiw on China and US Trade

An interesting blog post on why China will become the second biggest trading partner with US displacing Canada and why the US can impose tariffs to slow what appears to be a financial bubble bulge. Mankiw 1028...

PEARSON to Appeal Overzealous Drycleaner Claim

I’m sure we’ve all heard about the nutter lawyer who sued a poor Korean family for lost pants in their drycleaner. The overzealous lawyer lost his 100+ million dollar lawsuit. it now seems some people are fighting back because PEARSON IS GOING TO APPEAL!...

Canadian Fuel Efficient Rebate Yet to Arrive

The feds in Canada have promised cheques for those who invest in fuel-efficient cars and trucks. The problem? 2006 and 07 buyers have yet to cash in. The ecoAuto feebate program, launched in March by the Conservatives, offers rebates of up to $2,000. It also places a...

Mankiw v Blinder Round 2 – Offshore outsourcing

Mike Moffat (writer at about.com) wrote a blog (and posted his thoughts) on a economic ‘feud’ between econ giants Greg Mankiw and Alan Blinder. Here is the initial article from Blinder and the Washington Post article here. The rebuttal from Mankiw on his...