Bank of Canada Cuts Interest Rate and the Dollar Plunges


The Canadian dollar has dropped to a six-year low at barely above 77 cents US on account of the prime lending rate cut tp 0.5%.

But not all is gloomy, as predictions suggest the real GDP will grow by 1% in 2015 and by about 2.5% in 2016 and 2017.  If the predictions hold true things should be back to normal by 2017, but we don’t have great faith in predictions.

June 3rd Spells the End for 3 Year Cell Phone Contracts


See this article from the Globe and Mail Canada: Cellphone carriers lose court challenge over CRTC wireless code

If you have signed a 3 year cell phone contract in recent times, or not so recent times, as of June 3, 2015 you will be able to cancel it without penalty, regardless of how much subsidy is left and regardless of when it was signed.  You can walk away from your contract and not pay subsidy or cancellation fees (of course fees remaining for cell phone services rendered still apply).