The short answer is yes – cancelling a credit card can have a negative effect on your credit score. Let us look into why this can happen. Then we will explore reasons why you still might want to close that credit card account. Erasing Good History If you close a credit card account, even if [...]
Personal Investment Tips
Monthly Archives: March 2010
Business Week Reports February Home Resales in Canada is down 1.5%
The Canadian home resale numbers fell around 1.5 percent to 42,799 units last month which becomes the second straight decline. This is coming via an article from Business Week. The original data came from the Canadian Real Estate Association (CREA). The biggested drop was in Vancouver. Surprise, surprise. I guess that’s what happens when your [...]
No review for foreign ownership of Canadian companies?
The Montreal Gazette had an article about the already high levels of foreign ownership in the Canadian economy. Harper and crew are looking to open that up even further and allow companies like Rogers, Bell, and Telus to be acquired by larger telecommunications companies but we probably shouldn’t move so quickly into this without looking [...]
CIBC’s Butterfield Investments… yikes!
CIBC’s investment in the Bank of N.T. Butterfield & Son might not be the best possible decision at this point in time. I have to agree with Moody’s on this one. Canadian Imperial Bank of Commerce said they’re going to inject $150 million (yes, that’s $150,000,000) into the Bermuda bank with ties to the big [...]
Nursing site
A friend of mine pointed me in the direction of this great nursing website in Australia called NurseUncut. It looks like they have a well used forum and there are also great articles. Here are a few that I noticed on the site today: Did Bristol Palin make Teenage Pregnancy Cool? 5 Truths About Working [...]