Canadian MoneySaver Blog
Dec 16, 2022 The Era of Financial Democratization and the Emergence of Blossom Social
The Internet Era and Financial Information
Finance has always been a respectable career due to its contribution not only to people's retirement plans, but it also facilitates companies’ ability to raise capital to create jobs and improve society. Investing knowledge was often thought to be acquired only by professionals who graduated with prestigious college degrees from elite institutions, however, that perception is no longer true.
In recent years, accessing information is no longer a competitive advantage. Far gone are the days when investors had to email the authorities and wait two weeks until they can receive a company’s quarterly earnings or annual reports. Nowadays, investors just need to go to popular websites, such as SEC or SEDAR filings to instantly acquire original information at a cost of almost zero. In fact, financial information has been democratized not only in terms of cost but also its timeliness and ubiquity. For exam
Dec 12, 2022 THAT Infamous Rogers Outage
Do you remember the infamous Rogers outage on 8 July 2022, also known as Red Friday – when a routine maintenance update backfired and led to a shutdown of services for customers across Canada?
A coding error in a routine maintenance update deleted a routing filter in its distribution routers, Rogers later told the CRTC. This caused the routers to propagate “abnormally high volumes of routes throughout the core network,” leading some network equipment to exceed capacity and fail.
Like many customers, I had no idea what was going on that morning when I woke to find my phone had no coverage. Was our wi-fi network down? To test that theory, I went outside, but my phone still didn’t work.
There I met a neighbour who warned me to carry cash if I planned to buy anything. He had tried to fill his large car with gas, but his credit card was not acce
Dec 07, 2022 What History Can Teach Us About Upcoming Market Trends – Part 1
I was asked a question by a reader of my blog a couple of weeks ago. It was regarding the potential for a sideways market emerging after the current bear trend ends, rather than the emergence of a new bull market. As it happens, more than 20 years ago, in the January 2001 issue of Canadian MoneySaver, Bull, Bear or Neither? (canadianmoneysaver.ca), I wrote an article that was one of his most important market observations at the time. The article, entitled “Bull, Bear or Neither”, appeared to be among the first to suggest the end of the mega bull market that, at the time, had been the 1982 to 2000 bull. I postulated the potential of a choppy sideways trading range for the coming decade. My observation at the time was that the US markets had experienced several prolonged sideways periods over its 100+ year history. These choppy sideways periods occurred after each significant bull market.
Going back to the early 1900s, there have been four major periods of sideways
To the Print edition of Canadian MoneySaver Magazine for $26.95 (+tax) per year
