Employment Insurance logic needs to be fixed
Employment Insurance logic has to align its goals with the recipient, writes Peter Watson. Today a story. But first a common business principal. Anytime you have a business relationship it is to your advantage that all parties are hoping for the same outcome. For example, if you work for a company a bonus could be […]
Cyber Attack Against the Federal Government Puts Canadians at Risk
Government computers at the Canada Revenue Agency and GCKey were hacked and individuals’ banking information was changed, and passwords stolen, writes Peter Watson. The Canada Revenue Agency computers were recently hacked. Those affected are now more vulnerable to have money stolen via the Internet. This cyberattack was also directed at GCKey which is an online […]
The Toronto Maple Leafs disappointing season teaches us a lesson about diversification
Cheering for just one favourite team is fine. Owning just one investment and hoping for success is dangerous, writes Peter Watson. Our beloved Toronto Maple Leafs just taught us a lesson about diversification. Since the last time the Leafs won the Stanley Cup in 1967, fans have been hoping for another triumphant hockey season. The […]
COVID Alert app will Help Fight the Pandemic
Ontario is the first province to use the COVID Alert app, writes Peter Watson. One way to return to a more normal pre-COVID-19 existence is to have Contact Tracing. The smartphone app to facilitate this was launched in Ontario on July 31 and is free on both the Google Play and App stores. To put this in proper context, let’s […]
Lessons Learned from COVID-19 can Help Your Personal Finances
There is a strong similarity from the lessons learned from COVID-19 and how best to manage your finances, writes Peter Watson. Since March, we have consistently heard the same theme. Understand the illness and use that knowledge to protect yourself and others from getting sick. Knowledge with the pandemic often comes from medical science. And […]
Uncertainty and Risk Ahead Despite Recovering Economy
Consumer spending critical to country’s overall well-being, but it could hurt many Canadians in the long run, writes Peter Watson. June numbers indicate the Canadian economy may be recovering. Continued consumer spending is critical, but will the spending hurt the financial well-being of Canadians? Our COVID-19 weak economy got some good news. Retail sales rebounded […]
Covid-19 Could Change Your Life for the Better
Bad news sometimes turns out to be good news, writes Peter Watson. For many, the Covid-19 pandemic will change your life in ways you could not have imagined. Sometimes change can have a negative impact, but it can also lead to positive results. This article will focus on the positive. Some will be able to […]
Stock markets can be mind boggling
Logic would suggest that there is a correlation between economic prosperity and positive outcomes for stocks, writes Peter Watson. COVID-19 economic doom and gloom persist, yet stock market values are rising at a record pace. Why did this happen? As it turns out, sometimes the stock market does not behave with how you anticipate. We […]
Financial Planning will be taught in elementary schools
Ontario’s overhaul of math teaching will include financial literacy, writes Peter Watson. Young children will start learning financial planning at school. This is an excellent life skill and, in my opinion, an educational upgrade. One of the foundations an individual carries through life is a strong education. Reports over the years show a correlation to […]
Tough financial decisions ahead
COVID-19: Canada responds with financial support, writes Peter Watson. When Canada suddenly found itself in the COVID-19 crisis I was extremely impressed with the government’s quick response to support Canadian businesses and workers. Prime Minister Trudeau, from the very beginning, was offering support and was handing out money by the truckloads. To me that was […]