April 22, 2026

The Past Week’s Favourite Reads — August 3 – 9, 2020

A reality check for people looking to cure their pandemic blues by buying a cottage – Globe and Mail, August 7, 2020
https://www.theglobeandmail.com/investing/personal-finance/article-a-reality-check-for-people-looking-to-cure-their-pandemic-blues-by/
Rob Carrick examines some of the harsh financial realities of cottage ownership. Apparently there has been a rush to purchase cottages during the pandemic.

Nearly three out of four Canadians say virtual conferencing tools an ‘excellent’ alternative to interacting in person – National Post, August 4, 2020
https://nationalpost.com/news/canada/nearly-three-out-of-four-canadians-says-virtual-conferencing-tools-are-an-excellent-alternative-to-interacting-in-person/wcm/90c07298-4418-4c8f-87d1-7594c0cf38a4/
Christopher Nardi reviews the findings of a  “survey produced by Leger Opinion (LEO) for the Association for Canadian Studies (ASC),” that indicates that ” 72 per cent of Canadians agreed with the statement that videoconferencing is an excellent alternative to interacting with people”. It would be interesting to see what results would arise if the same survey were conducted a couple of years after the pandemic ended.

Five ways GIC investors can fight back against wafer-thin interest rates – Globe and Mail, August 5, 2020
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-five-ways-gic-investors-can-fight-back-against-wafer-thin-interest/
Rob Carrick offer some very useful suggestions on how to search out higher rate GICs. His suggestions are certainly worth considering.

How the COVID-19 pandemic may sabotage retirement for boomers and Gen X – Globe and Mail, August 4, 2020
https://www.theglobeandmail.com/investing/personal-finance/article-how-the-covid-19-pandemic-may-sabotage-retirement-for-boomers-and-gen-x/
Rob Carrick looks at some potential financial hardships that may arise for future retirees related to the impact of COVID-19. Retirement readiness may be a problem.

Commuting pension could buy this Ontario woman more flexibility in retirement – Financial Post, July 31, 2020
https://financialpost.com/personal-finance/family-finance/commuting-pension-could-buy-this-ontario-woman-more-flexibility-in-retirement/wcm/de7528ad-2d12-4fc9-8567-5628191ff0bf/
Andrew Allentuck addresses the potential benefit of commuting a pension. I remain unconvinced.