Back to School
The end of August typically marks the end of summer, the end of vacations, the end of a nice tan and hopefully the end of the violent market swings we have seen over the last few months. The TSX managed to end August on a positive with the financial sector leading the point gainers here in Canada. We are also seeing less violent movements in the markets from one day to the next. I caution investors that the threats of Sub-prime lending, the US Housing market and the overall market liquidity still linger. Actions have been taken by Governments along with a consortium of global financial institutions to limit the effects of these threats. As expected the Bank of Canada has decided to leave interest rates unchanged at 4.5%, citing recent developments in the financial markets as the cause.
Like everyone, you want the best for your children and grandchildren – including a good education. In today’s competitive job market, a college or university degree is more important than ever before, and will likely become even more necessary in the future. That’s why it’s essential to start planning now for how you will meet the costs of that education.