Today the Bank of Canada announced that they will hold the overnight lending rate at 0.25%. Their press release describes a positive outlook for economic recovery, even better than their October review, however they say the economy is still dependent on monetary and fiscal stimulus. Interest rates will stay low for another term. The next interest rate review date is April 20th.

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I generally have a negative view of investing in mutual funds. When I was a mutual fund dealer with one of Canada's top financial institutions, I remember the feeling I had when trying to sell people mutual funds. I would go through the typical "know your client" questions to get an idea of an individual's investment objectives and risk tolerance but when it came down to picking the specific funds it felt like a roll of the dice. The task was always to make a the best informed decision on whi...
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 Well 2010 is now here. As those who have been following thus far would have noticed, I took a break during the Christmas holidays, but we're back at for the new year.
I hope everyone had a wonderful holiday season with friends and family. I am excited about the year ahead, and the growth that can be realized. I hope you will join with me and make 2010 the best year ever.


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