Moving on Up

There are some good economic signs out there. The TSX is back over 12,000 and it looks like it will stay there. The Canadian Dollar is over $0.98 USD and it looks like it will stay there. In Canada it looks like we are on the road to happy days. We may not be there yet but it is coming. People are still out of work. The government is a bit short of money, but it will all work out.

One clear indicator that things are going OK is housing prices are still going up.

Yes it continues to get more expensive to own your own home. Canadians seem to think that they need to own property. It is a forced savings plan but, by the time you add in the upkeep and taxes, you really aren't making too much money. You have to live somewhere so breaking even is OK. Eventually not having a mortgage payment would be pretty cool. Maybe someday I will own my home.

The strong Canadian Dollar does hurt exports. Our products become more expensive to foreigners as our dollar gains value. The dollar has to be propped up by something. I'm sure the Bank of Canada is not buying up every free dollar out there so a lot of people must see value in buying Canadian.

When you take a long look at it, Canadians are looking at a good time ahead.