My Home About Me

Lots of interesting news these days.

First the CRTC (the telecommunication regulator in Canada) has decided to "kind of" deregulate the home phone business, which it hopes will drive down the price of home phones. Now this will only really benefit you (if it does at all) if you are in a larger urban center in Canada, but it may mean cheaper home phone rates, we hope. Will this save us money on our phone bills, only time will tell, but it might.

We may hear from the Fed (no not K-Fed) in the U.S. about what their plans are for interest rates. Yes, we in Canada set our own rates, but when the U.S. coughs, Canada gets a cold, so we always watch closely in that area.

The Bank of Canada thinks Bank mergers might be a good thing. As a stock holder in some of these banks, I am not sure I like this idea, since monopolies tend to get fat and lazy and don't try very hard to make a lot of money, if their execs are getting enough money. I think I like seeing competition especially in this area. Given the MONSTROUS profits these guys make, I think competition is a good thing.

Barrons seems to think that former Telecom Giant Nortel may have turned the corner and may start coming back. Skeptics wonder if that might be a little premature, as do I. Let's see good numbers before we start claiming comebacks.

Interesting stuff, if you think about it a bit. Maybe Nortel could merge with a bank? --C8j

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