The Competition Bureau is going after Visa and MasterCard for anti-competitive practices. At issue is rules they impose on vendors that drive up costs for everyone regardless of whether they pay with a credit card or not. The responses from Visa and MasterCard accusing retailers of trying to pass costs onto consumers are mostly nonsense. All costs get passed to consumers eventually. The best way to benefit consumers is to lower total costs. Allowing consumers to pay less when they use a cheaper form of payment is the right approach.
Larry MacDonald says that Canada is at greater risk than the U.S. from Ponzi schemes because of our lower protection from white-collar crime.
Canadian Capitalist found a case of an investor trying to select winning money managers with graphology.
Preet Banerjee says the best path to financial health is to focus on the big things and not the details.
Potato got caught by a Pharma Plus location that doesn’t honour their parent company’s offers.
Money Smarts is on a quest to eliminate all paper bills and statements.
Big Cajun Man is tired of answering the same investor profile questions over and over again.
Million Dollar Journey has some stories about what can happen when you lend money to friends or family.
Financial Highway reviewed Gary Kaminsky’s book Smarter than the Street and seemed to like it more than I did.