the Wealthy Canadian

A few things caught my eye this week.

1. Zimbabwe, once the breadbasket of Africa, is now claiming that they only have two days supply of flour. That announcement was followed by the news that the plummeting Zimbabwe currency is now worth 1/30,000 of an American dollar – bad news if they debts in any currency other than their own. This situation is only bound to get worse as their inflation is currently sitting at around 7,634%. No food, and lots of worthless money.:(
2. DJIA, NASDAQ and TSX all ended the week down slightly.
3. The BoC, ECB, and BoE all left interest rates alone.
4. TD Waterhouse now offers $10 trades, woot! (some conditions may apply… i.e., you need to have $100k in your borkerage account)