Welcome to the latest edition of weekly reading, and Happy Mother’s Day to all the moms out there!
How are we still talking about Dogecoin these days? The meme ‘cryptocurrency (I”ll use that term loosely) hit prices over 70 cents and was approaching a market capitalization of $100 billion dollars. Seriously – have investors really pumped 100 BILLION with a “B” of real dollars into what I like to call, ‘fake dog coin?’ It’s insane.
There are probably more than a few Dogecoin millionaires out there by now, but I have a feeling a day of reckoning will soon come for many more. If we see a broader market correction at some point, you would think markets like fringe cryptocurrencies will be the first to plummet.
A lot of this coincided with Elon Musk’s appearance, hosting Saturday Night Live this weekend, he has been a bit of an outspoken supporter (although do we know if this is jokingly) of Dogecoin. It was interesting to see the price plummet shortly after the show aired.
Anyway, enough about Dogecoin – here are some non-crypto-related weekly reads below.
National Home Price Map | The Canadian Real Estate Association
Does it seem like home prices have gone up recently in Canada – like, a lot? Well, they have, but just how much exactly? This is a link to a neat little map that highlights the price changes from 2020 to 2021 in various regions in Canada. The Year over Year percentage change is kind of astonishing, sitting at about 31.6%. Especially surprising are the increases in some suburban areas, as it looks like many people have left the cities or urban centres during COVID and driven up prices further away in suburbia.
Ontario Joins DSC Ban | Investment Executive
After being a holdout for some time, the province of Ontario has finally decided to ban deferred sales charges on mutual funds. This is good news for investors in Ontario and good for Canadians, as it means lower overall fees and more uniform regulations across the board. For those unfamiliar, essentially deferred sales charges would be charged to mutual fund holders in cases where they withdrew or redeemed their funds earlier than specific – usually, this would be buried in some fine print and with fees attached to it that investors may not have been aware of.
Vaccines Have Been a Game Changer | BNN Bloomberg Canada
An interesting video on how the vaccine rollout has helped get Canadian senior residences back on track, reduced coronavirus outbreaks and created a safer environment for residents and staff. These homes were some of the hardest hit at the height of the pandemic, as COVID-19 was disproportionately impacting the senior population and those in long-term care and assisted living facilities.
Check out my latest post, a fun look at the “Top 10 Movies About Investing & The Stock Market.” You can also check out all of the latest articles on the homepage and have a great week!
