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Personal Finance Reader

The great Canadian car ripoff Add to ...

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The great Canadian car ripoff
CBC News looks at how much more Canadian-built cars cost here in Canada than in the United States. For more expensive vehicles, the difference can be many thousands of dollars.

More related to this story

In this follow-up, CBC shows how the car companies have tried to crack down on U.S. dealers selling to Canadians.

Who needs to own a car, anyway?
Toronto Life finds car sharing services like Zipcar and Car2Go are taking off in the city, and even traditional rental firms like Hertz re-experimenting with short-term, self-serve rentals. Young, urban condo dwellers are said to be a big part of the trend, which suggests sound financial thinking. In my new book, How Not To Move Back In With Your Parents, I recommend young adults economize by foregoing car ownership as long as possible.

How to stay cool cheaply
Tips for keeping your hydro bill manageable while running your air conditioner this summer.

Global pension pileup
This infographic shows how longer lifespans are putting pressure on the finances of governments paying old age pensions. One solution is to do what the federal government did in its last budget - phase in an increase in the age for receiving Old Age Security to 67 from 65.

More money
Join the 13,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I’m also on Twitter.

Follow us on Twitter: @globemoney

Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; and Berman's Market Update, a summary of the markets at the open, noon and close.

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