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Carrick on money: How the weak job market helps homeowners

While a modest gain in December employment was forecast, Canada instead booked a loss of 45,900 jobs, pushing the jobless rate above that of the U.S. for the first time in more than five years.

Kevin Van Paassen/THE GLOBE AND MAIL

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

How the weak job market helps homeowners
The disappointing employment numbers for Canada that were announced last week suggest mortgage rates will stay lower for longer.

The story of gold's decline
Ten reasons why gold prices have tanked. Mentioned here is a new phrase, Goldenfreude, which means a delight in the pain of gold enthusiasts.

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There's always Detroit
Can't afford a house in the city? Detroit's real estate market is, um, cheap. Here's the story of a young man who bought a house there for $500.

Teach your kids to be grateful
A blogger riffs on the finding that kids who understand gratitude have better grades and are less likely to get depressed.

Pick your finance favourites
RateSupermarket.ca invites you to vote for the top personal finance blogs, books and more. I'm on the ballot for best social media resource.

More money
Join the 35,000+ 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.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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