KeatsConnelly Cross-Border Weekly Best of the Web 2013-12-16

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.This week we offer a mix of articles discussing Canada’s housing market, border crossing rules, and a financial survey.

Fewer risks to Canadian financial systems, but housing still a concern: BoC (www.calgaryherald.com) OTTAWA – The Bank of Canada is again flagging Canada’s overheated housing market and sky-high household debt as the biggest domestic threats to the economy, while at the same time judging overall risk to financial markets has lessened. The continued emphasis on debt and housing, despite what the central bank’s governing council concedes is improving levels of risk, adds credence to the view that governor Stephen Poloz appears set to keep interest rates unchanged until 2015…

Canadian snowbirds beware!  Border crossing rules for 2014 increase stakes for “day count” (www.moodysgartner.com)  Virtually all Canadian snowbirds know they must keep track of how many days they are in the US and outside of Canada because “bad” tax and non-tax surprises await those who are in or out of either country too long. Given the importance of “day count,” why do so few travelers (relatively speaking) trigger an examination based on the amount of time they have spent in either country?The answer may come as a shock to most (and I would guess nearly all) snowbirds: prior to 2014 neither the US nor Canada knew how many days someone had been within its borders. That will change in 2014 as new rules go into effect. All snowbirds need to know how this change will affect them…

Most Canadians say they were no better off financially in 2013: survey (www.theglobeandmail.com)  A majority of Canadians don’t feel better off financially than last year, according to a new survey.The poll by Sun Life Financial and Ipsos Reid found that 57 per cent of respondents say they aren’t in better shape than a year ago when it comes to their personal finances.For the minority of those who said they are feeling better – 38 per cent – 65 per cent said they paid down household debt this year and 50 per cent said they make lump sum contributions and/or regular monthly additions to their RRSP…

Come back next week for more interesting news and articles. Enjoy your week!

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