Commentary
Engen’s Annual Letter To Householders
Inspired by the folksy wisdom in Warren Buffett’s annual letter to Berkshire shareholders (scheduled for Feb 27, 2021), I decided to write my own letter. I don’t have any shareholders so this letter is written to my family, or my householders. Alas, I don’t expect anyone to make the pilgrimage to Lethbridge, Alberta for our…
Read MoreCanadians Have An Income Problem, Not A Debt Problem
It’s not hard to find a report about the growing Canadian debt problem. Canadians owe $1.77 for every $1 they make. The average consumer owes $31,400 in installment and auto loans, while borrowing for credit cards and lines of credit average $18,500 per consumer. Finally, there are reports that nearly half of Canadians won’t be…
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