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Airline Fuel Surcharges, Economy, and Weekend Reading –

The News

Finally, a company who follows their word.  In lieu of lower oil prices, WestJet Canada has eliminated the fuel surcharge that they imposed when oil was near $140 a barrel.  This may be a good time to do a bit of traveling!

The economists at Scotia Bank predict that Canada will fall into a recession!

Because of the global market crash (too dramatic?), the Bank of Canada and U.S Fed (along with other countries) have dropped rates by 0.50%.  However, the big banks have only dropped their prime rate by 0.25%.  Regardless, it’s still welcome news for variable rate debt holders.

Weekend Blog Reading

Consumerism Commentary summarizes Knight Kiplinger’s Solution to The Economic Crisis.

The Financial Blogger explains how to beat inflation.

Canadian Dream questions the goals of life in soul searching and goals.

Canadian Capitalist is thinking about worst case scenarios.

Four Pillars asks is now a good time to buy a house?

Where Does All My Money Go has a primer on ETNs – Exchange Traded Notes.

Thicken My Wallet has an informative series on Dividend yield stocks and their debt loads.

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FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 6 comments… add one }
  • Avatar The Financial Blogger October 10, 2008, 8:23 am

    Hey Thx for the mention!

    Enjoy your weekend!

  • Avatar Four Pillars October 10, 2008, 8:31 am

    Thanks for the mention!

  • Avatar Canadian Dream October 10, 2008, 9:53 am

    Thanks for the link! Have a great long weekend eating turkey!

  • Avatar melissa October 10, 2008, 12:48 pm

    You know, despite the fact that they’ve advertised that the ‘fuel surcharge’ is gone – I found Westjet prices to be same before and after the announcement. I think that cost increases were just worked into other areas.

  • Avatar BSCC October 10, 2008, 2:09 pm

    I wish more companies would follow the lead of WestJet Canada. Kudos to them!

  • Avatar WhereDoesAllMyMoneyGo.com October 11, 2008, 1:30 am

    Thanks for the mention FT – have a great weekend, and Happy Thanksgiving everyone!

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