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March 17, 2010

How much is your time really worth?

When you buy something, you're trading hours of your life to acquire those goods and services.

So, is it worth hiring a housekeeper or a gardener to try and hang to a bit more of that time? What about a dog walker or a painter? 

Well, it all depends on what you figure your time is worth and how important you view the task.

Economists have labelled this the “comparative advantage” dilemma and it’s worth thinking about – particularly if you and your partner find yourself with different priorities.  

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March 18, 2010

Should budget cell phone users choose new player Public Mobile?

The faucet is on. The providers are starting to trickle in.

More than a year after the CRTC announced new players would soon freshen up the wireless market – and only three months after WIND Mobile made a bid to become our saviour from the Bell/Telus/Rogers stranglehold – a new discount network can be seen on the horizon trying to save Canadians cash.

Public Mobile announced today it will launch in Toronto and Montreal this May, basing its service on a budget, unlimited talk-and-text plan for $40 a month.

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March 16, 2010

Strong loonie gives Cdn. Spring Breakers a boost

Right now, thousands of Canadians are on a beach and you’re not.

Want to make matters worse? Canuck vacationers, despite the big cash they’re dumping on jet ski rentals, Jeep island tours and snorkel shots, are actually being fiscally responsible.

Um, whuh?

Alright, they’re not being that  responsible, but Canadians fraternizing in the U.S. – or any destination that accepts the greenback, which is everywhere – have gotten a nice boost by the surging loonie, which is helping them Spring Break without Spring Breaking the bank quite as much.

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March 15, 2010

Sun Belt housing prices likely at all-time low: report

Leave a fresh carcass in the wild and what’s gonna happen? Vultures, right? There will always be vultures.

Indeed, you could see the writing on the wall last December when the Wall Street Journal  reported Americans, dejected and out of work, were fleeing the Sun Belt hotspot locales where once they flocked.

But with thousands of depressed homes listed at incredibly discounted prices, it wasn’t a question of when houses in the Floridas, Arizonas and Nevadas of the U.S. were going to get snatched up. It was a matter of who’d get them.

Enter: the Canadian investor.

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March 12, 2010

'Avatar' propels IMAX back into big leagues

It pays to worship James Cameron.

By now, we all know the box office power of Avatar, but who knew the 3D epic could actually turn a struggling business to gold?

According to a Reuters report today, the force behind the highest-grossing film of all time helped IMAX Corp., the big-screen Canadian theatre chain, post two dominant quarters after an unimpressive run.

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March 11, 2010

Fake storefronts aim to revive depleted U.K. town

There are a myriad of ways to cope with the recession.

Some of us reel in spending. Others pay more attention to their investments. Or, there are the people like Nicolas Cage, who will do just about anything for a paycheque.

But how can an entire city put on a good face when it’s been ravaged by the downturn, an economic disaster that’s chased away vendors and left key business areas looking like ghost towns?

Well, if you’re like one U.K. borough, you fake it.

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March 10, 2010

Canada's most admired companies

Canadians, as we saw at the Vancouver Games, hold up quite well on the world’s athletic scale.

Yet, how do we perform in business, the measuring stick that often accounts for endured success in life?

Well, the latest Fortune list of the world’s most admired companies is out, so let’s see how Canada fared:

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March 09, 2010

Recession causes a droop in plastic surgery biz: report

The casualties of this latest recession come in different shapes and sizes.

And new victims always seem to come to light as we look back on the downturn. We know about the laid-off, the suddenly pension-less retirees and the graduates who can’t find work, but here are four new sufferers of the economy we never thought to consider.

Boobs, butts, tummies and chins.

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March 08, 2010

Will Tim Hortons' upscale restaurant plans hurt its brand?

Scenario A: You wake up Sunday morning and, as you usually do, head down to the local Tims to grab a coffee. You order a mug, snatch a newspaper and plop down next to Herb, Betty, Jim and the rest of the gang. You talk about nothing in particular, though you wouldn’t have it any other way.

Scenario B: That same Sunday, you get dressed and hop in the car. On the way to your favourite Tims is – huh?  – another Tims, a new Tims. Inside this restaurant aren’t the familiar booths and tables, nor that counter top with the cafeteria-style grooves that run down from the cash to the sandwich pick-up area. The food looks the same, but you peer inside to see patrons sipping from mugs you don’t recognize, and now Herb, Betty and Jim are Chip, Kent and Joan, a trio of stockbrokers on their way to spin class.

Which setting do you choose?

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March 05, 2010

Websites manage your online accounts after you die

There’s no shortage of differences between two-thousand-and-ten and, say, nineteen-hundred-and-ten.

In 1910, the Union of South Africa was created. In 2010, a 'We Are The World' remake starring Justin Bieber was created. In 1910, the first infrared photographs were published. In 2010, the first photos of Greg Oden’s, uh, manhood were published. In 1910, this was Jack Johnson. In 2010, this is Jack Johnson.

Yet this year, in this age, there's one thing more dissimilar (and more complicated) than anything else was one century ago: death.

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March 04, 2010

Would a soda tax succeed where the fat tax couldn't?

Last October, as the issue was gaining increasing steam, we discussed the fat tax – was it a good idea, a bad idea or something close to the plot line from V for Vendetta?

Indeed, the conversation quickly turned to “enough government already” almost without pause. And, perhaps, rightfully so. Such a proposal is radical, even considering the health information we have today.

Yet, still, hidden amongst the anti-totalitarianism comments was a good amount of support for the idea. Maybe the fat tax wasn’t perfect, but its ideals seemed to have the right intentions. Maybe it just needed a little … tweak.

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo), canoe.ca, AOL.ca, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...