Archive - Jun 26, 2003

The unseasonably warm afternoon of April 26 of this year was the occasion of the 25th anniversary of the Wayzgoose festival of the printing arts in Grimsby, Ontario. The Wayzgoose festival is a gathering for practitioners of all arts relating to the production of fine, small-editioned, usually hand-made books. - by John Haney -

In the months of March and April, it seemed that everywhere you turned there was a pop artist or activist complaining that dissenting voices were getting crushed by the powers above. Surely, you'd think, all the belly-aching was exaggerated -- but then again, you'd also think that if the Beastie Boys released much-anticipated new material, you might have had a chance of hearing it on the radio. - by Matt Brennan -

How banks get away with making you pay for your savings account

Most Canadians don't need to be told that bank fees are rising, while interest rates paid on deposits--even in long term savings accounts--have diminished to the point of being inconsequential. Since the early nineties, the "big five" banks in Canada (Toronto Dominion, Royal Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Bank of Montreal) have been accelerating a collective move away from traditional retail banking, which is based on the premise that depositors lend their money to a bank and receive interest and certain services in return.Instead, the trend has been to charge increasing service fees while moving customers into areas more lucrative for banks such as credit cards, mutual funds, money market accounts, and stock market investments. Simply storing money in chequing and savings accounts is no longer a considered as a mutually beneficial arrangement; it is now a service to be paid for. - by Dru Oja Jay -