April 18 roundup - MoneySense

April 18 roundup

On Carney’s rumoured new gig, the real cost of commuting and why term life insurance is one step on path toward financial freedom.


•Will Bank of Canada Governor Mark Carney ditch us? The central bank is denying rumours that Carney, already head of Financial Stability Board overseeing global banking reform and one of Time magazine’s 25 most influential people, is considering a higher-profile gig at the Bank of England.

•Ever wonder what the real cost of commuting is? The folks at the Canadian Finance Blog have compared the cost of driving vs. transit vs. cycling and the results might surprise you. Cycling isn’t necessarily the cheapest option if you don’t already own a bike.

•Timeless Finance blog author Joe Wood offers up his step-by-step guide to financial success. Step #1: Buy term life insurance.