Features
Fredelle Bruser Maynard’s centenary and remembering “Raisins and Almonds”
By IRENA KARSHENBAUM While out walking recently, I came across a copy of “Confederacy of Dunces” by John Kennedy Toole in one of those free little libraries. Now the book doesn’t fit into my criteria of rare, lost or out-of-print works that I am usually on the hunt for, but knowing that this is one of the great American classics of the 20th century, which I had not yet read, I started reading it on the spot while thinking, can people see me from their front windows and think I’m like rummaging through their garbage?
I quieted the noise in my head, and concentrated on the lively story of the publisher, Walker Percy, recounting how he first came across the work; the mother of the author who turned out to be dead, started calling him incessantly, and in an attempt to push her off, Percy asked why he should read the book, only to be told that it was a “great novel.” (Many readers know how this story ends, the book won the Pulitzer Prize eleven years after the author’s suicide, thanks to Percy publishing the work.)
My search-for-publisher story is the exact opposite. For years, my mother knew I was writing a book and was after me to read it. Finally, I acquiesced and emailed her the manuscript. A few weeks later, my mother called and told me she nearly vomited when she got to the part where the main character masturbates (can I use this word in a PG-rated community newspaper?) and then asked me if I seriously thought someone would publish my book.
So, if I were to run a garden hose from the exhaust pipe into my car, while securing myself tightly inside (I have no inclination to do so), I know for a fact my mother will never make a nuisance of herself with some publisher. What I am trying to say here, is that every writer needs a champion. Just one. Toole had Walker Percy, and his mother. That’s two, hence the Pulitzer Prize. Franz Kafka had Max Brod. Anne Frank and Julia Child had Judith Jones. (Anne Frank also had her father.) I don’t have one, not even my mother. Now, Dear Reader, please don’t think my mother is some horrible person. She makes me blintzes and borscht and sends me home with massive care packages. It’s just that she couldn’t get past the masturbation scene, which she may be right about because when it comes to literary fiction, Sex. Does. Not. Sell.
Writers need champions not only to get published, but also not to get forgotten, as so many good books suffer this fate. My tale continues.
On another recent walk I was rummaging through a different free little library that was full of Catholic titles. I zeroed in on “Christ Stopped at Eboli” with a sketch of a cross as the backdrop for a crucified figure. I wasn’t about to take this book home with me. But then it was as if time had stopped. My breathing seized. Pudgy cupids fluttered in front of my eyes playing their little harps as my eyes rested on the name of the author — Carlo Levi. I pulled out my phone and googled the name. Italian. Jewish. Doctor. Painter. Author. Detained during the 1930s for his anti-Fascist activities in an impoverished Italian town, the memoir recounts this time. Fits my criteria: rare, lost and/or out-of-print, not to mention, fascinating time and place. I placed the book snuggly under my arm pit, looked around for any judging eyes and slunk away like some satisfied thief with her precious plunder.
I won’t be retelling the story of “Christ at Eboli” here because I’ve only just started reading it — it is good, so far — but I’ve brought the work to your attention so go find a copy and read it!
I’ve flown to Tasmania and back to make my convoluted points and have to get to the story I promised Bernie, “Raisins and Almonds,” a memoir by Fredelle Bruser Maynard. This book is not exactly forgotten because one thing I know about Winnipegers is that they are very cultured people and are faithful followers of their great literary tradition. The book is a quiet masterpiece that deservers to be remembered, celebrated and introduced to younger readers.
Originally published in 1972, it was one of the first Jewish memoirs to be published by a major publisher, Doubleday Canada Limited, and received wide-spread acclaim. Today, it is sadly out-of-print. I got my copy, luckily, when the Jewish Historical Society of Southern Alberta was purging its library — Fredelle Bruser Maynard belongs to Saskatchewan, to Manitoba, she is not “ours” they said — and knowing my interests post-publication of “Remembering a forgotten book, Winnipeg Stories” (in this newspaper), triumphantly handed me the fragile copy.
Through a series of short stories, “Raisins and Almonds” recounts the author’s life growing up in the 1920s and ‘30s in Saskatchewan and Manitoba. The memoir doesn’t pull at the heartstrings; it rips out the heart.
In a Jewish Christmas, Bruser Maynard writes about what it was like to be the only Jewish child in a small Saskatchewan town, in Birch Hills, during the Christmas season, “Christmas, when I was young, was the season of bitterness.” The story is painful to read not because little Fredelle is not like the other children and can’t have a Christmas tree or Christmas presents or is even cruelly taunted in the playground for having “killed Christ.” All of these experiences are hard and traumatic for a child to endure. What is so painful about this story is the vulnerability of the parents who at their core feel inferior as Jews and who will do anything — even have their child, “the town’s most accomplished elocutionist,” recite a Christmas poem at the yearly Christmas concert — for a scrap of Gentile acceptance. Of course, the Brusers are not the first Jews in history to hide or compromise their identity; Jewish pride or confidence is probably more of a historic rarity that flourishes when we have the good fortune to live in a Jewish golden age.
In The Silk Umbrella, the author describes her father’s loneliness and alienation being the only Jewish man living in one prairie town after another, “He had no friends but us. Would it have been different in the city, in a Jewish community? I don’t know. But certainly, marooned on the prairies, an island of Jewishness in a barbarian sea, he never formed ties beyond the limits of his business life….. He talked crops with farmers, theology with the local minister, household matters with women. But he would no more have thought of accompanying a farmer to the beer parlor than, years before, he could have joined a Cossack on a gallop across the steppes.”
Born in 1922, in Foam Lake, Saskatchewan, to Boris and Rona Bruser, Fredelle describes her childhood as growing up in a family “where women mattered” and as a result was able to pursue degrees from the University of Manitoba, University of Toronto and obtained a Ph.D. in English Literature from Radcliffe College (Harvard University). She married her former professor, Max Maynard, “the son of a Protestant clergyman,” which she wrote about in The Silk Umbrella. The interfaith marriage irrevocably damaged her relationship with her father, “Always a demonstrative man, my father embraced me very seldom after I married. In this new reserve, there was no hint of reproach. I remained his own dear child. Whatever had gone wrong, the fault must be his. If he had given me a proper Jewish education….”
The couple had two daughters, Rona Maynard and Joyce Maynard, both of whom followed their mother in her literary path. Joyce Maynard, as a teenager, briefly lived with J.D. Salinger, who was more than 30 years her senior, and wrote about the time in, “At Home in the World: A Memoir.”
My PaperJacks edition of “Raisins and Almonds,” that originally sold for $1.95, includes a number of review quotes, one being from Margaret Laurence, “Fredelle Bruser Maynard… communicates the sadness at the core of laughter… Her memoirs are so authentically prairie, Depression prairie, but they reach out far beyond any place or time.”
“Raisins and Almonds” remains as true now as when crisp copies lined book store shelves 50 years ago when it was first published. If only this beautiful book would be re-released today.
Irena Karshenbaum writes in Calgary irenakarshenbaum.com .
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.
Features
Why Reading Online Reviews Matters Before Making a Purchase
People usually pause before purchasing to read reviews from other customers. It’s become part of everyday online life, a quick way to see how something really performs before making a decision. According to the Pew Research Center, most internet users read reviews to get a better idea of what they’re buying. The feedback from actual users becomes more reliable than marketing statements because it comes from everyday consumers instead of sales-oriented corporate messages.
Reading reviews also helps spot patterns. If the same comment, good or bad, appears again and again, it usually means there’s truth to it. People now use this collective feedback as their main method to evaluate online products and services for quality and reliability.
When There Are Too Many Options, Reviews Narrow the Field
Shopping online can be overwhelming and a bit of an adventure. There are always more options than anyone needs, hundreds of gadgets, countless household tools, endless entertainment subscriptions. All listings present themselves as excellent value propositions with operational excellence, yet it remains a bit of a challenge when it comes to verifying which ones deliver actual results.
Reviews become useful at this point. Real users provide information about product details, which marketing content fails to show, by sharing their experiences about delivery speed and setup ease and product durability after several months of use. The product details show its operational behavior when used in regular business activities.
Users tend to begin with reviews. For instance, a tech product might have amazing packaging but fall short on battery life or integration. Maybe a new game or casino platform might sound promising, and reviews on trusted choices can confirm whether it includes flexible payment options, a wide content library, and responsive support. When feedback keeps mentioning strong points like clear instructions or helpful customer service, it shows consistency. The product or service delivers its expected results because customers have personally seen its performance.
Reviews Build Faith Through Shared Experience
Reviews gain their strength from the emotional bonds which readers find with each other. Reading about someone else’s experience feels familiar, even if you don’t know them. It’s basic word-of-mouth marketing, like receiving recommendations from a neighbor who has already purchased the item you are considering.
This shared experience has built an informal community of online voices. People rely less on what a brand claims and more on what other users notice. When different reviewers mention similar strengths or small frustrations, it adds authenticity. The story becomes more believable.
Reviews show what other users have experienced, but they do not offer any guidance about what to do. This type of his collective info turns into an important part of how people build trust online. It’s a small thing, but it makes a big difference in how confident we feel about the choices we make.
Balanced Feedback Feels More Honest
A perfect score does not prove that something lacks any imperfections. A combination of positive and less-than-perfect feedback creates a more authentic impression. Small complaints about packaging or delivery delays make glowing reviews sound real. A recent study showed that participants answered honestly instead of trying to make their responses attractive to others.
Most readers know that nothing works flawlessly all the time. People look for reviews which provide both positive and negative aspects because they want to find balanced opinions. Customers can establish realistic purchase expectations through combined information which they can apply before buying. Review systems maintain their value because reviewers maintain honesty in their assessments.
Why Recency and Volume Matter
The best reviews and product ratings are the ones written recently. They reflect how a product or service performs right now, not how it worked a year ago. Things change, materials, delivery services, and even the way companies handle support.
A steady flow of new reviews suggests consistency. When lots of people share their experiences over time, patterns appear. Those patterns tell readers what’s typical, not just what’s possible. It’s the difference between one person’s lucky experience and a reliable average that others can count on.
Quantity matters too. Ten balanced reviews from this month will usually tell more than a single five-star comment from last summer. Together, recency and volume create a clear picture of reliability and quality without relying on assumptions.
Recognising Genuine Reviews
Not every review online is authentic, real, and written by a consumer. Some are written by automated accounts or people hired to post positive comments. Real feedback tends to sound natural and personal. It might mention something specific like the texture of a fabric, how easy the setup was, or whether support staff replied quickly.
Authentic reviews vary in tone and detail. Some are short, others long, some are full of small observations. That mix of styles feels human. On the other hand, copied or fake reviews usually repeat the same phrases or sound overly polished.
Many websites now try to identify and label suspicious posts, but readers can also help by paying attention to repetition, timing, and tone. A quick scan across different platforms usually reveals what’s genuine and what’s not.
Reading Smarter in the Online Marketplace
Reviews have become a solid foundation for how people make decisions online. They give an honest view of how something performs beyond what’s written on the label. Every comment, short or long, adds another piece to the puzzle.
More than that, reviews show how businesses handle problems, how quickly they respond, and whether they follow through on promises. They offer accountability in a world where shoppers and sellers rarely meet face to face.
Reading a handful of reviews won’t guarantee a perfect experience, but it provides helpful context. It shows what’s typical and helps people make choices with more confidence. In an online world full of noise, reviews remain one of the easiest and most reliable ways to learn from others.