Profits up, the euro crisis and a new tech bubble.

• CBC. Profits, earnings rising, StatsCan says. “Canadian companies and workers both did well in the early months of 2011, Statistics Canada reported Thursday.”
• Reuters. Canada home-resale price index up most in 9 months. “Canadian home resale prices rose in March for a fourth straight month, its biggest advance in nine, as prices rose in nearly all of the metropolitan markets tracked by the Teranet-National Bank Composite House Price Index.”
• Reuters. Flaherty says Bank of Canada must strike balance. “Bank of Canada Governor Mark Carney is likely aware of ‘the need to keep the economy growing’ as he considers whether to raise interest rates next week, Finance Minister Jim Flaherty said on Wednesday.”
• National Post. Banks expect consumer pullback on credit cards. “Despite repeated warnings from Bank of Canada governor Mark Carney, Canadians continue to ratchet up personal debt, leaving the country increasingly vulnerable to economic shock.”
• National Post. Debt may no longer be a 4-letter word but not worth losing sleep over. “Canadians no longer feel debt is a bad thing, if an Investors Group poll is any indication.”
• The Globe and Mail. Unemployment a scourge, OECD warns. “Unemployment remains a blight on the global economy, the Organization for Economic Co-operation and Development said Wednesday, warning governments they must act lest high jobless levels become a longer-term scourge.”
• The Globe and Mail. Canada’s deficit-killing model a tall order for Europe. “Canada made deficit-busting look easy. Europe took notice and two aging Liberals, Jean Chrétien and Paul Martin, were resurrected as debt gurus and sent forth to advise clapped-out governments on how to spend a lot less and still achieve prosperity, social harmony and respect at G8 clam bakes.”
• The New York Times. Euro crisis looms for Group of 8. “The euro crisis hangs over the meeting of the Group of 8 industrialized countries that begins on Thursday, with Greece’s renewed problems destabilizing markets, worrying Washington and influencing the debate over who should be the next managing director of the International Monetary Fund.”
• Canadian Investment Review. Inflation: Neither dead nor alive. “With all the quantitative easing, and all the increase in the U.S. debt, many are worried that inflation has to be around the corner.”
• Canadian Finance Blog. Future financial literacy is in the hands of parents. “After 12 years of writing, I recently wrote my first article on frugality on whether it is trendy to be frugal. In that article, I made the comment that having kids has made me more frugal.”
• Retire Happy Blog. What would you do with extra cashflow? “One of the questions I get a lot is what people should do with extra money, whether its $100 or $1000 or more.”
• Canadian Financial DIY. Managing financial effects of health in retirement: 1) What can happen and what are the odds? “Health is a big concern to most people as they get older. The image of a decrepit, half-deaf, frail, confused person immobile in a wheel chair haunts us all.”
• Canadian Financial DIY. Managing financial effects of health in retirement: 2) Narrowing your own chances of problems. “Everybody’s individual chances will be different partly based on genetics – ask yourself how many in your family have had the various ailments – and partly based on your lifestyle actions.”
• TIME. New tech bubble? More like tech nation. “The eye-popping IPO for Yandex, a Russian search engine few Americans have ever heard of, which managed to raise $1.3 billion on the NASDAQ, is raising more questions about whether we’re in a new tech bubble.”

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