Oaken Update – October, 2016

Giving back to our communities

As a socially responsible business, we’re always ready to lend a helping hand to our communities. One of the ways in which we do this is by offering the free use of our stores as a meeting or event space to any not-for-profit organizations.

Our stores in both Toronto and Calgary are adaptable, dual-purpose spaces, which can be made available for gatherings at evenings or weekends—no matter what size or purpose, at any time of the year. And any kind of charity, fundraising committee, association, community group or similar body is invited to take advantage of this offer. By saving on rental costs and providing a central location for seminars, meetings, workshops and the like, we’re able to make a contribution to organizations that make our communities a better place to live.

So if you have an involvement with anything of this nature, and are interested in booking either of our spaces, all you need to do is get in touch with us by sending an email to publicrelations@oaken.com. We’ll work with you to figure out all the details from there.

Or if you know of a group that might benefit from this, please let them know about it too. We’re looking to get the word out so that more non-profits can make good use of our facilities, and hope that you’ll help us to do so.


To floss, or not to floss

Earlier this year, the dental world was shaken up by the news that what dentists have been telling us for decades is all wrong. Far from keeping our gums and teeth healthy, regular flossing is in fact a waste of time and money. One less chore—into the garbage with all that dental floss!

Actually, not so fast. The story that sparked this belief got twisted by the media into something that was very different from the truth. The reality was this: in 2015, the Associated Press (AP) asked the U.S. government for scientific evidence underlying its recommendation for flossing. It turned out that the government hadn’t really done the research, and further digging by AP found that the evidence for flossing was “weak and very unreliable”. This meant the U.S. government was required by law to remove its flossing recommendation from its most recent dietary guidelines.

But that’s not the end of the story. To be precise, when science says that evidence “for something” is weak, it is not saying that evidence “against it” is strong. That’s what can make science so frustrating for some, and so easy to misinterpret for journalists. In a nutshell, it just means we can’t be as sure as we were that flossing is good for you. But before you throw out your floss and retire to bed a couple of minutes earlier, consider what the Canadian Dental Association says about this very topic on its website:

“The Canadian Dental Association supports flossing as one step of maintaining healthy teeth and gums. Flossing is an effective preventative measure to remove plaque, the main cause of gum disease. The weakness of the evidence supporting the value of floss in the prevention of gum disease is a reflection of the difficulty of conducting the necessary studies, not of the value of flossing for the maintenance of good oral health.”

Of course, if you have any doubts, the best person to ask is your dentist. In all likelihood they’ve been asked this question hundreds of times since this story went viral, so they’re better prepared than anyone to give a comprehensive and informed answer.

Finally, it’s important to note that poor oral hygiene may be associated with a variety of other health conditions, ranging from heart disease to diabetes. Once again, the science on this isn’t conclusive, so we can’t be sure. But for something this important, it seems that the old adage “an ounce of prevention is worth a pound of cure” applies. Even if it’s difficult to prove just how effective that prevention might be.


Supporting retirement with rental income

Canada’s housing markets have been booming for years now, and with CMHC issuing its first “red warning” for the national market this month, there’s renewed uncertainty about where property values will go in the near future. But that uncertainty isn’t necessarily a bad thing, if it encourages people to think twice about buying real estate.

One of our recent Oaken Blog posts is all about careful reflection when purchasing property. Or more specifically, purchasing property in the rental market. Adding a rental property to your name can be a great way of diversifying your investment portfolio. Real estate doesn’t follow the same ups and downs as the stock or bond markets, and rental units can provide a steady stream of income to supplement other revenue during retirement. That alone might seem to make buying a rental property a “no-brainer”, but in fact there are a lot of things to consider besides income before taking the plunge.

There are maintenance costs, the risk of getting bad tenants, and late-night phone calls to fix things. You could also end up with a property that sits vacant for some time if you can’t attract the right tenants, or one that loses value over time. And then there are questions about financing. Do you want to take on a new mortgage? Will you live in one of the units? If so, that will change the financing rules. It all adds up to a lot more than just acquiring a new asset so that you can generate additional income.

For a more detailed discussion of this topic, see the full blog post here.


We’re showing off again

Just a reminder for all you show-goers in the Toronto area that we’ll be displaying the Oaken colours at two upcoming events, and we’d love to see you there.

On the weekend of October 29 & 30, we’ll be at the Toronto ZoomerShow. This consumer and lifestyle expo is a favourite for Boomers (and post-Boomers, too). And for the 2nd year running, it will also host The British Isles Show under the same roof. Highland dancers, Durham Regional Police Pipes and Drums, presentations on retirement, real estate, health… there’s something for everyone, and more than enough to keep you entertained for the day. To book your free tickets, compliments of Oaken, just click here.

We’ll also be at the National Women’s Show in Toronto, from November 4 to 6. The Show is a great chance to get caught up on new goods and services for women that are just coming out, everything from fashion and health to travel and food. We’ll be one of over 450 exhibitors, and we welcome old friends and new faces who want to learn more about Oaken (or just say “hi”). Tickets are on sale now, and for a $5 discount on each pair of tickets, simply click here and then enter the promo code “shopping” on the booking page.

And as usual, when you drop by our booth at either event, you’ll also have the opportunity to win with Oaken. We’re holding a draw for the attendees of both shows combined, the prize being a $500 Oaken GIC. So if you enter both draws, you’ll double your chances of being that lucky winner!


Reading corner

Fall is the time to curl up on the couch with your favourite hot drink and do some reading. Here’s our contribution…

 

This post is intended for informational purposes only. It is not an inducement to purchase securities and is not to be considered financial advice. Always do your research before making any investment decisions.

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