BoC Holds Prime Rate; What’s in Store for the Future?
To no one’s surprise, the Bank of Canada opted against an interest rate hike yesterday as it released its July statement. While alot has been made about the strong suggestions in the statement that a rate hike was imminent, there are some interesting points that suggest a more patient approach might be taken. First of…
Read moreA higher Canadian dollar is helping on the “Home” front.
There has been a great deal of concern as our Canadian dollar gained in strength and economist were concerned that the high value of our currency would negatively impact trade with our export partners. That are less willing to pay higher prices for or goods. However, there is a bright side to this on the…
Read moreLow Borrowing Rates Mean Higher Debts
A recent report by CIBC said that Canadian households have increased their debt loads in the first six months of the year by $44 billion. We have lower interest rates to thank for that.
Read moreUp, Up and Away Goes the Loonie
Canadians are once again mystified the Canadian dollar could be trading for 94 cents US. How is this possible? The truth is, it’s not so much Canada being stronger, it’s other countries, the United States in particular, hitting a weak spell.
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