Relax! A Steady, Low Interest Rate is a Good Thing!

Maybe it’s because we’re always looking for the catch, waiting for the other shoe to drop. Maybe by nature, we as Canadians really are a pessimistic bunch. The most pessimistic among us will tell you, that it’s because we’re realists. Whatever the reason, it’s less than one week since The Bank of Canada has announced that they would keep interest rates low, right where they are now as a matter of fact, and instead of rejoicing, what are we doing? Worrying about what that will do to our economy. How much will we borrow? Are we going to send ourselves right back into a recession?