Canada has been very busy lately, working hard on their booming oil market, the world has been truly jealous. With sound monetary principles and an economy worth writing home about, Canada has been the model of success. And now back to reality...
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Sources Used in This Video:
https://goo.gl/UpprQe
Bank of Canada increases overnight rate target to 1 per cent - Bank of Canada
http://www.bankofcanada.ca/2017/09/fad-press-release-2017-09-06/
Canada Interest Rate | 1990-2017 | Data | Chart | Calendar | Forecast
https://tradingeconomics.com/canada/interest-rate
Big banks hike prime rates after Bank of Canada tightens monetary policy - Business - CBC News
http://www.cbc.ca/news/business/rate-hike-impact-1.4276931
Bank of Canada, major lenders hike rates as economy roars - The Globe and Mail
https://beta.theglobeandmail.com/report-on-business/economy/growth/bank-of-canada-hikes-interest-rates-as-economy-roars/article36182110/?ref=http://www.theglobeandmail.com&
When you borrow against your home, then interest rates rise - The Globe and Mail
https://beta.theglobeandmail.com/report-on-business/top-business-stories/when-you-borrow-against-your-home-then-interest-ratesrise/article36163885/?ref=http://www.theglobeandmail.com&
financial,finance,stocks,stock market,money
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Canada's red hot economy is: Security guards in groceries stores, bailiffs and government friends.
Massive government here in Canada. People want the government to do everything for them here.
Speaking of debt the US just increase the debt ceiling again...lol I thought they would drop the economy this fall but looks like it's going to take a bit longer.
More debt to keep the system alive longer but ultimately crushing it harder.
Real estate needs to crash to make housing affordable for those who are priced out of the market now. There is no other way. I will be cheering for prices to decline, the sooner the better.
I agree. But people don't see it like you and I. They want their "wealth" to increase.