Quote:
Originally Posted by iEatClams
I just hope Canada doesn't end up in a stagflation type of stage. Where we have prices and inflation increasing (gas, housing, transportation, insurance, food, utilities etc), but low economic growth.
Perhaps the BoC will start raising raises if inflation keeps going up.
On another note Banks are starting to increase their 5 year mortgage rates.
Royal Bank to hike some mortgage rates starting Friday - Toronto - CBC News |
not sure why RBC has this approach, but it seems like they will get more marginal profit....
Chance of rate cut rising as markets anxiously await details of Trudeau?s stimulus rescue | Financial Post