Quote:
Originally Posted by JDMStyo
If BOC listens to the advice financial market is telling it - we may see a slower hike back to 6% prime the next 3 years. If it's faster...then the real estate + banking sector will be in a world of hurt taking everyone else along with it.
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The BOC only has one responsibility and that's the value of $CDN by controlling inflation. What it does to Joe Blow is none of their concern. Harsh but that's the reality and the government has no control over the BOC.