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Canada

Fiendish Thingy

(18,862 posts)

2. The BOC sacrificed the Loonie to protect the housing market

Reply to arikara (Original post)

Mon Feb 8, 2016, 05:38 PM

Feb 2016

Dropping interest rates twice last year, and not following the Fed when it increased rates last November. This tanked the Loonie, making food more expensive, as well as making mortgages more affordable. Many Canadians are in debt way over their heads, and the bubble will pop sooner rather than later. Hopefully, the BOC will gradually raise rates, bring the Loonie back in line and bring grocery prices down to earth.

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Many Canadians struggle to put food on the table [View all] arikara Feb 2016 OP

I've watched prices at Superstore, Extra, and Save-On EllieBC Feb 2016 #1

I know arikara Feb 2016 #3

Thanks for the welcome! EllieBC Feb 2016 #5

The BOC sacrificed the Loonie to protect the housing market Fiendish Thingy Feb 2016 #2

There has been a commodities crash you know...Canada cannot raise rates... Lucky Luciano Feb 2016 #4

Yup Fiendish Thingy Feb 2016 #7

Thank you for the post arikara inanna Feb 2016 #6

It is to us as well arikara Feb 2016 #8

It's a constant struggle laundry_queen Feb 2016 #9