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Canada

Fiendish Thingy

(18,862 posts)

7. Yup

Reply to Lucky Luciano (Reply #4)

Tue Feb 9, 2016, 01:12 AM

Feb 2016

Harper decided to bet the majority of the economy on energy and FIRE (finance, insurance, Real Estate), making up over 30% of the Canadian economy, compared to 15-20% in the US, and now Treaudeau, Poloz and Mordeau are left with only bad and worse choices. Mortgage rates will rise regardless of the BOC's rates, and combined with Canadian debt and rising unemployment, bring down the housing market; the only questions are how soon, and how quick and deep will the correction be?

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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