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Old 05-17-2017, 08:25 PM   #6
Mover
2nd Gear Member
 
Join Date: Sep 2008
Location: TO
Posts: 129
Quote:
Originally Posted by Bullet Ride View Post
There are a lot of factors that a juicing the markets right now, but the biggest one IMO is that this is the effect of an extended period of low interest rates. The markets are near all time highs in terms of valuations, yet a 0.5% increase key interest would put us into a recession and half a million Canadians probably won't be able to afford their mortgage. That sounds like poor monetary policy if you ask me.
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I agree with the above.

Lets not forget the guy to the south of us meaning Trump. Canada has historically followed US interest rates (they have to if you think about it) and Trump considers low interest rates to create a 'false economy' in his own words.
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