Monday, October 18, 2010
Bank Of Canada Descsion
Look for the rate to remain the same tomorrow from the Bank of Canada. I believe this will be a long pause. Canada is still better off then our US neighbors and Europe. There are still though fundental growth problems out there. If we do not have coninous growth with job employment we will not be having run away inflation. The job of rasing the prime rate is to slow growth and inflation. So llok for a hawkish tone from our governor not to go into anymore debt. Realty is we have been in a deacde of low interst rates and that is not going to change anytime soon.