Forum

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Mortgage Broker News | 22 Jan 2015, 07:24 AM Agree 0
Yesterday’s interest rate cut by the Bank of Canada was not widely expected and has not been universally welcomed but it’s certainly got everyone talking.
  • Gary | 22 Jan 2015, 09:26 AM Agree 0
    So, I ask...is the government finally conceding the fact that we have NOT crawled out of the hole created 5 years ago? Holding the Prime steady as they have for years and now a drop-with the possibility ( slight or otherwise ) seems to argue with their propaganda machine
  • Dave | 22 Jan 2015, 12:04 PM Agree 0
    This move would not have been made if we didn't have the drop in oil prices. This rate cut is unrelated to the financial situation of 5 years ago that the propaganda machine wasn't responsible for! It would be nice to think Canadian Government has this much control over the world financial markets!
  • Dave | 22 Jan 2015, 12:04 PM Agree 0
    This move would not have been made if we didn't have the drop in oil prices. This rate cut is unrelated to the financial situation of 5 years ago that the propaganda machine wasn't responsible for! It would be nice to think Canadian Government has this much control over the world financial markets!
  • Dominc | 22 Jan 2015, 02:55 PM Agree 0
    Past 10 years were the best chance for the economic growth, but our government chose to be on the wrong side of the fence with their policies. Our government bet on a single horse and that horse broke his legs. The oil dropped down and the dollar subsequently to $0.78xx after BoC rate drop today slightly above $0.80 and this is not the end. Wave of unemployment that our government is withholding information on is going to increase and increased is the defaults in obligations. Canadians are victims of manipulation of information as to the economy and to my estimation we are in recession for past 12 months. It was a wrong move and lack of prudence to go against US. They have cleaned their house already from the disaster in 2009, but our government denied part of and responsibility for. Bottom line: You pay now or you will pay later. Later seems to be logical choice for our institution result of which is an increased unemployment (yet to be announced in 60-90 days) with sky rocketing household debt with 163% ratio announced last time about year ago as a part of misleading process for the public it is today at lot higher rate. As a result, million dollar properties will go back to their true values of $450,000, $800,000 back to $250.000. Liberal provincial government will implement carbon tax not as a tax for the environment, but as a result of catching up with lost revenues as they believe that you could have done it without complaint when the gas was at $5-$6/gallon you will do it now.
Post a reply