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Mortgage Broker News | 20 Jan 2016, 08:13 AM Agree 0
Lowering interest rates would do more harm than good right now, according to an observer
  • Walid Hammami | 20 Jan 2016, 09:33 AM Agree 0
    We had weak loony for years before this situation. Manufacturers and producers benefited from it with a narrow minded vision. Instead of investing the profits to increase productivity by improving processes and investing in technology, they spent the money in extra bonuses and expenses.
    Rate cut is definitely not the solution to the problem because it's not the root cause.
  • Steve | 20 Jan 2016, 01:27 PM Agree 0
    government goal for US exchange as been 67 cents for about 2 years. I'd say that their strategy is working just fine.
    parity with the US dollar has not been a goal of any government. High US dollar encourages Canada to supply itself, makes manufacturing plausable...
    As well, I doubt this guy has ever paid rent, so he doesnt understand how happy these "hurt " people are to get into a home
  • John | 20 Jan 2016, 05:44 PM Agree 0
    The Bank of Canada strategy will not work if the banks don't lower there rates in conjunction with the Bank of Canada. The Banks are more concern about there profits then the Canadian economy.
  • Doug | 20 Jan 2016, 09:52 PM Agree 0
    I don't think our manufacturers can complain now that they can't sell to the US our biggest trading partner. We had seen this coming for a couple of years now. With low rates we may not outperform but we do not run the risk of chronic defaults on the debt side. I applaud the bank of Canada for doing this. This should spur some renewed vigor in manufacturing activities. Let's also keep more of our dollars at home and reinvest in Canadian recreational and hospitality businesses. Let's get the Americans to come here now and spend some of their money.
  • Daniella | 22 Jan 2016, 02:28 PM Agree 0
    I know some guys in Florida, they just simply can't wait to take some vacations in Canada, to take advantage of low currency. They want to go tobogganing.
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