Bank of Canada raises interest rate to 1%

Discussion in 'Economics' started by ASusilovic, Sep 8, 2010.

  1. Should be the last of the increases for a while now. The Canadian economy has cooled from Q1. The previous three hikes should keep inflation in check. Housing is down from the highs but has stabilized. Early indications are for a solid employment gain for August. CAD has been stable for a while now. The way I see it, we are just muddling along right now. Slow growth overall, but certainly plenty of places to make money.
  2. +1 :D