This just in!!!....same old same old.
http://www.theglobeandmail.com/report-on-business/economy/interest-rates/bank-of-canada-softens-stand-on-rate-hike/article4630682/
This morning, Mark Carney informed us of what we already know. Canada's hands are tied when it comes to interet rates.
With the US printing money like it is growing on trees (it might as well be)....and the world economic outlook looking more like doom and gloom each day, is anyone surprised?
The Canadian dollar is hovering at - or above - parity.
The US economy is limping along.
The economy is in the tank over seas.
The bottom line is that everyone is trying to trash their currency to boost their economy.
My only wish?....that I could go back in time and change ALL my mortgages to variable.
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