well the new budget has come out - not much to report for the average canadian investor. the capital gains tax wasnt mentioned - very little in the way of tax reductions - the majority of the funding went to the provinces especially quebec - in order to appease them in the event of an election - very political budget.
Then comes the inflation report -as outlined previously we have more inflation than meets the eye - but last month the major increase was housing and fuel - this was due to a blip in the bond market - possibly to slow the mortgages during rrsp season..?.....and the gas shortage due to a strike and refinery fire -combined with colder weather...now the panic begins with speculation of the bank of canada possibly raising rates.
One report does not make a trend - i believe we will see inflatin settle down a bit and the boc will likely keep rates constant -
greygoose out
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