cold as ice....rates moving a bit..

its cold and windy with some minor snow squalls - david dodge the bank of canada governor announced yesterday - he was surprised by the slow down during the final quarter of 2006 (i dont know why - common sense would tell you the US was slowing and we would follow - as oil and gold softened). The bank of canada kept the rates steady and appear to be comfortable with rates as they are - they are projected growth to grow to appr 2.8% later in the year - likely due to strengthening oil and gas along with stronger gold prices - this could cause rates to ease a bit if they think it is growing too fast - I suspect any drop in rates will be seen in late 2007 or early 2008. Time will tell