I believe we will see some response from the bank of canada this week - as they meet - i think on the 24th. Will they move prime up ? - tough to say - there are a lot of signs which would allow them to move up - but the canadian dollar is approaching 90 cents and I am sure they dont want to see if skyrocket.
Mortgage rates have moved up as spreads have declined - i am betting they will leave rates as is..but provide a hawkish outlook for the future..
what will happen in the future - i have this impending feeling of ultimate doom -the stock market will eventually tank after everyone climbs on board and a liquidity crunch will ensue...lets hope i am wrong
greygoose out
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