time flies - its the end of july

time flies - and interest rates have held steady for a few weeks - will they go higher ????
Probably -but likely not more than 1/2 of a percent.
the canadian dollar will likely do the majority of the work for the bank of canada and slow the economy - but a disturbing item is the current retail sales which showed a dramatic increase.... to me that means our exports are expensive due to the dollar and the imports are cheap - so people are buying - but are they paying cash or using credit ??? My gut says credit and that will eventually cause a credit crunch - payoff debt - consolidate - reduce your monthly costs - batten down the hatches and await the coming storm - it may not be this year - but likely sometime next year we will see problems arise
greygoose out