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  #1  
Old 11-28-2009, 06:18 AM
Rickson9 Rickson9 is offline
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Default Long live low variable rate mortgages!

The Bank of Canada could keep its benchmark interest rate accommodative through 2015. Let the party continue!

http://www.financialpost.com/news-se...tml?id=2277574
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  #2  
Old 11-28-2009, 02:39 PM
trent trent is offline
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Or the market can force the rates 4 times higher by 2015. It's all speculation...
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  #3  
Old 11-28-2009, 05:22 PM
Rickson9 Rickson9 is offline
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Quote:
Originally Posted by trent View Post
Or the market can force the rates 4 times higher by 2015. It's all speculation...
Its speculation to think that the market can force rates higher, so the argument that it can remain the same until 2015 is just as valid.
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Last edited by Rickson9; 11-29-2009 at 04:42 AM.
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  #4  
Old 12-01-2009, 02:23 PM
trent trent is offline
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Look what's happening with rates in Australia to see what you can expect to happen here very soon. Keep in mind that their economy is very similar to ours.
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Old 12-02-2009, 07:14 AM
Rickson9 Rickson9 is offline
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Quote:
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Look what's happening with rates in Australia to see what you can expect to happen here very soon. Keep in mind that their economy is very similar to ours.
I've never read that Australia's economy is in any way, shape or form, similar to Canada. I have only heard the opposite. I wouldn't mind a source or link to educate me further.
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  #6  
Old 12-02-2009, 03:23 PM
Elli Davis Elli Davis is offline
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Quote:
Originally Posted by Rickson9 View Post
I've never read that Australia's economy is in any way, shape or form, similar to Canada. I have only heard the opposite. I wouldn't mind a source or link to educate me further.
Same here. How is Australian economy similar to that of Canada?
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