Between 2000 and 2016, average mortgage interest rates fell by almost two-thirds.
bank of canada
From 2000 to 2014, the maximum mortgage for the average family grew by 126 per cent.
In countries whose currencies have risen against the U.S. dollar, there’s “flow-through deflation” as imports get cheaper.
The Liberal government remains committed to a misguided fiscal policy approach that spends borrowed money in the hopes of increasing prosperity.
The Bank of Canada and other central banks around the world have artificially lowered interest rates, making investment and risk-taking much cheaper.
With Canada’s current unemployment rate of 7.1 per cent, there’s more slack in the Canadian labour market than in the U.S.
A higher target rate will raise uncertainty about future inflation and be costly for the economy.
Interest rates are low because of demographics; an aging population of savers creates a borrower's market
Back when my paternal grandparents were alive, they lived with thrift as their constant companion and spent little more than necessary, splurging only on others.
Every spring, my grandmother would can a plethora of fruits and vegetables from her Okanagan garden. In anticipation, she saved every plastic bag for use in canning. As a kid, I thought it odd behaviour. But of course, I had no knowledge then of the shortages she, her siblings and parents endured in the Soviet Union in the 1920s before they emigrated to Canada.