Bank of Canada increases overnight rate target to 1 per cent

Re:Bank of Canada increases overnight rate target to 1 per cent by randomdata on Wednesday September 06, 2017 @03:30PM (#15186440)

That may be an exaggeration as well. As a resident of Southern Ontario, but not Toronto, the CREA data shows that home prices in my area were stagnant, to slight decline, for most of the last decade. It has only been in the last year that any meaningful price appreciation has been observed. And I attribute the recent price appreciation to an improving economy and near record low unemployment (currently 2.9%).

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Re:Bank of Canada increases overnight rate target to 1 per cent by dblohm7 on Wednesday September 06, 2017 @04:27PM (#15186865)

And regardless of the scope of the bubble, even if we conceded that it is all of BC and ON, the fact remains that the Bank of Canada has to act in the best interests (ha) of the country as a whole.

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Re:Bank of Canada increases overnight rate target to 1 per cent by crescentfresh on Wednesday September 06, 2017 @04:09PM (#15186723)

Also as a resident of Southern Ontario, but not Toronto, I concur.

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