High dollar concerns
A CBC piece from last week that illustrates the disparity in the current economic situation in Eastern Canada compared to the so-called oil-rush in the West.
If interest rates go down, what will happen to the Canadian dollar and inflation?
Playing to our economic weaker half is an anti-competitive and short-sighted idea that could create the mother of all housing bubbles - much lower interest rates are not going to solve anything while uncontrolled global inflation is in play - short term rate drops now could bring the possibility of an early 80s style interest rate shock back into the equation.
It's worth noting to those unaware: Stephen Harper is one of those rare Canadian prime ministers who hails from the West.
From Mediascrape.
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