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[POLL] Should Bank of Canada Raise Interest rates?


shalab
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Should Bank of Canada raise interest rates?  

26 members have voted

  1. 1. Should Bank of Canada raise interest rates?

    • Yes
    • No


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USD/CAD is at 1.335 - this is artificially high.

 

Currently the Canadian interest rate is at 1.75% a full 50-75 basis points lower than the US interest rates

 

Canadian central bank can achieve several goals by increasing the interest rates to be on-par with the US:

 

- allow Canadians to buy assets overseas more cheaply - including investing in US equities

- make imports cheaper from the US and other countries

- burst the housing bubble, making the properties more accessible to average people

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