http://www.gregwilliamson.ca/blog/2010/03/13/stay-tuned-its-in-your-best-interest/ Canadian and Alberta Real Estate and Mortgage Market Information with a slant toward positive comments in light of all the negative information out there Wed, 08 Sep 2010 19:24:07 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.gregwilliamson.ca/blog/2010/03/13/stay-tuned-its-in-your-best-interest/comment-page-1/#comment-2908 Jason Dodd Fri, 23 Apr 2010 13:40:20 +0000 http://www.gregwilliamson.ca/blog/?p=693#comment-2908 It seems when it comes to news we either have to pick one extreme or the other. Rates are rising so it has to be rapid and fast. In my opinion the raises in Prime rate will be more measured and slower on the return up. Why? Twice in recent history Canada has tried to stray too far from the our Elephant to the south the US. Both times we reigned back to match them. US is not in recovery mode yet and their mounting debt, foreclosures and bank failings are evident of much work to be done. We stray to far from our economic partner and we might get lost as well. Yes Prime will rise but quickly remains to be seen. Too much economic disparity with Canadian borders to go too high and fast on our prime. Our exports and manufacturing will struggle and even our oil and gas industry will suffer if we allow our dollar to go too high. Our Bank of Canada is walking a tightrope, better stay balanced for awhile while we figure it all out. It seems when it comes to news we either have to pick one extreme or the other. Rates are rising so it has to be rapid and fast.
In my opinion the raises in Prime rate will be more measured and slower on the return up. Why? Twice in recent history Canada has tried to stray too far from the our Elephant to the south the US. Both times we reigned back to match them.
US is not in recovery mode yet and their mounting debt, foreclosures and bank failings are evident of much work to be done. We stray to far from our economic partner and we might get lost as well. Yes Prime will rise but quickly remains to be seen. Too much economic disparity with Canadian borders to go too high and fast on our prime. Our exports and manufacturing will struggle and even our oil and gas industry will suffer if we allow our dollar to go too high. Our Bank of Canada is walking a tightrope, better stay balanced for awhile while we figure it all out.

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