June 2nd, 2010 
Category: 
Well, it’s official: the Bank of Canada’s governer, Mark Carney, has raised the benchmark overnight rate by 0.25%. It’s only a matter of time before prime rates and variable mortgage rates follow suit.
In other news, Germany has expanded the naked short selling ban to include all shares, cash-strapped Greece is looking to sell off assets (remember when there was speculation that they would sell off some islands to Germany?), and the Canadian Real Estate Association is expecting housing prices to fall slightly next year.
In different news, cracking digital encryption is going to become illegal in Canada.
So, what are your thoughts on the recent interest rate rise? Mark Carney has not yet committed to future rate hikes, given the still uncertain global situation, as well as the relatively strong Canadian dollar. I’m looking forward to hearing your thoughts!
My DIY stock portfolio is overweight in Canadian oil producers for a reason. I believe Oil consumption is on the path of growth for the next decade and I intend to take every advantage possible of it:
[...] too long ago, the Bank of Canada raised the benchmark overnight rate by 0.25%. The ongoing sentiment at that time was that the Canadian economy was starting to heat up, and [...]
if they raise interest rates they better think twice it will turn us into droping our keys off at the bank they can them i will be renting along with so many maybe a better think less stress
Dave, interest rates aren’t going anywhere anytime soon.
Check out this post: Canadian Interest Rates: 2011-2012 Forecast http://www.beatingtheindex.com/canadian-interest-rates-2011-2012-forecast/