BCThink about someone in British Colombia right now:
2 year fixed mortgage is 6.79%
5 year variable 7.08%
Price of gasoline is 1.99 in Surrey a litre.
Analyts are welcome to keep pumping all they want but the consumer will have the final say in how this ends.
The fact that Canada is just starting to show neg GDP growth is scary in June.
Going to be much worse by end of 2023. Still been stable employment and consumer spending from savings.