RE:Interest Rates Going Up - Oil Going Down = Market BAAAAAAAADIt seems that rates will be steady for the next 6 months. I hope rates stay down for longer however there are too many things to take in consideration to forecast. The only sure thing is that BoC as expected was wrong about how temporary the inflation will be. South of the border, there are some voices suggesting that the inflation will subdue after the holidays. We'll have to see about that.
It's a fact interest rates movement affect the market. While such changes take up to a year sometimes to be felt fully, the market reacts super quick to movements in either direction. As a general rule, rates move up, market retreats; and the opposite. Keep in mind that there are also stocks that flourish when rates for up, mostly financial institutions.
Personally I think there is NO WAY Canada will raise the benchmark before US does. When rates will go up, I suspect BoC will move as slowly as possible as the debt level in Canada is off the charts.
FiddyFiddyOddz wrote: https://www.baystreet.ca/marketupdates/10668/Stocks-Tumble-by-Noon