RE:RE:RE:RE:Bank of Canadathose were dark days, when mortgage rate reached 18-20%
let us hope bank of canada or the fed do not have a hiddin agenda
and will drive interest rate to those carzy levels,
even 10% rate will have drastic effect
on the other hand,
if i remeber well, BoC to have a further 75bp of hikes, bringing the overnight rate to 4% in the fourth quarter of 2022, dropping to 3.75% in the third quarter and 3.25% in the fourth quarter of 2023. It predicted that the BoC would keep lowering the policy rate, reaching 2.75% in the first quarter and 2.5% in the fourth quarter of 2024.
thay is if they do not have a hiddin agenda, time will tell