Re: Monetary policy is basically a jokeMonetary whip sawing of interest rates not only created the elevated value of not only houses but also many other asset classes..............for what purpose is this allowed to continue.........if a normal recession had taken place when the business cycle said we would not be in this dilema of 100,000 + people at risk of losing their homes...........this problem is direct consequence of bank of canada policy........thiscis a central bank who has failed the interests of canadians