True North Commercial REIT T.TNT.UN

So whats going to happen?

[SNAKEYBOY]

If CORE inflation still goes up or stays above 4%? If I was going to hike rates to the highest in 20 years I would at least be confident it WOULD WORK.  The fed is going to have an egg on their face!

[rabnud]

you all can beleive what you want and maybe in the old days high interest worked on infaltion but I say high interest fuels inflation 

[SNAKEYBOY]

The issue is rates are not effecting most non-interest rate sensitive services/goods...people need to eat, drive etc.  They have savings to do so.  CRE and banks will crumble first. And yeah the interest rates WILL no doubt make housing shortage in canada WORSE

[rabnud]

Here is a welcome commen sense request from non other than the premier of BC British Columbia’s Premier, David Eby, has taken a bold stance on the looming interest rate hike in September, expressing his concerns in a letter addressed to Governor Tiff Macklem of the Bank of Canada. Eby emphasized the adverse impact that this rate increase could have on the people of British

[SNAKEYBOY]

Yes its about time, subsituting higher goods/services costs for massive mortgage payments is just transferring the problem. 

[rabnud]

Now Ontarios Premier Ford is asking the same as the BC premier NO MORE INTEREST RATE increases 

[SNAKEYBOY]

yeah its politics the premiers gotta appear to be fighting for their constituents, and want to see their many houses go up in value.  but yeah i dont think raising rates is  going to do anything ...till something braeks