Quote:
Originally Posted by bdub
Bank of Canada surprised with an end to its quantitative easing program today but left the benchmark rate at 0.25%. Signal from them is to start raising rates starting next year, perhaps three times. Instant pop in the CAD$. They are getting worried about inflation.
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Will be a whole different ball game next year , as the inflations number continues ticking up . Will be more pain for lots of people and small business.