Bank of Canada cuts benchmark interest rate to 0.5%

All this does is increase Canadians' debt. Are we going to go into European territory, negative interest rates? WE keep waiting for Poloz to raise rates to show the economy is recovering, and it ain't happening. The rate hasn't been raised since 2010.

Much better to open the taps a bit with some stimulus money.

Poloz?

It's a great time for anyone looking to get into the housing market, buy a vehicle or even a vacation/rental property.

Unless the economy finally does recover and interest rates rise. The a lot of people will be sitting there stunned "wha happen?"

Is this the picture of a recovering economy?

Capture.PNG

Poloz, Stephen. Governor of the Bank of Canada.

People have been saying that since I bought my first house in 2003. A new car and a cottage later, the rates keep dropping.

If you're always scared about what might happen, you'll never move forward.

Poloz, Stephen. Governor of the Bank of Canada.

ok, thanks. Makes more sense now.

Canadian dollar plunges to post-recession low after central bank cuts key interest rate

https://ca.news.yahoo.com/canadian-doll ... 43615.html

And the only way to raise the loonie, beyond an oil shortage, would be to raise interest rates!

We're going to be in the same boat as Japan, where they couldn't drop interest rates enough to stop deflation.

The low dollar should help our exports, so maybe it will act as a bit of a stimulus. I think everybody is holding their breath, hoping the US picks up and leads us out of a recession, like it did when Paul Martin was cutting away.

Man, they are really desperate to keep things going until the election.

At this point, Harper should want to lose, because the crash coming after
will be really impressive.

No shit.

Hike the interest rate, deal with the crash, and carry on. It seems like the only way out is for it to hurt.