Former Bank of Canada governor David Dodge discusses the central bank’s update on Canada’s financial stability.
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If only this PoS finance Minister comprehended basic economics 101
If rates come down that means the economy is screwed…
Inflation is the highest I’ve seen right now I do not see interest rates going down, they will go up even further.
Thanks Trudeau and his stooges
If canadians have money for hockey game tickets, tim hortons , soccer games big screen t.v. and mariwana then let them suffer the consequences consequenses
Endlessly printing money and raising taxes turns out to be a bad idea . . . .who knew? Justin prints the money, Freeland steals the money and Jagmeet drives the get-away car!
Delusional
Take away negative amortizations. That is the reason defaults are low.
Trudeau's government and the NDP have destroyed Canada. Shame on them!
Get out of the Canadian dollar while you can.
David Dodge, like most central bankers, is careful not to create panic. However, I am not a central banker and can be more candid. If you're struggling to afford a 2.5% interest rate on your mortgage, you'll be screwed when you have to renew at a much higher rate.
Vassy ; the official '' interrogator ''…..?….later gaters….
Mr. Dodge, drives a Tesla….?..better than that ' other ' cheap, toy junk….
This is an international problem.
??
If you can't afford 2 or 3 % higher mortgage rates at renewal, you bought a house over your price range.
Just like if you buy a car and can only afford the payments with a 6, 7 or 8 year loan, you bought a car way over what you can afford.
And by the way? Practically every country in the world is living the same thing.
In Canada we have real estate crisis because of mortgage income document fraud. The financial regulators such as osfi, fintrac , fsra, need to do more. Mass mortgage income document fraud is creating chaos in real estate. This must be stopped. Link up banks with CRA is the only solution
Kanadastahn is the next Venezuela ?? ??
We got fed up with the mortgage games the banks & governments were play when our renewal came up during covid. Banks won't allow you to get rid of debt quickly without charging you penalties. We called a broker & changed to a HELOC. Since then we have been scrambling to make our debt go away.
"Such a great deal in 2020 and 2021" You mean a great deal on the rate, values were severely inflated at that time as well. Great deal if you're selling i guess
STOP CUT DOWN TREES, WILDFLOWER!!MOWING SHOULD BE ILLEGAL!!!NO NOISE, NO POLLUTION, SUPPORT WILDLIFE!!!