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Canadian I R Shock As Rates May Have To Rise Further

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OTTAWA (CP) - Interest rates may have further to rise to cool an economy that's running at full capacity, Bank of Canada Governor David Dodge said Wednesday.

That which brought inflated house prices to so many is now bringing a dose of cold reality and much financial pain. :o

Edited by Realistbear

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I think everyone one is aware there will be a "leap frog" effect? Differentials will matter

We may well see a bidding war for IR--each nation trying to attract currency by raising rates which is comparable to the time when buyers bidded up house prices when the market was rising. It is possible that we could be returning to normal rates once again--around 7% on mortgages? About 2% from where we are today.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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