Canada – the Reality from a Canadian
COMMENT: By almost any metric, Canada is worse off than it was 10 years ago when the Liberals took power. Canadians are poorer. Public services have deteriorated. People are dying [...]
We are beginning to see interest rates rise globally in the free market. After BREXIT exposed the crisis in Europe, the rates began to rise in the peripherals. That will move closer toward the core. The Fed will respond only when the capital sees what is unfolding in Europe and shifts to the States. The US will be the last to see rates rise. The Fed has recognized that it needs to raise rates to prevent a pension crisis, but the first step would be to stop paying interest on excess reserves. That would conform to a rate raise.