Yea, BoC fukked people so hard I wonder if it was by design. I expected rates to go up, but this whole thing is fukked up. Since we're the US's lapdog BoC has to follow the Fed and the Fed fukked up themselves. Their housing market isn't as bad though and food prices not nearly as bad as here. Canada getting exposed something serious. Like father like son, but at least Sr did more for the country than his idiot "the budget will balance itself" son.Also this:
"If you've got a mortgage or if you're considering making a major purchase, or you're a business and you're considering making an investment, you can be confident rates will be low for a long time," Macklem said at a 2020 news conference while announcing rates would remain unchanged at 0.25 per cent.
source: https://www.cbc.ca/news/economy-inflation-column-don-pittis-1.6671963#:~:text="If you've got a,unchanged at 0.25 per cent.