Global economy strong enough for stimulus to be ‘steadily withdrawn’, says Bank of Canada’s Stephen Poloz

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Remarks come as central bank signals it will continue to raise its interest rate

 

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It’s time to end the culture of begging and needing free stuff. Start making important life choices.

Guess why they implemented the stress test. To fucking stress the test!!!!😂

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Canadians should get used to idea of 3% interest rates, says Bank of Canada’s Stephen PolozSignals that future hikes could arrive sooner than previously expected Ouch! Time to sell! Only issue with Bank of Canada assessment is the lack of meaningful wage growth for lower income earners. Debt accumulation is not because of overspending or poor budgeting this time. Higher income earners have more flexibility in their budgets to adjust to rate changes this time Thanks Trudeau...ya Dope!!
Source: nationalpost - 🏆 10. / 80 Read more »

Bank of Canada will keep raising interest rates, Stephen Poloz saysMonetary policy in Canada is still stimulative despite an increase in interest rates last week, central bank governor said Until the government can't pay interest on its debt anymore. Then what's left of the artificial housing bubble in the Dominion will collapse. I'm glad all of Canada can go get screwed cuz the ppl od TO and vancity dont know how to budget
Source: nationalpost - 🏆 10. / 80 Read more »