Comments on: The BoC Is Waiting For Full Employment To Raise Rates. Banks Say Canada Is Past That https://betterdwelling.com/the-boc-is-waiting-for-full-employment-to-raise-rates-banks-say-canada-is-past-that/ Canada’s Fastest Growing Real Estate News Source Wed, 15 Dec 2021 18:26:50 +0000 hourly 1 By: GTA Landlord https://betterdwelling.com/the-boc-is-waiting-for-full-employment-to-raise-rates-banks-say-canada-is-past-that/#comment-77864 Wed, 15 Dec 2021 18:26:50 +0000 https://betterdwelling.com/?p=19098#comment-77864 In reply to Christopher Barclay.

I think you’re missing that this was intended. Tiff said it was “needed” at the beginning of this year. What he didn’t elaborate on is the reason — they need to erode the government debt by killing your savings.

]]> By: Jamie https://betterdwelling.com/the-boc-is-waiting-for-full-employment-to-raise-rates-banks-say-canada-is-past-that/#comment-77863 Wed, 15 Dec 2021 18:25:26 +0000 https://betterdwelling.com/?p=19098#comment-77863 In reply to expat.

Were all central banks this bad, or is this wilful blindness unique to Morneau’s dude?

]]> By: Christopher Barclay https://betterdwelling.com/the-boc-is-waiting-for-full-employment-to-raise-rates-banks-say-canada-is-past-that/#comment-77862 Wed, 15 Dec 2021 18:24:31 +0000 https://betterdwelling.com/?p=19098#comment-77862 In reply to Pdub.

Completely. They knew what the size of the problem was by Spring 2020 and there is zero chance the guess they made was 100% correct on the first try.

]]> By: Pdub https://betterdwelling.com/the-boc-is-waiting-for-full-employment-to-raise-rates-banks-say-canada-is-past-that/#comment-77860 Wed, 15 Dec 2021 18:21:51 +0000 https://betterdwelling.com/?p=19098#comment-77860 The rate drop probably should have been reversed in the Summer of 2020 after it became clear CERB was enough to keep things mostly stable. I can’t fault them for reacting aggressively early on, but policy on rates and QE since June-July of 2020 has been reckless.

]]> By: expat https://betterdwelling.com/the-boc-is-waiting-for-full-employment-to-raise-rates-banks-say-canada-is-past-that/#comment-77857 Wed, 15 Dec 2021 18:18:00 +0000 https://betterdwelling.com/?p=19098#comment-77857 Well then. Business as usual!

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