Student's killer on parole
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LeBlanc laying groundwork
US vetoes UN resolution
$100M Nassar settlement
12 Trump jurors picked
Rates slow green economy
Vicinity hires president,
Record housing starts
Warriors ready for Round 2
Kalamalka Bowl cancelled
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Rihanna's parenting ‘hack’
Tarantino scraps film
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It seems the big banks have learned something from the oil industry. You can stick it to consumers and get away with it, just because you can. No level of government will get involved even when it is blatant gouging.
Raising interest rates on mortgages based on an imaginary Bank of Canada rate increase is utter nonsense.
Anyone with mild intelligence can see that Canada is in for a drastic reduction in GDP for at least the next four years. Donald Trump has made it abundantly clear there will be no free trade. Our lumber, beef and dairy exporters are going to be hit hard along with anyone affected by country of origin labeling and safety standards.
Life will not be the same for Canada.
The last thing the BOC will do is raise interest rates. In some cases, the mortgage rate increases are almost equal to the total amount they pay on savings accounts.
They can spin it anyway they want, but the bottom line is they are just lining their pockets at the consumer’s expense.
Gord Marshall
