Scotiabank CEO isn't concerned about high debt levels in Canada because the "other side of the balance sheet....has kept pace or exceeded those overall debt levels." Which is code for: Don't worry, house prices keep going up! https://t.co/27hldI51xE
@Schtaunkhauser https://t.co/bu0h70Lhq7 I found this humorous. Clearly way to many people own second homes in BC. Owns a second home in Vancouver (lives on Saturna) to do doctors and lawyer appointments. Why don't they pray the tax works and lowers house prices, then the tax won't be so bad!
@SteveSaretsky @hmacbe I think his hand is already forced. Up up and away with rates. The fact the US raised the target neutral rate is huge. Bank of Canada already admitted earlier that our target rate should be closer to 3% as it is.