Bank of Canada stays the course

No change in the interest rate folks. imho the bank is saying (on Wednesday March 9) that the low interest rate is good for the economy because buyers are investing in new homes and then all the follow on activity that occurs: renovations, new appliances etc. that keep the ancillary businesses booming.  The bank clearly prefers some inflation in the prices of homes rather than run the risk of a slowing economy and deflationary pressures.

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