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Bank of Canada announces rate

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Real Estate Professional | 07 Dec 2016, 10:25 AM Agree 0
The Central Bank has made its final rate announcement of the year
  • Pauline | 07 Dec 2016, 10:52 AM Agree 0
    Lower food prices!! That statement is utter hogwash!! Not only have food prices gone up drastically, packaging has decreased in size and the contents are less. Effectively, we have had food increases of 20% and rising! Disposable income is less, household debt has never been higher and we are poised for a huge correction, to the detriment of over-worked, Canadians. No wonder banks aren't really very excited about mortgages, because the return on credit card debt is FASTER ! MERRY CHRISTMAS.
  • zahid ali | 07 Dec 2016, 11:11 AM Agree 0
    Hogwash is right regarding Lower Food Prices...obviously those blessed and gifted people do shop for groceries...then again why should they..when they are able and allowed to eat on our dime.
  • Annette B. | 07 Dec 2016, 11:47 AM Agree 0
    Obviously the goverment and we don't shop at the same stores. Stats Canada shows that meat, fresh frui, eggs and fresh vegetables have gone down year over year between -7.4 to -3.5. Not in my neighbourhood.

    But holding rates is a move in the right direction - because feds have already made purchasing a home so much more difficult for first time buyers because of the stress test requirements.
  • MC | 07 Dec 2016, 11:50 AM Agree 0
    Exactly, who is going to support all the wonderful programs our great government is constantly delivering for the masses who have never paid into the trough. At 67 yrs. of age and having worked for 48 yrs....I am disgusted with the hogwash and clearly know I will probably still be working at 75. We are in terrible times and our so called leaders are blind and haven chosen to ignore the people and their concerns. However, giving our country away and abuse of taxpayer dollars is not working and we are not far from a uprising...I am concerned that eating a balanced meal may be sooner than later, for the wealthy only...
  • DC | 07 Dec 2016, 12:02 PM Agree 0
    To anyone who voted for Trudeau, you deserve this, and the economic malaise that will continue for some time, while our neighbors to the south will see their economy boom. Every person in a food bank line up, worried about their bills, or working well into their old age deserve it, as they voted for this. As do the millennials who value warm fuzzy feelings (giving billions to foreign countries, and saying sorry to everyone) over tough economic decisions (pipelines, reducing taxes, leadership). Our PM is a complete joke.
  • susan | 07 Dec 2016, 12:46 PM Agree 0
    you are right our PM is a joke and I did not vote for him your comment is correct and we will see the liberals in action are more socialistic movements by our leaders like interference in the real estate market and boards and so on. But the Canadians are so slow to react to
    anything and we will only react when it hurts personally to bad. the rise of food prices and gas prices are a reality and always have been
    and here in B.C. we are taxed in to oblivion and I am sure more to come. We have to throw these bums out but like the joke goes
    your breathing we have to tax that.
    .







  • Gill Mullis Remax Centre. Guelph. | 07 Dec 2016, 12:48 PM Agree 0
    Our neighbours to the south are set for a boom. And to think all the lagging if Trump got in.
    Countries are eager to buy the U.S. Dollar not the Canadian as it rises with confidence in transparent presidency.
    Our Government is costing us billions feeding us bits of new policy which in the end won't change the fact. That home ownership mortgage free for those who have one. and those who will never no matter how hard they work have one is the reality we now see. making a two class system. Them that will have and them that won't. No matter how hard you work. If you already own your own and i say
    own! You're one of the few not the masses
  • Gill Mullis. Remax Guelph | 07 Dec 2016, 12:50 PM Agree 0
    Well said.
  • Pete | 07 Dec 2016, 01:29 PM Agree 0
    In Ontario thanks to our illustrious Liberal Leader and her so called ministers, people don't have to worry about the rising cost of food, they can't afford to buy food after they pay their utility bill's, and pay the highly and ever increasing tax on gasoline to fuel their cars, just so they can get to work, and pay for our Governments incompetence.
  • bob | 07 Dec 2016, 04:08 PM Agree 0
    The last PM was even a bigger joker
  • Loyal not stupid ! | 07 Dec 2016, 09:12 PM Agree 0
    Wake up Bob !!! I am not even sure Kevin will be able to fix the disaster that our PM and Premier are destined to leave behind for us .
    I agree fully with YOU VOTED THEM IN !!!!
    It is a very sad state of affairs when loyal Canadians are jumping ship with their life savings looking south for investment opportunities !
    Thanks a lot Justin and Kathrine !!!
  • Luisa Fleming | 08 Dec 2016, 12:36 AM Agree 0
    I will love if the department in charge of collecting the information about food prices, kindly sends me the name of those grocery stores in Ottawa, where I can find decent prices for food. Meet, milk eggs and regular vegetables are very high.That information is disgustingly false.
  • Luisa | 08 Dec 2016, 12:43 AM Agree 0
    Completely agree with you.
  • e.harold | 08 Dec 2016, 08:32 AM Agree 0
    bend over - enjoy it - we canadians don't react with controversy
  • joe | 08 Dec 2016, 12:46 PM Agree 0
    We know that global currency wars rage on. In this environment of zero and negative rates, the only weapon that central banks have is to keep rates low to increase exports in the midst of lower global economic demand for goods. The strength in the US $ increases the cost of imported US goods by foreign countries. This results in imported inflation ie fruits, veggies and beef prices are considerably higher year-over-year. The Canadian calculation on food prices suggest that the lower cost of oil prices more than offsets increases in costs for all other foods. Stripping out oil prices, the calculation would support increases in prices we see in at grocery check -out counters across Canada. Published stats-Can figures should qualify the inclusion/exclusion of exceptional items in their calculations.

    While the Canadian central bank favors lower or stable interest rates to promote exports, the flip side of this strategy is imported inflation on imports ( ie, USA where central bank is set to raise rates on Dec.15/2016).
  • Joe Canadian | 11 Dec 2016, 02:25 PM Agree 0
    Let me know where the riots are going to be. I would be on the front line. Us passive Multicultural Canadians are just happy to be hear and pay for any tax or other new expense the government can come up with. And they know it!
  • Maxy | 12 Dec 2016, 01:55 AM Agree 0
    Bank of Canada's assertion of lower food prices was not only a hogwash, as stated by Pauline, but also a blindfold and an insult on consumers. The author of the claim of lower food prices must either be buying from government grocery shops in a parallel universe or deliberately misleading his/higher superior. Enough of insults from highly heeled statisticians. If they really believe that report, they should publish the addresses of where they shop for lower prices so struggling Canadians can share the experience and privilege of lower prices otherwise that report should be shredded because it is not worth the ink and paper it was published on.
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