Variable Rate Update – Third Quarter a Charm?
May 25, 2016
Variable Rate Update – Waiting for “The Fed”
September 7, 2016
Our Variable Rate Updates are starting to sound like a broken record, and I’m not sure if they are being read at this point since they sound so repetitive, so I’m going to make this update a little more colourful. I’m beginning to believe that the Bank of Canada (BOC) is hiring weatherman to forecast the economy. Sounds obtuse? Bear with me as I explain. As I started my research this morning I looked back over the past few updates to look for patterns. One that did emerge was the constant promise of a brighter sky and sunny days, that like this summer’s weather, are nowhere to be seen. There always seems to be “something” that cause expectations to be revised. Today what reinforced my weatherman theory was the actual wording in the BOC Statement saying that US economy is growing but it’s just not the right kind of growth for Canada?! The past three statements have focused on how the US Growth is materialising and that it will come save Canada! It’s like waking up to a rainy day when the forecast called for sunshine. It just creates that Eeyore feeling…
|
