I just don't see the reasoning behind the government hiking interest rates to 6-8% in the next few years. That will cause the housing market to crash, and deflation to set in. It will also drive up the Canadian dollar past the American dollar. The government will basically tank the economy if they increased it to 8% in the next few years. Now, say 10 years down the road, I can't really say, I mean, who can predict what's going to happen in 10 years. But for now, I see interest rates staying relatively low.
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