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Originally Posted by flamingchina
You're right, we are overheating, but the usual method of cooling down the economy (raising interest rates) is unavailable too us.
Combined with the screwed up Canadian labour market, means we end up with an overheated economy.
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How about we start a Reserve Bank of Alberta that prints Alberta currency and puts Financial Institutions in Alberta under a seperate funds transfer pricing scheme? That way Alberta will have control of its own interest rate
But seriously, the current prime rate for the nation is 6.00% where in Alberta it should probably be somewhere closer to 10.00%.
Be fore warned, if the Alberta economy continues to overheat like this, Alberta could be in for a very massive recession within the next 10 years or so. [Forgive me, you guys got me into Economics mode]