Quote:
Originally Posted by BlackArcher101
While I agree that they really screwed the pooch here by keeping rates so low for so long, did they really have the option to raise the rates while the USA and everyone else didn't? What would that have done?
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Yeah, this is a worldwide phenomenon. Canada actually compares favorably to most peer nations right now:
The idea that bumping up interest rates half a percentage point a few months earlier would have made any material difference is laughable. This is a long-term systemic problem due to a prolonged period of too-low interest rates and the fallout from a pandemic.