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The Fonz · 12-09-2022, 02:22 PM

I'd guess we see another 25bps increase (or two, at the most) and then a wait and see approach. I don't believe our economy is built (due to 15yrs of cheap debt) to be able to withstand an overnight rate of 5.5%+ today. It would take years and years of borrowing behaviour change before Canada could survive that financial climate.

12-09-2022, 02:22 PM	#714
The Fonz Our Jessica Fletcher Join Date: Dec 2004 Exp:	I'd guess we see another 25bps increase (or two, at the most) and then a wait and see approach. I don't believe our economy is built (due to 15yrs of cheap debt) to be able to withstand an overnight rate of 5.5%+ today. It would take years and years of borrowing behaviour change before Canada could survive that financial climate.