Interst rates in Canada

Interesting article on the future of interest rates in Canada. This article puts things into prospective. We are not in the same predicament as our neighbours to the south but there is concern that continued low interest rates and longer amortization periods will tempt homeowners to raise their already high debt levels. This may be OK as long as rates are low but could cause hardships if rates start to climb. Consideratioin is being given to reducing the allowed amortization period and possibly increasing the home equity requirement levels. For full article click on URL or copy to browser http://www.bloomberg.com/news/2011-01-14/flaherty-s-helping-hand-may-delay-canada-interest-rate-rise-nomura-says.html

Flaherty's `Helping Hand' May Delay Canada Interest Rate Rise, Nomura says

By Greg Quinn - Jan 14, 2011 12:01 AM ET gquinn1@bloomberg.net  , Courtesy of Bloomberg http://www.bloomberg.com
 
 
Doug Fraser

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