Well, the Conservative Government is now worried that Canadians are piling on too much debt while interest rates are low and will ultimately get into trouble when interest rates increase. Is their fear valid?
A summary of 8 key take-aways from CIBC’s head economist Benjamin Tal’s discussion at a mortgage industry function last week in Toronto. His outlook is primarily positive with a hint of caution. The good news is we are in better shape than the US….the bad news is we can’t help but feel the ill effects of our southern neighbours.
I was lucky enough to be able to attend a talk held by Benjamin Tal, CIBC’s head economist. As would be expected from an economist his talk was laced with statistics, bar graphs and acronyms. Unlike most economists he is actually quite interesting to listen. He was able to get the audience laughing at several [...]
| 6 Months | 4.60% | 3.85% |
| 1 Year | 3.65% | 2.49% |
| 2 Years | 3.95% | 2.95% |
| 3 Years | 5.04% | 3.69% |
| 4 Years | 5.14% | 3.89% |
| 5 Years | 5.39% | 3.69% |
| 7 Years | 6.30% | 4.95% |
| 10 Years | 6.50% | 5.20% |
| Variable | NA | 1.80% |
