Monday, February 27, 2006

Interest Rate Hikes Looming

Bloomberg reports that on the heels of a $13.3 billion trade surplus in the 4th quarter in Canada’s favor that the Canadian dollar is almost at 88 cents (see kitco chart on sidebar)!
Great time to go to Disneyland with the kids at spring break for your US bang on the buck. Downside of great Canadian financial boom is brace yourself for interest rate hikes. Formula is easy, dollar up, booming economy and great trade surplus = interest rate hikes! Will this cool down home prices in GVRD?

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