Doug Hoyes: After
many years of low interest rates, interest rates are now increasing and many experts believe we'll see continued interest rates increasing in Canada well into 2018.
Both Governor Carney and Finance Minister Flaherty have repeatedly expressed concern at the level of consumer debt Canadians have racked up
over years of low interest rates, and rate hikes can be an effective way of cooling excessive credit spending and encouraging us to pay down what we owe.
I don't like the idea of eliminating FDIC insurance, giving the conservative savers who have suffered from
many years of low interest rates another kick in the pants.
Valuations have gotten stretched thanks to
years of low interest rates...
We don't think that this is the best solution for investors, but
years of low interest rates have been tough on savers.
Valuations have gotten stretched thanks to
years of low interest rates, and conservative income investors have moved their money out of the bond market and into stocks in search of better returns.
Today's actions recognize the effect that
years of low interest rates and shifting attitudes towards debt and indebtedness have had on the housing market.
Years of low interest rates have driven up house prices even as income growth has stagnated.
Valuations have gotten stretched thanks to
years of low interest rates...
After
years of low interest rates, APRs are on the rise.