I'm Loonie for the Dollar
I love me a pun.
If you didn't know, the nickname for the Canadian dollar is the Loonie.
No idea why.
But I checked out the chart below earlier today and it started to spark some ideas off...
The bottom line here...
There is no way that Canada can raise rates without totally ruining the Canadian housing market.
So there's a very simple thesis here.
Who has the greater capability to raise rates, the US or Canada?
Now, I don't think rates will rise too drastically anywhere, if at all - markets would shit themselves and we know that markets
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