Bank of Canada Overnight Rate Announcement

Can we talk about the elephant in the room?

That's me and Kelly in Thailand, Spring of 2008. Seven years ago! Wow.

Now how about the other elephant?

The Bank of Canada will make their next overnight lending rate announcement tomorrow at 10 A.M.

The consensus seems to be that there will be no change-because we are in a technical "recession" (thanks, low oil prices). I won't talk about Iran here, because that would delve into Mid-East politics. Not gonna even touch that...

However, in bigger news, the U.S. Federal Reserve (a.k.a. "The Fed") IS expected to raise their rate, signaling a strengthened economy south of the border.

So, to sum up, don't get used to cheap money.

Use a licensed independent professional when signing a contract to borrow hundreds of thousands of dollars to be repaid over seversal decades.

That's all :)