Thursday, January 22, 2015

OIL & INTEREST RATES

The Bank of Canada today became the first central bank in the Group of Seven to cut interest rates in response to plummeting oil prices.

2 comments:

  1. Mr Poloz sees the fall in oil prices as a negative. He's worried that the extra cash in consumers' hands might get saved not spent. I mean, the horror!......people saving money. He can't have that so lets drop the interest rate some more to further punish savers. These rats are all alike, don't trust us with our own money.

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  2. http://www.amazon.ca/Currency-Wars-Making-Global-Crisis/dp/1591845564
    Buckle up folks!

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