Subscribe To
The Canadian economy has hit the economic wall. Expect Canadian dollar weakness to follow
At the start of the year I laid out a scenario where the North American economy would start the year with surprising resilience but then there would be divergence between the United States and Canada because of the differing mortgage markets.To recap: In the US, 90% of borrowers have 30-year fixed rate mortgages, leave the consumer's largest source of debt immune from rate hikes. In Canada, a high portion of borrowers are on variable rate mortgages with the remainder on loans where rates reset e...
Read More
Posted: Aug 14 2023, 13:13
Author Name: forexlive
Views: 022156