Tuesday, July 10, 2007
Bear Cave - Feel Free to Growl
There are lots of little things going on that are not worthy of their own post so here is a place we can discuss them all.
1. Interest rates went up today. As was widely expected, the Bank of Canada raised the short term rate to 4.5%. They also said that "some modest further increase in the overnight rate may be required to bring inflation back to the target over the medium term.”
2. There is a new blog on the block where we can find daily updates to the local real estate inventory situation - http://vannumbers.wordpress.com/. Welcome REsteven.
3. Canadian Housing Starts are still hot, hot, hot. In the words of Beata Caranci at TD Economics, "Canadians can sleep well under their roofs tonight with the belief that the housing experience on this side of the border looks to be day-and-night versus its U.S. counterpart."