Kev is Right! Probably because the American dollar and the Canadian dollar are par! Our goverment is trying to bail out billions in risky mortgages so there bank buddies don’t lose. This sucks and its only going to get worse.
Isn’t this what Japan tried to do 10 or 12 years ago when there realestate crashed, didn’t they reduce there rates to 0 but still had no effect!
What would have happened if they had raised rates?
I would raise rates in the USA, I would rather have a strong dollar then a temporary jump in the stock market.