Bank of Canada holds rates, cites progress in inflation, wages

You can read this article in full be going here: http://business.financialpost.com/news/economy/bank-of-canada-holds-key-interest-rate-at-1-25-per-cent
The Bank of Canada held interest rates steady on Wednesday, April 18, 2018 because it’s scared, it’s scared of a bunch of things, it’s so scared it wouldn’t even raise rates 0.0000001% they’re terrified citing a variety of reasons you can read on your own.

If Canada can’t see we’re in terrible shape I don’t know what to tell you. Even in America they’re raising rates, and the American economy is the best party in town. Sure Canadians are in record levels of debt, of corse private sector jobs are being replaced with Government jobs of course government sector jobs along with the jobs in the Crown corporation sector have unrivalled pensions and other entitlements that Canadians tax payers are assisting in securing, who cares about all that stuff Canada is in fantastic shape from economic standpoint.

If there’s a crash Polo will just put us in negative interest rate territory which will be a great stimulus from people already in debt. Even though Switzerland has a far more vibrant private sector than does Canada, Canadians will be fine with negative interest rates. Well if Canadians don’t see the disaster coming that’s on them.