Posthaste: Bank of Canada's shock rate hike comes with 'significant risks,' economists warn

last week as front loading that historically has raised the chance of a soft landing for the economy.

“A soft landing here is a bit like trying to parallel park a car at 60 miles an hour,” Mark Wiseman, chair of Alberta Investment Management Corp., said on BNN Bloomberg Television. “You have to be not just a skilled driver, but an extremely skilled driver and a little bit lucky.” This would reduce the buying power of the median income household from just above $700,000 to $500,000 — not a lot when the benchmark home price in June was $807,000, he said.

financialpost All done on purpose to reset

financialpost Whahhh! House prices are tooo high. The govt should DOOOO something about it. The bank of Canada raise interest rates to deal with it. Whahhh! Interest rates are toooo high. It’s going to ruin our economy. Meanwhile 10% when I bought a house. Get a grip.

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Posthaste: Bank of Canada's shock rate hike comes with 'significant risks,' economists warnBank of Canada\u0027s 100\u002Dbasis\u002Dpoint interest rate hike aims at a soft landing for Canada\u0027s economy, but economists say there are risks. Read on Thanks Trudeau! JustinTrudeau liberal_party cafreeland
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