MCGARVEY: The economy starts going in the little guy’s direction and the Fed raises interest rates to slow it down to keep wages low. How does that help anyone?
JUST ASKING: Do we have a responsibility to save people from their own (bad) decisions?
FINLAYSON: Ottawa has the fiscal room to invest in infrastructure projects.
No change is expected until late 2015 and possibly later.
All bets are off because of tensions in Ukraine.
The first Bank of Canada policy rate increase is most likely in mid-2015.
Little change to the interest rate forecast is expected but five-year fixed mortgage rates should fall slightly.
Our forecast puts the first rate increase at July 2015.