Printer-friendly version
Higher interest rates—the effects on Canadians today and tomorrow

Even after inflation is brought to heel, Canadians should not expect interest rates to return to pre-pandemic levels.

Printer-friendly version
If you’ve got the money, honey, I’ve got the time preference

Nelson gave up substantial amounts of future consumption to finance his current consumption.

Printer-friendly version
The Bank of Canada apparently surprised the chattering classes and everybody else this week by dropping its benchmark interest rate.