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One big bank predicts rate hold until 2019

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Justin da Rosa | 28 Sep 2016, 08:15 AM Agree 0
The borrowing frenzy may continue for the foreseeable future, according to TD Bank
  • Ted | 28 Sep 2016, 10:55 AM Agree 0
    I predicted that in 2010!!!
  • Aritzia | 14 Oct 2016, 06:22 PM Agree 0
    I like this prediction. Because lower interest rate is good for Canadians who are needing some finance and it is good for all the legal citizens.
  • Scott | 14 Oct 2016, 07:00 PM Agree 0
    Low interest rates are not necessarily the best thing. First people get caught up in the frenzy and borrow, borrow, borrow, and borrow more. What happens when it's time to pay the debts? Second, the people who are retired and live off the interest from their savings, their income has plummeted to nil. They've had to draw on their principal to supplement the interest income and thus the remaining principal produces even less income. The end result is that they will deplete their savings and end up eating cat food.
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