Your Opinion

[Said1]

I don't think he wants to hear the truth.

Exports of what, to where? LOL.

 

[darkbeaver]

ya what where who

 

[Kreskin]

Dear CanadianContent Members,

I would like your opinion on this topic. Would appreciate it. Based on the following articles:

Flaherty ‘Comfortable’ Business Will Replace Stimulus - Businessweek
and
Canadian finance ministers to target debts and deficits in new year - The Globe and Mail

What would you say is the economic ideology that's being expressed by the minister of finance?

Thank you!

-poliminister

Flaherty is being extremely smart about this. Rather than raise interest rates to slow debt spending he's tightening mortgage qualifying criteria, which accomplishes the same thing. Without raising rates he also reduces the impact on the dollar. Higher rates would further raise the Canadian dollar and hurt exports.

 

[darkbeaver]

The banks don't want to lend into housing maybe.