Muscular Loonie for Easter
The Canadian Dollar now stands at about $1.05 U.S., making it as strong as it has been in the past few years, so what does that really mean? Investors are scared of the U.S. national… Read More »Muscular Loonie for Easter
The Canadian Dollar now stands at about $1.05 U.S., making it as strong as it has been in the past few years, so what does that really mean? Investors are scared of the U.S. national… Read More »Muscular Loonie for Easter
No Really, You Can’t Afford That After the past few days’ discussions of whether you can afford things, Stats Canada made the definitive statement, you can’t afford that when it published the monthly Consumer Price… Read More »Inflation Sky Rockets March 2011
Learn about the Bank of Canada’s interest rates in April 2011. Will inflation and an upcoming election affect the decision?
As you get older you are more like to have forgotten bank accounts in your past, that might have some money you could use now.
The term “Slutty Money” refers to loose and easily available cash due to low interest rates and ongoing monetary stimulus in March 2011. This article examines how Canada’s Bank of Canada policies, particularly the Key Overnight Rate, impact inflation, household spending, and investments. With economic uncertainty, a slow return to normal interest rates is predicted, but nothing in the economy is truly predictable. The piece highlights concerns over inflation, export challenges, and the risks associated with an overly abundant money supply.
Keywords: Slutty Money, interest rates, inflation, Bank of Canada, economy, monetary policy, financial planning