Appears that China's investment in the oilsands is now a shadow-of-its-former-self in just one year. What's disturbing (IMO) is that the oilsands are the economic engine of Canada. This loss of investment may have the capacity to rattle the loonie even further. Time will tell.
And competition appears even heating for mortgages this spring as BMO has apparently lowered it 5-year mortgage below 3% . . . an unusual move for a normally 'cabinfevered pentup' Cdn spring housing market. Is competition for mortgages actually heating up?
Just an observation, but it was a cold and too long winter that may have the making of cooling our economy as well this spring.
Hoping this is wrong assessment . . .
And competition appears even heating for mortgages this spring as BMO has apparently lowered it 5-year mortgage below 3% . . . an unusual move for a normally 'cabinfevered pentup' Cdn spring housing market. Is competition for mortgages actually heating up?
Just an observation, but it was a cold and too long winter that may have the making of cooling our economy as well this spring.
Hoping this is wrong assessment . . .