Bank of Canada Hold Rates

[liberty]

Holding interest rates at these absurdly low levels is only going to encourage more and more people and governments to take on debt loads that they cannot sustain in the longer term. Interest rates must start creeping upwards at some point in time, and when they do the results will be catastrophic. There will be no "soft landing".

[errolanderson]

liberty . . . you are right that rates
can't stay down for the long-haul, but
they will stay down for the long-haul
(IMO)

What if we go into a period of
deflation? Interest rates could even
drop further.

Japan went negative rates and basically
the U.S. is now negative after bank fees
are deducted.

No one agrees with this, but personally
see deflation on our doorstep that could
even affect farm input prices.

[Rareearth]

Is Canada willing or able to compete in a currency
war? If not our dollar will be high, and exports of
commodities will suffer, more than we can
imagine. This being said the high dollar will allow
for cheaper imported ag inputs, fert, chem, and
equipment. Lower cost getaways to warm places
as well.

[SASKFARMER3]

If you think Deere or Case or Newholland will drop prices if our dollar goes nuts think again. Their will be some BS factor.
Yes interest rates should have gone up. Hell Canada is not a island in this mess.
Personal debt is going nuts.
When young people sip starbucks and pay with VIsa but wont get a job at tims or mcdonalds because its below them. So we have to import workers we have a problem Houston.
Or these land deals where imigrants are borrowing 100% on land using their equity in their homes as down payment then borrowing the rest.
When it crashes its going to get real ugly.

[15444]

Machinery prices won't change if the dollar went high. The smart thing to do is buy in the US and get it shipped to the border and drive it across. Lots of deals on tractors in the US and for the difference in price on some tractors, you could buy 2 in the US and get them shipped from some where like North Carolina before you could buy 1 in Canada.

Note: this is for non-Deere tractors. Deere tractors are overpriced everywhere.

[seabass]

I believe the problems that the conservatives face in Alberta are a result of there own success. If u were left to do what u want for the last forty years without any repercussions this is where u end up. Having some change now and then is good for everyone. I'm about as conservative as u can get but I think a different perspective on things would make them appreciate the positions they hold along with the decisions that need to be made.

[Horse]

Will someone help me out here.
We are shipping 2mil barels of oil / day to the US AT $45 / bl or what ever and not making any money sooo how does shiping twice as much to the same customer help any. How does that increase the price. If we were picking up a new customer along the way I could see an advantage?

[ASRG]

Seabass: I hate to tell you this.....but all the conservatives have left the building! Al that is left are the "progressives" (liberals) led by the socialist, Alison Redford!
Come on over to the darkside....the Wildrose!

[seabass]

Gun toting racsists. Lol

[Oliver88]

15444 - What website do you find your USA deals
on tractors?....or other farm equipment?

[15444]

Oliver,

Tractorhouse.com

Lots of people use it, and if your willing to shell out a little for transport, you can find huge savings.

Ohio/Pennsylvania/Arkansas areas always have great deals.

[makar]

You bring up a good point horse, alberta built the oilsands on no royalties, shipping more does nothing. By the way never voted for the redford b---ch.