If my choice is the current rate or everything going up massively in my daily life again, I’ll choose the current rate.
I don’t need another spike on my daily expenses again.
PhilosophySame2746 on
Simon says bank of Canada should not make statements on working Canadians money situations as we are having a hard time surviving now.
Fatal_Flyer on
Yeah. We can. Probably – but have to reduce spending elsewhere.
So around Christmas when people are complaining about “lackluster sales” or reduced profits, they’ll know why.
CapableWill8706 on
Thanks BOC! I am glad I can cope with higher rates according to you. Can you up my service fees for all transactions too! That would be swell!
Edit: It was a sarcastic statement lmao. I didn’t know there were so many fans of the BOC. How do you know my finances? What I own? LMFAO.
One mental midget called me a bot…delicious.
Angry_beaver_1867 on
We were all stress tested to pretty high levels. I think it will be unpleasant for many but survivable
GetMadGetStabbed on
Thank you Tiff Macklem! Truly inspiring.
freedomguy12347 on
Bank of canada says we want you to go bankrupt
HickFlair on
“Cope and seethe” -Bank of Canada lmao
An_doge on
If we cut rates before the US we’re fucked.
alpharedditor5 on
Canada is sounding a lot like the UK 🙃
UltimateDevastator on
We can cope if you give us prime +1 😉
gaijinscum on
”Bank of Canada says (wealthy) households can cope with higher rates (by simply not having mortgages like a bunch of poor loser plebians)”
ftfy
BadUncleBernie on
Bank of Canada has flipped the script.
JCPennyHardaway on
I want off this ride
Emergency_Bother9837 on
My neighbour just got a new M3, they can afford it keep the rates high boys.
NotA_UNIQUEUSERNAME on
See this is what I’ve been saying. We need to put the fear of God into these people.
endo489 on
Better to have higher rates than a worthless currency
Part_Time_Priest on
Random redditor says the bank of Canada can cope with going and fucking itself.
SunflaresAteMyLunch on
“Men with balls being squeezed can cope with them being squeezed more”
Everyone who’s not a bank will be a lot worse off…
PippenDunksOnEwing on
Ultra high costs to home ownership is directly detrimental to Canada’s economic development. People simply do not have money to engage in economically productive activities. Companies have no incentive to be innovative and be productive.
Street_Mall9536 on
Bidding up a 300,000 dollar house to 950,000 and max out your available income, not having the foresight or financial literacy to understand even if rates went up 1% you couldn’t afford it,
Has consequences..
Unchainedboar on
A noose is my plan for higher rates
Glocko-Pop on
This problem is just around the corner. The first 2020 mortgages come up for renewal next year. The economy is going to be on life support going into next election.
DENNYCR4NE on
As someone who isn’t overleveraged to the tits, I welcome them.
HailSatin42069Lol on
Do they think that we are all paid as extravagantly as they are to be fucking idiots?
3dsplinter on
Perhaps households can cope, but speculators and amateur landlords can’t cope…
27 Comments
Funny, BoC didn’t ask me.
If my choice is the current rate or everything going up massively in my daily life again, I’ll choose the current rate.
I don’t need another spike on my daily expenses again.
Simon says bank of Canada should not make statements on working Canadians money situations as we are having a hard time surviving now.
Yeah. We can. Probably – but have to reduce spending elsewhere.
So around Christmas when people are complaining about “lackluster sales” or reduced profits, they’ll know why.
Thanks BOC! I am glad I can cope with higher rates according to you. Can you up my service fees for all transactions too! That would be swell!
Edit: It was a sarcastic statement lmao. I didn’t know there were so many fans of the BOC. How do you know my finances? What I own? LMFAO.
One mental midget called me a bot…delicious.
We were all stress tested to pretty high levels. I think it will be unpleasant for many but survivable
Thank you Tiff Macklem! Truly inspiring.
Bank of canada says we want you to go bankrupt
“Cope and seethe” -Bank of Canada lmao
If we cut rates before the US we’re fucked.
Canada is sounding a lot like the UK 🙃
We can cope if you give us prime +1 😉
”Bank of Canada says (wealthy) households can cope with higher rates (by simply not having mortgages like a bunch of poor loser plebians)”
ftfy
Bank of Canada has flipped the script.
I want off this ride
My neighbour just got a new M3, they can afford it keep the rates high boys.
See this is what I’ve been saying. We need to put the fear of God into these people.
Better to have higher rates than a worthless currency
Random redditor says the bank of Canada can cope with going and fucking itself.
“Men with balls being squeezed can cope with them being squeezed more”
Everyone who’s not a bank will be a lot worse off…
Ultra high costs to home ownership is directly detrimental to Canada’s economic development. People simply do not have money to engage in economically productive activities. Companies have no incentive to be innovative and be productive.
Bidding up a 300,000 dollar house to 950,000 and max out your available income, not having the foresight or financial literacy to understand even if rates went up 1% you couldn’t afford it,
Has consequences..
A noose is my plan for higher rates
This problem is just around the corner. The first 2020 mortgages come up for renewal next year. The economy is going to be on life support going into next election.
As someone who isn’t overleveraged to the tits, I welcome them.
Do they think that we are all paid as extravagantly as they are to be fucking idiots?
Perhaps households can cope, but speculators and amateur landlords can’t cope…