As a friend commented last week, when we were discussing the double-barrelled pronouncements on inflation and interest rates from both Ottawa and Washington coming Wednesday, a quarter-point increase on interest rates doesn't really seem like much of a difference. Despite haywire markets, there are many who doubt interest rates will rise tomorrow, when those central bankers both hold monetary policy announcements. A European trader reacts to falling markets during a previous downturn. The change from falling rates to rising rates has always been a difficult time. Falling rates make it cheaper to borrow to buy or build new homes.

Source: CBC News January 25, 2022 13:12 UTC