According to StatCan, there is huge demand for Canadian debt-instruments as people around the world are losing faith in the US dollar.
Expect the Canadian dollar to continue to strengthen against the US as people around the world dump US assets and invest in our commodity based dollar (good news for Mining Centre of Canada: Vancouver?).
What does that mean for us Canadians? According to the Economist, A big mac is 13.5% higher in Canada than in the US.
This will be a downward pressure on interest rates
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