If you are one of those Canadians who binged on credit like it was the second season of Stranger Things, you can relax: the central bank is in no hurry to punish you for your indulgence.
Understand something, though. You owe your extended low-interest-rate holiday to Donald Trump and Kim Jong-un, who teamed up this year to make Earth a less happy place. Their cavalier attitudes towards global norms and world peace have so muddied the near future that the Bank of Canada feels it has little choice but to leave borrowing costs low, even though the country’s economic indicators rarely have been stronger.
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