Yesterday on a Global News panel, we discussed what the Canadian dollar will do next as the price of oil continues to plunge.
The impact of the Bank of Canada’s interest rate cut to .75% brought the dollar down to 81.1 cents US overnight, but equity markets liked the cut and the TSX increased to 14,662.42. Depending on whether the banks end up lowering their prime rate – it may increase small business borrowing to drive the economy forward. Should you be investing in the US markets right now? And going forward – what can we expect in interest rates and mortgages?