Bank of Canada

[Topaz]

The Gov. of the Bank of Canada says he may have to rise rates sooner than later, so anyone having a mortgage coming up for renew head for your bank soon and anyone having a line of credit, pray the rates don't go too high. The Canadian economy not doing as good as it could and the Gov. puts the fault of that towards Canadian business. http://ca.news.yahoo.com/s/capress/100324/national/carney_economy

[M.Dancer]

The Canadian economy not doing as good as it could and the Gov. puts the fault of that towards Canadian business. http://ca.news.yahoo.com/s/capress/100324/national/carney_economy

Amazing how you can misunderstand your own link.

Economic activity around the world is somewhat higher than projected, he said.

In Canada, "economic activity has surprised slightly on the upside in recent weeks," he said, adding: "Growth has been driven mainly by domestic demand, but exports have also recovered further in response to improving external demand."

Interest rate rise when the economy is good, spurred by demand.

[Topaz]

Amazing how you can misunderstand your own link.

Economic activity around the world is somewhat higher than projected, he said.

Interest rate rise when the economy is good, spurred by demand.

The Bank of Canada is also watching inflation, if it starts to rise, then he'll rise interest rates.

[M.Dancer]

The Bank of Canada is also watching inflation, if it starts to rise, then he'll rise interest rates.

Yeah funny how that works eh? You know whats worse that gradualm inflation?

deflation...

[Jerry J. Fortin]

Yeah funny how that works eh? You know whats worse that gradualm inflation?

deflation...

The worse conditions have yet to come.

[M.Dancer]

The worse conditions have yet to come.

Of Course Mr Kreskin....anyone who predicts that the economy will one day be in rough shape will eventually be right....also true is the person who predicts the economy will rebound, will alos be eventually right.

[Moonbox]

The Bank of Canada is also watching inflation, if it starts to rise, then he'll rise interest rates.

A growing economy causes inflationary pressure. That's what Carney is talking about. As for Carney's criticism against Canadian private enterprise, he was criticizing their relatively weak capital investment numbers despite the low interest rates. He fears if Canadian business doesn't keep itself up to date and modernized/efficient, it will fall behind the rest of the world.

Other countries took advantage of the low interest rates to modernize their factories, build infrastructure, train people etc and Canada for some reason didn't. That's a whole other story altogether though.

[M.Dancer]

As for Carney's criticism against Canadian private enterprise, he was criticizing their relatively weak capital investment numbers despite the low interest rates.

There is a debate going on regarding the philosophies of boards..some are leaning towards being strictly focused on governance, transperancy and compliance and letting the operations of the firm fall to senior management without too much oversight...

While the other side sees the board more traditionally... as the helmsmen responsible for charting the course to new growth, acquisitions and investment while leaving the day to day aspects of governance, etc, to the corporate secretary, counsel and IRO..

In the end, this cutural divide is the natural evolution of SOX and it's canadian equivilents...I'm sure though they never thought that the law would cause boards to be more inward looking rather than focused on growth.

[Jerry J. Fortin]

Of Course Mr Kreskin....anyone who predicts that the economy will one day be in rough shape will eventually be right....also true is the person who predicts the economy will rebound, will alos be eventually right.

I never liked the idea of sitting on a fence. With that in mind, I am merely suggesting that there has been no fat lady singing, and it ain't over yet. The price of gold is trending upward, and it has been for some time. Does that mean anything to you?