The BoC release a speech on Monday with a significant portion dedicated to the housing market:http://www.bankofcanada.ca/en/speeches/2010/sp110110.htmlThis speech reminds us several times that rate policy is to be used to control inflation, and that housing is only one factor of many that affect inflation. Unfortunately the speech glosses over that housing is the sole factor affecting inflation currently, and how low rates have contributed to housing being the sole factor driving inflation. As C...
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