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Message Subject Alberta economy is about to nosedive...
Poster Handle ººEATºº
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I agree with you OP things here in Alberta aren't quite as rosy as people might think. Our government has projected that we will be in the red to the tune of 4-6 billion dollars this past fiscal year as opposed to the 1.5 billion surplus that was projected before the election. Buckle up it's gonna get bumpy kids.
 Quoting: Anonymous Coward 13014207


Alberta & Albertans way overspent. I know of many Albertans who bought property down south during this last boom. The money came from their home equity.
Just pay attention to all the business that will close over the next 3 months... just watch.
 Quoting: ººEATºº


Yup. If interest rates go up even 1% you will be able to get yourself some cheap toys on kijijji during break-up this spring. I think I would like a new quad this year. How bout you?
 Quoting: Anonymous Coward 13014207


This week it was announced that TD and a few other major CDN banks had their credit ratings cut from AAA to AA. That means it will get more expensive for them to borrow money. That means they will have to raise interest rates to compensate.
Interest rates in Canada will be going up this year! We don't have a Federal Reserve like the USA that can print an unlimited amount of money....
 
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