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Canada: Bank urges rate hikes to slow housing market

Posted on 13 April 2012

A major international bank said today that Canada’s best hope to avoid a real estate crash would be for policymakers to raise interest rates by half a per cent over the medium term.
“We believe that the best way to engineer a soft landing in the housing sector would be for the Bank of Canada to increase its policy rates slightly,” says the report, from international financial conglomerate Nomura’s contributing economist, Charles St-Arnaud………………………………………..Full Article: Source

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