While Canadians wait to see whether interest rates really will begin to rise tomorrow, it might be reasonable to ask what all the fuss is about.
As a friend commented last week, when we were discussing the double-barrelled pronouncements on inflation and interest rates from both Ottawa and Washington coming Wednesday, a quarter-point increase on interest rates doesn’t really seem like much of a difference.
But after markets were taken on a wild ride Monday, coming after what had already been the worst week in more than a year, you have to ask yourself why traders seem so nervous.
What’s the effect on me?
And to bring
