Quote:
Originally Posted by st7860
Yes the US could raise rates, then Canadian rates may rise. In that case get a 10 year locked in rate if that is a concern. If the US buys less exports yes that would cause problems but then in Vancouver/Toronto there aren't many industrial workers directly contributing towards exports to the US anyway.
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There are a lot of jobs in Vancouver and Toronto that are directly affected by lumber, mining and oil. Those sectors generate a significant amount of government revenue and government spending gets cut when those industries are hit. Most of the corporate offices and support industries (banking, equipment, engineering, etc.) are run out of those two cities.
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