Without having an insider’s view of all the fine points on global Macro Economics, certainly within the context of Canadian Politics and the Economy, in my estimation what would be good and reasonable are interest rate in a range between 5% to 9%. Depending on future what-if scenarios and current headwinds.
The long term view should be to get rates there, slow and managed so as to not create undue hardship.
These rates leave room for BoC to adjust without hitting a 0% interest rate benchmark with no smart good looking flexible alternatives. In other words – between a rock and a hard place. Furthermore, higher interest rates lend themselves to catering to people who are savers especially those contemplating and planning future retirement plans. It puts less ‘stress’ on pension models and rewards those with ‘money in the bank’ to spend a little here and there using discretion when they see a good thing.
Of course it puts a damper and brakes on those who spend without regard and teaches them to rein in reckless spending in favour of long term outlooks.
A stable financial market rewards Canada and Canadians, making it a magnetic hub that attracts the best in breed Gurus, Geniuses, Billionaires and Entrepreneurs with the wherewithal to produce measurable outcomes. Put easily identifiable public milestones and adjust accordingly.
And yes – the LOONIE will finally fly – so again prepare the manufacturing sector for a new reality. That being with more demand from immigrants to settle here in Canada, there will be more internal demand than external.
We’ll still be able to market in China, India and Brazil. Why, well just look at everyone who wants to do business with America. Has the high U.S. dollar stopped anyone? Just don’t go down the same road and repeat history with the same patterns and mistakes.
Time to forge ahead and work to make Canada a global powerhouse.
NRGY, NRGY, NRGY > all else follows from there. Environmental issues remain on the table, while planning the roadmap ahead.
People will love us – peace, security and growth. Still lots of room to awaken the Giant within and a hard combination to beat. Yep, adjust accordingly and don’t be afraid of making a mistake, saying so and fixing it. At least people won’t be able to bitch saying they were deceived, lied to and taken advantage of. Make everyone decide.
Last but not least – make it work for the small business entrepreneurs and startups. They feed the local markets and are the germs cell incubators.
Live~NRGY 
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