The Consequences of Rising Interest Rates

The Canadian economy is stuck in neutral, but the US economy has been springing back to life after many years of languishing in dormancy. The latest news from the Federal Reserve, the US equivalent of the Bank of Canada, is that the economy is picking up steam and foresees less bond purchases and even hinted…

The Long and Short

I was never a finance major, so it comes as a bit of surprise to me to learn how little business and finance students actually understand about interest rates and how a bank sets them.    To be fair, a lot of our misconceptions about interest rates and banking comes from the media.  How information is…