SmartHomeOwners

Financial Post has published a short article on the issue - citing two reasons:

(1) U.S. trade and investment balances with the rest of the world remain negative.

(2) The Fed will be the last to hike. In Goldman’s view, the U.S. central bank will leave interest rates on hold this year AND next.

This last point has made it difficult for Canada to raise interest rate rapidly! The rate could stay low for an extended period.