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Conference kaosws::canada

Title:True North Strong & Free
Notice:Introduction in Note 535, For Sale/Wanted in 524
Moderator:POLAR::RICHARDSON
Created:Fri Jun 19 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1040
Total number of notes:13668

838.0. "Interest" by TROOA::SOLEY (Pain in the butt Canadian) Wed Jun 22 1994 16:43

    Don't believe what you read in the media. The reason Interest rates are
    going up is not uncertainty over Quebec. It's because my mortgage is
    coming up for renewal in August. I'd just like to take this opportunity
    to apologize to everyone for this.
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838.1POLAR::RICHARDSONSick in balanced sort of wayWed Jun 22 1994 17:435
    Does this also mean that every time your mortgage is up for renewal,
    there will be uncertainty in Qu�bec? If so, please lock in for 10 years
    if you can.

    Glenn
838.2TROOA::SOLEYPain in the butt CanadianWed Jun 22 1994 18:302
    Not always constitutional wrangling, plagues of locusts, earthquakes,
    raining blood or frogs, you know usual summer in Toronto
838.3CSC32::S_BROOKThere and back to see how far it isWed Jun 22 1994 19:2510
Norm, it's not your fault ... you can blame me ... my mortgage rate adjustment
is at the beginning of August ... and Mr Frogspawn, director of the Federal
Reserve Blood Bank, decided that Canadians residing in the US had to contribute
more to the US economy ... ie me ... so he pushed interest rates up so I'd
pay 6.25% instead of 4.25% 

Of course the head of the Canadian branch of the Federal Reserve Blood Bank
just had to play follow the leader and not stand up to his boss.

Stuart
838.4KAFS31::LACAILLEHalf-filled bottles of inspirationThu Jun 23 1994 12:546
	You are complaining over 6.25 percent!!!! You poor thing...

	Grins,

	Charlie_whos_paying alot more than that...
838.5CSC32::S_BROOKThere and back to see how far it isThu Jun 23 1994 14:358
I'm not complaining about 6.25% ...  I'm complaining (like anyone else would)
about a 2% increase ... it was 4.25%!

Rough isn't it ... 

But I remember 10+% mortgages north of the border not so long ago!

Stuart
838.6GUCCI::RWARRENFELTZFollow the Money!Fri Jul 15 1994 07:545
    Someone didn't nuke our northern brethren when I was on vacation last
    week, did they?
    
    Awful quiet from all the Canucks!
    
838.7Some still here TROOA::MCRAMMarshall Cram DTN 631-7162Fri Jul 15 1994 10:504
    
    We're all stunned after Bob's wee visit and announcements.
    
    
838.8What was so stunning?KAOFS::R_DAVEYFri Jul 15 1994 18:595
    For all those that weren't blessed with a visit what 
    was so stunning?
    
    
    Robin