I wonder if Canadians stop to think why their canucky loonie is gaining against the US dollar. It isn't as if it's gaining against the Euro or pound, yet the bank of Canada has raised interest rates, as if Canadians aren't already paying rediculous gas prices to get to work, despite sitting on all that Alberta oil.
Now the bank of Canada is going to squeeze another $100 a month or so out of those sitting on $400,000.00 mortgages, for extra measure, using the old "gotta cool down that inflation" (caused by sky high fuel prices) excuse, on a dollar that in reality isn't gaining against anything except a falling US dollar.