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ECONOMIC INTEREST

Re BoC Holds Interest Rate Steady, But Signals Hikes To Come (Jan. 27): Inflation is running at 4.8 per cent and housing prices, largely fuelled by low interest rates, have increased 40 per cent in the past two years and are forecast to further increase. Yet the Bank of Canada chooses to send a message of “no urgency, no panic, we’ll get there.”

Sure, let’s run those econometric models a few more times, reanalyze the results, pause and reflect, then perhaps do something.

But the BoC started these fires and also holds the fire hose – use it before our purchasing power is further diminished, the housing bubble bursts and the bank loses credibility.

Michael O’Hara Toronto

Re Catch A Break (Letters, Jan. 27): A letter-writer suggests that homebuyers be permitted to make their mortgage interest payments tax-deductible. I am not necessarily against such a move, but to equalize this proposed benefit – available only to those who can afford to purchase a residence – shouldn’t the government impose a capital gains tax on any profit made when the house is sold?

Brian Caines Ottawa

EDITORIAL

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2022-01-28T08:00:00.0000000Z

2022-01-28T08:00:00.0000000Z

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