Fed rate hike effect on Canadian CRE
How will the fed's decision to raise the target rate in the US effect the Canadian economy, and more specifically Canadian CRE? It's clear the US dollar will appreciate thus leaving the CAD a weaker currency. Will US firms pull out of their Canadian investments due to operational risk? Or will the cheaper currency actually spark FDI? What do you guys think?
[{"id": "dbfs5ji", "text": "Think it's good... calms the market down a bit in gateway cities when they can see the US 10 yr go to 2.6%.", "replies": [], "depth": 1}]