Calgary Herald: Federal Liberal Leader Michael Ignatieff raised concerns about the Canadian housing market during a stop in Canmore on Saturday.
"The governor of the Bank of Canada has concerns about the overheating in the housing market. That's one concern," Ignatieff said, "I have got concerns about an interest rate shock. Consider this one figure: for every dollar that Canadians earn, they owe $1.50. If we have one interest rate shock, a lot of families in Calgary will be under water."
Yeah those two things are related, you idiot. This is both Harper's and Carney's fault.
Ignatieff's comments come on the heels of a housing market forecast released by Capital Economics last week warning that house prices could fall by 25 per cent if the Bank of Canada raises interest rates.
So far no word (to my knowledge) about what Iggy thinks about raising interest rates. Jack Layton is very open about keeping them low, so I'm sure it won't be long until Iggy is singing along with him.
He railed against Prime Minister Stephen Harper's proposed corporate tax cuts as the government faces a $56-billion federal deficit.
"Which is why we think corporate tax cuts make no sense," he said. "We've got to get our fiscal house in order."
They were in order before you and your socialist buddies threatened Harper with a coalition.
...You know how bad Michael Ignatieff is? He makes Stephen Harper look good.