Macdonald-Laurier Institute: A Trump victory will boost the Canadian housing market, Linda Nazareth, a senior fellow at the Macdonald-Laurier Institute, said at The Economist Canada Summit in Toronto, according to Huffington Post Canada. U.S. Republican presidential candidate Donald Trump speaks at a campaign rally in San Jose, Calif. earlier this month. A Trump administration in the U.S. could send Canadian house prices even higher — perversely because the Republican would make the U.S. economy worse, a conference on Canada economic future heard Wednesday. The panel was discussing what ifs for Canada economy, and the possibility of a Trump presidency was the first hypothetical situation brought up. And since U.S. interest rates affect Canadian interest rates, that would mean lower interest rates — and lower mortgage payments — in Canada. Nazareth said Trump risky economic policies — such as opposition to free trade deals — would hurt the U.S. economy, forcing the country interest rates to stay low for longer.
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9.6.16