The loonie has surged against a weakening US dollar. Add in two rate hikes and that attracts buyers who push it further. The next quarter's gdp and employment numbers will be critical in the bofc decision to raise again or no. With real estate more muted look for a downturn there and in all the related segments. Growth will slow and the government meddling and the proposed tax hike on businesses will be a drag on the economy. It's possible we'll see a rate decrease next year after the stock market implodes and the economy lags as a result of all the political interference. After all how many of the new jobs are full time? How many low wage workers will lose their jobs in Ontario with the minimum wage hike? Canada is becoming a socialist state where it is the government controlling the entire agenda.