The new world of low oil prices is beating up the Canadian dollar. The surprising interest rate cut (below) by the Bank of Canada has knocked the beaver buck down to around 80 cents this afternoon (Wednesday, January 21, 2015). It has sent the stock market through the roof. The TSX index was up nearly 270 points at 1 p.m. More than this, real estate people are saying these conditions will send the housing re-sale market flying as well.
