My Canadian friend mentioned this but then followed it up by saying no one in Canada cares what the Bank of Canada does and all eyes are on the US. Could that

My Canadian friend mentioned this but then followed it up by saying no one in Canada cares what the Bank of Canada does and all eyes are on the US. Could that be one reason there wasn't a significant effect? Also, there's quite a bit of cash in savings accounts now, and rates are still low by historical standards. We'll see what happens when mortgages are above 5% again.