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Brookfield Asset Management Inc. (BAM) doesn’t need interest rates to stay lower for longer. In fact, CEO Bruce Flatt wouldn’t mind seeing them go up more than a little bit.
“Rising interest rates? That would be great, if we could get interest rates from 1 per cent to 3 per cent,” Mr. Flatt said in an interview with The Globe and Mail. “That would be really great for the world, because it means things are coming back.”
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gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.