How will interest rate imcreasing impact Canada Economy?

Madani in CNN money.com predicted housing prices in Canada will decline by 25% in next few years. Natural resources account for about 10% of Canada's economy and about 45% of exports, commodity price also impacts the Canada Economy. The likelihood of higher interest rates will bring uncertainty of Canada Stock Market, which makes it not grow so fast as expected. 

Reference: Follow Canada? Only at your own risk from money.cnn.com
http://finance.fortune.cnn.com/2011/04/27/follow-canada-only-at-your-own-risk/