The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

Let's keep talking about rate cuts rather than addressing the source of the problem. An economy built around housing is a ponzie scheme, not a G7 country.

Wouldn't invest a dime until Trudeau is gone

This guy is delusional.....

TD bank forecaster?!! Couldn’t even forecast their own fate after money laundering 😅

I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

Is he talking about the same Canada? delulu to the max

This guy and Warren Buffet have more confidence in Canada than Canadians

I'm not buying this assumption. US is going to continue to out perform Canada period. Nothing analysts say can change that fact.

Americans can deduct mortgage interest and consumer interest on credit cards on their taxes, compared to Canadians who can't deduct consumer interest on their taxes!

Lower interest rates does not mean economic growth always ... It is a lot more complicated.

Keep dreaming ! This channel is more of a comedy for economics, affordability is everything ! 25 % of the housing belongs to the investors, you will learn that not the government not the central bank are in charge! Inflation is !

lol cutting is because of weak eco. This argument is the same as devaluing the Canadian dollars to boost economic development.

The fact they cut once doesn't mean they are in a "cutting cycle". Inflation just went up again.

Lower interest rates and high immigration are only going to make it worse for housing.

Predicting 2.5% is bonkers.

"That'll be a significant tailwind to Canadians: we'll have less of our disposable income going to mortgage payments" - at a time when house prices are so high that they are defined as being "impossibly affordable". Yep, there's a privileged segment of Canadian society who aren't sensitive to the current extremely high prices, and this is a massive windfall for them. For much of Canadian society, this is an utter catastrophe.

It sickens me that American's are able to lock in a mortgage rate for 30 years while in Canada the best we can do is 5 years. I really think that this should be changed. It is so hard to plan your future not knowing what your mortgage rate is going to be be 5 years or less at any given point. I would love to see this increase even by a year or two. It would make a big difference to so many young Canadians trying to chart out their lives.

Sure such a good Tailwind when our dollar fell to 73 cents and more rate cut = Cad dollar value falling even more. Canada sucks at giving incentive for companies to establish themselves in Canada and Quebec anti English laws are costing everyone so many jobs. I wish Quebec would be free and not a slave to French language and that's coming from someone that is a French Quebecor!

Canadians dont have as much confidence in their country as this guy and Warren Buffet

I am not sure if me and the people in comments are being pessimistic or the economic forecasters are delutional.

This outlook probably takes into account that we will have a change in leadership next year

So we're going to turn the Canadian dollar into the Canadian Peso, keep housing prices high at the expense of the currency all Canadians are forced to use...

An economy based on housing is not a stable economy

"There's more certainty in Canada" - yes, a huge segment of the population will certainly never own a home, and all the vulnerability that goes along with that.

Love this guys positivity 😅 I’ll have what he’s having!

This forecast is assuming that interest rates will be lowered to 3.5% by the end of this year. They need to cut every single meeting for that to happen. I doubt it

2.25% is NOT HAPPENING ! It's called maintaining a positive BoC rate in real terms above the 'zero bound' 2% Inflation target.... and the BoC is pretty much stuck given the now 'debasement' based nature of further DEBT expansion(already ~$3+ Trillion Mortgage/Consumer) unsupported in 'future' GDP/GDI servicing capacity which has been stagnant already 10+ years devoid of productivity growth.(canadian GDP barely ~$2 Trillion) This guy is sniff'in GLUE !

As they said we won’t be able to build enough housing to improve affordability. We need massive productivity gains and a growing economy, not just overall GDP but per capita. Expensive housing is not a new phenomenon, it’s been too expensive for at least a decade. But under Harper’s covert, Canadians could get richer quicker. After a decade of Trudeau, no one wants to invest in Canada, NDP also strangles private capital where it has influence, we need to de regulate our economy and then drop corporation tax significantly, Americans are more productive then Canadians, we need to find other ways to offset that and attract investment, the Irish model is perfect but with less redistribution ideally.

I do agree about mortgage rates and amortization and tax benifots of usa vs Canada.

This channel is a joke

What he says is logical. If mortgage holders free up some of their disposable income, spending will increase. A lot of people in the comments are negative for other reasons.

What about higher taxes ?? that put us way behind in G7.

coping hard

The housing market will not crash folks. Any government will do everything to keep it together. Forget about a dream correction where everything will be back to what it was. This is the new reality.

Money should be poured into family support. Let us grow our families and our ofspring will support Canada. Make living here the dream. Invest in Canada. If we do this, in less than 10 years we will see growth.

In my opinion this man does have the experience, education or foresight to see what is going on. Saying Canada is in a "cutting cycle" is ridiculous...... Either he has come onto the show to lie to us or he is clueless..... Either way this does not give me much confidence in TD.

It seems 75 cents is a good level for the canuck buck.

WHOOOEEE!! The graff shows Canada's growth between now and same time 2025, a whopping .4% . Four tenths of ONE percentage point. Not even half. We are all going to be RICH!!!!! Not.

Wishful thinking

These are the lies. You cannot fix debt with more debt

🌎

2025 is next year. This is not a long term outlook.

It is horrible being a young person in this country right now

give me a break

Canadians can thank Trudeau for getting us to where we are today - poorer than ever before and miserable

Buy gold?

This kid's head is in thr clouds. He is "feeling" the economy from spreadsheets. He has no idea what he is talking about. This guy is the classic "we never saw it coming" 2008. Listen with caution.

Oh look TD bank rushed this dude out to seem “like they are experts in economics” after TD has been all over the news about money laundering…lol….TD in on damage control 🤣🤡

SELLING HOPIUM

Whatever...

justin T is worse PM of Canada . resign. vote wisely

Don't invest in Canada. Inefficient. Unproductive. Over taxed.

escape from canada 2024