It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the canadian 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.

You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.

The news about Canada's economy collapse is not new. the media are currently being inundated with the news of economic meltdown. It takes a lot to look past the sea of ​​headlines and focus on what's important: No matter how low stock prices fall, they keep rising. I completely ignore all news and continue to invest. I recently set aside $40,000 to invest in the market as we anticipate a collapse. Do you have any suggestions?

Canada never recovered from the 1980/1981 recession.

Exactly, it's a lagging indicator and hence we have not seen the effect of carbon tax increase yet. They should not be cutting now. If they do, the inflation will go back up and we will have higher rates for much longer.

Interesting! If i had that capital, i would have some flexibility. I would consider diversifying across different asset classes.

I am based in Canada but invest mostly in the US markets. I am looking for financial advise and guidance as I want to be invested in the market but between work and family commitments there is simply little time. I have a portfolio of about $400K at the moment all in equities. Please let me know of you can help.

I'd argue we'd been in a per capita recession for 10 years now.... We need HIGHER RATES! Not lower!!! We need a sharp correction! Lowering rates will bring inflation back up! The current rates are below-average if you look at the last 100 years of rates. The solution is to bring the prices down and for that we need higher rates for longer!

5% is peanuts it should be above thd inflation rate of 12% and no we are not different then the states when were tslking the federal rates

Boc must must keep rate up if the want house prices to come down .also Canada needs recession to fix housing affordability.

What part of 700,000 Canadian Mortgages(40% NEGAMS) renewing thru 2026 and ALL at far higher rates/payments than when initiated(not 0%), does Rosie not understand is going to have serious ramifications for our 65+% consumer 'spending' reliant GDP ???????? and If you subtract the last 10 years of Mortgage/Consumer DEBT growth from Canadian GDP ? we've already been is a recession for well over a decade anyways.... and just maintaining GDP with no more than DEBT under 0% rates ! which... too much DEBT accumulation now for any return to the 0% rates in order to maintain GDP.... all it does is pull from currency valuations(debasement) as Inflation !

Broken clocks are right twice a day.

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

Trudeau and Freeland told us Canadian economy is the best ever.

Oh Please cut rates. I do not make much money and am not very productive but need to get back to a normal economy where I can keep borrowing against my house each year to maintain my lifestyle.🤣

Boc ain't cutting anything till fall.

Reducing interest rates is akin to adding fuel to the persistent fire of inflation. I often liken inflation to our blood pressure. The inflation, or blood pressure (BP), skyrocketed due to an unprecedented amount of money being printed (Quantitative Easing or QE). Then, the medication (higher interest rates and Quantitative Tightening or QT) managed to lower the BP (inflation to 2.7). We understand that our BP should ideally be 120/80, which equates to a 2 percent inflation rate. Now, picture this: the doctors (or so-called experts) are suggesting that it’s okay to start eating red meat again. We all know the consequence - the BP will inevitably rise (inflation will swiftly increase from 2.7 percent to 3 percent and higher..). The BOC is aware that it needs to maintain higher interest rates to stabilize the market, and then it needs to persistently keep the rates high (four hundred basis points) to ensure the economy’s well-being. BOC's message is very clear, it's the delusional low rate addicts who want more booze..

Interest rates will be satying higher long term thats what macklem said. Thank god too maybe finally mortgages will be expensive enough to bring down prices.

The bank rates can only come down, maybe a quarter andI still think that the rates are still consider low. Why do you get inflation if the government prints money gives it to every single deadbeat out there. The problem with the government, they reward the people that don’t deserve to be rewarded.

Canadian Bank rates will do little to control inflation, economy sinking due to lack of innovation, business, and rampant red tape. Housing is a hyper bubble, it will collapse.

Our Prime Minister says these are the best days of our great nation. Who do I believe? The PM never lies, isn't he?

Probably? Yeah, we’re in a recession. Lost my job in January.

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

I highly doubt that Bank of Canada will cut interest rates without following the FEDS. Cutting interests will devalue the Canadian dollar. That will again lead to inflation because imports are priced in the US dollar.

Numbers highly manipulated?

Help me understand wtf is “probably already”

Of course I at this Point can’t plate my car and I Was too broke to buy phone mins And groceries is wild we have to put items back and I work full time.

I'm worried about how this will affect my portfolio if I don't plan well

Agree 100%, when the per capita GDP has been contracting at such an astonishing rate, the economy is clearly sick and the BOC is way past the point at which they should be lowering rates.

Why do many of us, suffering and in long-time dire straits in the western world, have to stick it out and wait around *yet another* 8 months for hope, change, and improvement? ...esp. here in the U.S.

100% in a recession, I know of a few union halls full of out of work men. They should be empty. Big builders have only brought back some crews. Home sales on new subdivisions dead. Truck prices coming down as are new truck financing costs. This will quickly accelerate across all of Canada.

Probably? We are way past a Recession and nearing a Depression. 50% of the country barelty makes it to the end of every month. 25% of the country only eats because food banks exists. Poverty and homelessness are at crisis levels in every single province in the country. The rich need to get out of their ivory towers and see whats actually happening in this country because it's collpasing. When the rich talk about the "economy" they mean Wall St and investments. Their economy is not our economy which is as I said is collapsing.

With all the hard work to control inflation why drop rates now? BOC has not from my shopping list seen the end of inflation and lowering rates would be foolhardy. I hope Tiff holds tight and stands his ground, 5% seems to be doing its job.

Maybe tell that to the BoC.

He predicted the housing bubble will burst than what happen.. nothing lol

Interest should always be above inflation and always have a 8 percent like we used to have wouldn't be in this mess

We were on the brink in 2019…waiting waiting….

It's the same as what happened with Pierre Sr. The rates have to come down. They won't have a choice. Carbon taxes are causing it. People need to get out if debt now.

I know what Rosie is going to say before he starts moving his lips. Talking his own book. If BOC cuts too soon, inflation is going up again. Better start spending your CAD before it goes to $0.50

Prices are still up. inflation has come down, but we are still paying much higher prices while the majority have not seen an equivalent increase in income. Trouble ahead.

With rate cuts expected by B of C, the Canadian dollar is about to crash against the US dollar. Sell your Canadian dollars while you can, before they cut, and you end up with Pesos.

This guy's been saying Canada is in a recession since the very day he was born.

Prepare for a 65 cent dollar.

There are much better business opportunities in the USA: inflation has hit Canada hard. Consumers don’t have much left over after paying rents mortgages and other high expenses. Taxes are horrific: With the bank of Canada cutting further, inflating prices higher and destroying the Canadian dollar it doesn’t make sense to stay here. The governments only objective is to keep house prices high as possible, at the expense of the rest of the economy.

Look around and the economy is still doing okay, house prices remain high, stock market is doing okay, people are still planning to spend $ on summer vacation, you still have to wait for delivery when buying a new car (not including EV), unemployment is stable, government is still spending like a drunken sailor and have no plan to shrink its size. So Rosie what have you been smoking ? Where do you see recession ? Go to any Costco store and you will be convinced why most people are not seeing what you are talking about.

Canada can't cut the interest rate, unless the US does. Our Dollar will be worth even less, and import prices go up farther.

Sometimes I’m amazed at how stupid journalists and their supposed “experts” are.

His thesis on the huge influx of immigration seems incorrect. If a country of 35 million allows 1 million new immigrants, that will create more demand for local currency which is dis inflationary or deflationary effect. The inflation right now is coming from reckless government overspending. Similarly, if we bring in 1 million immigrants and the unemployed rate goes up by 400K, that actually means that the economy grew by 600K working people, no? Meaning the economy expanded.

Will 2025 election be a year of big changes to the federal financial management & debt crisis ? Will a new government, for example , be a positive outcome for people with high interest debts ? What would a better federal government do to achieve a better financial Canada?

USA interest rates will dictate interests in Canada. Given trade with USA is 90% of our economy, comparing to EU interest rates is disingenuous.

I work in a hardware store in Southern Ontario and sales are BOOMING. There is no slowdown in the economy from where I stand. However, even though our crew are being worked to the bone from a flood of customers, the store won't hire any extra staff even though it is clear that we are short-staffed as it is.

So many books behind him on the ikea shelf but he probably didn't read any of them. what a fool

The only way to control inflation is by eliminating income fraud in Canindia

Rates will not be cut because inflation is at target. They will only cut if there is a reason to cut rates.

Stfu on rate cuts!

By 2030, nobody will own anything, and be happy.

Ha ha ha !! Coffee?

Maybe tell that to the BoC.