Expect BoC rate cut on July 24th: economist

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Expect BoC rate cut on July 24th: economist

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BNN Bloomberg

Күн бұрын

Пікірлер: 59

@KarenLavia Ай бұрын

Rate cuts was suppose to commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

@Michaelparker12 Ай бұрын

The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.

@PaulKatrina. Ай бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@CraigLloyd-fz6ns Ай бұрын

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

@PaulKatrina. Ай бұрын

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@SandraDave. Ай бұрын

Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

@ejayguo2785 Ай бұрын

3:32 Econmist: we see clear disinflation pressure and it is on a good side. Me watching a Big Mac Combo just costed me $12 + $1.5 for tax. I don't see any disinflation happening and I don't believe this Big Mac would be cheaper in the next 10 years. These economists are delusional and high. 😂

@Lifeisapartydresslikeit Ай бұрын

Lololol I am with you on that one!! They will never cut McDonald’s meals

@andrewpayette621 Ай бұрын

You're probably right but also wrong. Your fast food will probably cost more in ten years. Also, the overall inflation rate is an average of all products. In some cases, products have decreased in price while others have increased.

@audittheauditors Ай бұрын

They said disinflation... Not deflation. KZfaq commenters are never intelligent.

@TheJoeMoneyShow Ай бұрын

Rate cuts ain’t doing crap who cares

@johnkuchta6866 Ай бұрын

If you had any significant revenue property you’d think different. If you don’t own anything then whatever happens, your life keeps getting worse.

@ransom182 Ай бұрын

Are you 5 years old?

@TheJoeMoneyShow Ай бұрын

@@ransom182 no I’m just not poor and not over leveraged like everyone else.

@namkebanyanklariti Ай бұрын

Out here on these streets:Unless the BoC cut rates by 50 bps, they might as well dont bother. 25 bps will not get people off the fence to buy homes, etc. 25 bps won't stop 60k plus realtors from walking away from the profession. 25 bps wont stop the avalanche of wide spread layoffs and bankrupties and mortgage defaults; 25 bps will not stop Canada from caving in with the US. Australia and New Zealand are already caving, Japan is caving, China is caving, Europe is bursting at the seams. Inflation is trending down even though corporations and foreign lobbyists are pushing the politicians to up with the efforts in Ukraine and Palestine to keep oil prices up. The Canadian economy is going down like the titanic and all Tiff is doing are incremental foolishness like the last time. Only a 50 bps rate cut can plug the holes on this ship to even stand a chance. Fall is around the corner when gas prices are going to boil down even further. Nobody has money to buy houses or a second home anymore. Foreign investors are running away from the Toronto and Vancouver real estate market leading to piled up unsold homes nobody wants to buy and will have to take massive losses. Why is Tiff still the governor of the BoC? He doesnt know when to put his foot down and he doesnt know when to drop the hammer. When you spend too much time in the ivory towerd you kinda miss what is really happening on these mean streets.

@bilko_4732 Ай бұрын

10% mortgage rates Q4 2025. And theres nothing BOC can do about that!

@gmarks1559 Ай бұрын

2.7% is still 0.7-1.7% OVER target, so BOC just going to move the goal posts again?

@georgehiotis Ай бұрын

they learned the tactic during the pandemic.

@WTHisthis2000 Ай бұрын

yeah it was 2.7 in april too.

@babba9960 Ай бұрын

put rent into cpi with 40% weightage , then count cpi..

@babba9960 Ай бұрын

rent has tripled since 2018

@GETLITUP69 Ай бұрын

Umm...last year inflation was 6% this time, still over 10% over the last 2 years.

@mikewest5529 Ай бұрын

So can we use the basket of goods that we used for 50 years? Still chicken and no steak?? Go away. Clown show!!

@raesmart3305 Ай бұрын

I bought 4 loin steaks at Costco which were $38.00 before Covid for $92.00. I used to pay $80-$100 a week for groceries with meat. I am closer to $200 for the same items without meat.

@mikewest5529 Ай бұрын

And I feel like this guy is protecting his boss. Like a 1/2 would tell us the economy is failing!! We know it is. Jokes!!

@Ynalaw Ай бұрын

Have you seen how many points the TSX gained this week?

@mikewest5529 Ай бұрын

@@Ynalaw Ok silly. How many citizens are playing the market??? 10% on the high side, and those people have money already. So middle class falls back more but the economy is doing great! Not sure you understand what’s up.

@Ynalaw Ай бұрын

@@mikewest5529 Yes, you're right.

@iitsEfnisien Ай бұрын

they've expecting a rate cut since the beginning of this year

@GG-os4is Ай бұрын

And they did get a rate cut earlier. So what's your point?

@babba9960 Ай бұрын

just say to citizens buy house or go to hell

@ajithantony5674 Ай бұрын

Rise the rates back to 5. These economists are liers

@qifridek Ай бұрын

More free money the higher the rates are.

@b21raider27 Ай бұрын

Canadian economy going downhill.

@georgehiotis Ай бұрын

Watch the Canadian dollar tank like a rock in the great lakes.

@seanothepop4638 Ай бұрын

Been watching it do that for half a century. Spitballing between the two parties that lower it's value, on a mathematically, factual, level.

@Relaxlifeisshort2 Ай бұрын

Economist wrong as usual I called this a long time ago Not because of inflation its because of unemployment

@VancouverVince Ай бұрын

Canada just needs affordable rent which would be $600/ month for fixed-income people. No province is considering this when doing formula calculation for affordable housing. PP is right NIMBY is the root cause of unaffordable housing.

@bingboone9474 Ай бұрын

Who is on a fixed income? You mean retiree's who are on CPP and OAS which are indexed to inflation? That's not a "fixed" income...

@RCheck185 Ай бұрын

Higher interest rate just equals higher rents. Cost just gets passed on

@JessT-vg7ib Ай бұрын

Canada needs negative interest rates.

@rh3108 Ай бұрын

Tell us you're over leveraged without telling us you're over leveraged

@markz1013 Ай бұрын

Yeah, and 6 million dollar townhouses

@donm2067 Ай бұрын

@@markz1013scratch that, 60 million dollar town homes in North Bay

@billyt3130 Ай бұрын

Rate hike is needed

@Azel247 Ай бұрын

based on what measure?

@billyt3130 Ай бұрын

@@Azel247 food prices are far from normal

@ThugLife___ Ай бұрын

Ok boomer

@Azel247 Ай бұрын

@@billyt3130 It will never return to previous levels

@audittheauditors Ай бұрын

Food isnt super expensive. Not sure what everyone is complaining about. Sure its 50 percent more than during covid. But if I was spending 200 a month before and now 300, big whoop.