How much the Bank of Canada will cut in 2024

Рет қаралды 39,991

Ай бұрын

Dawn Desjardins, senior economist at Deloitte Canada, talks with Financial Post's Larysa Harapyn about what the latest inflation data means to the Bank of Canada and interest rates.

Пікірлер: 86

@hersdera Ай бұрын

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

@jones9- Ай бұрын

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@KarenLavia Ай бұрын

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@redeyesband Ай бұрын

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@zomgoose Ай бұрын

Never Trust a Banker

@kevinn1158 Ай бұрын

The UST2Y is pushing 4.9% and rising and she thinks the BOC will cut with rents and real estate ready to explode? Yah, I don't think so. And I don't see 3 cuts this yr at all. That would light a fire under inflation again.

@MrCote-xz3cd Ай бұрын

Nothing will stop the housing bubble not even an interest rate à 15%. Immigrations is just to high.

@user-lb8bg6kj9m Ай бұрын

Inflation is 10% at a minimum. We need to get rid of central banking which is destroying the real economy. The market should set interest rates, not some clueless guy sitting in an ivory tower trying to run the economy like a Soviet central planner.

@1JO_M Ай бұрын

Yep, the central banking cartel RUN by a couple mean families!

@sherylsauder5579 Ай бұрын

Anyone who buys things knows politicians and the central bank lie about the inflation rate. Everyone swimming in debt is begging for rate cuts but then will be crying when inflation increases....

@truthteller6743 Ай бұрын

Rates will not be going down. US Debt needs to be renewed and many are no longer buying. They will be raising rates. Truth hurts.

@WizardHarry69 Ай бұрын

God I hope this is true

@EvansBoy1992 Ай бұрын

I agree. They lie to us so the market doesn't freak out too fast, otherwise they end up with problems.

@gagandhaliwal1453 Ай бұрын

You and the 11 morons who liked your post have no understanding how economics work. Rates are coming down.

@SteveK-bk1lo Ай бұрын

If Rent went up 8% and it is the lion share of spending, then how do we say Inflation is under 3.0% ?

@gamerstv2444 Ай бұрын

Inflation is month to month. Rent has stabilized in recent months. Even went down in Toronto

@mrnice9922 Ай бұрын

Intrest portion in Mortgages are doubled and central banks wants 2% inflation. Someone is bad at math

@SpencerBurns-jq8lj Ай бұрын

Excellent question.

@rightersbloc Ай бұрын

She doesn't look like she believes what she's saying...

@geraldsilva3550 Ай бұрын

Why is that none of these experts and BoC never saw the inflation creeping up.

@maggielo1133 Ай бұрын

I see she wants to laugh. 😂

@goldguilder9554 Ай бұрын

We need to pivot to a yield curve control rather than interest rate targeting.

@EvansBoy1992 Ай бұрын

Hell no. The banks needs to stop buying bonds if anything.

@KneZor Ай бұрын

Will it cut? Amazing how much air, this rate cut debate, sucked out... My KZfaq feed is drying up :-(

@babelfishdude Ай бұрын

Punitive tariffs everywhere. Which means prices going up for everything. Rates will stay steady or rise.

@nu4chune Ай бұрын

Her voice mannerisms and speech style reminds me of our glorious deputy minister. And for that reason im out barbera

@courtneybrown8155 Ай бұрын

I don't understand why people need rates cut. The interest rate is not high. The price of things is too high. Not Interest rate

@MrCote-xz3cd Ай бұрын

Wrong, interest on a mortage of a new home represent a bigger part of your salary compare in the 80s. Money just have lost value, which is normal, interest are to high.

@shawn576 Ай бұрын

@@MrCote-xz3cd But the cost of housing being too high is exactly why higher rates are needed. It causes real estate prices to crash. You can't afford a $1M mortgage at 7%, so the bank won't lend you that much, which means the seller can't sell it for that much. Houses were cheap as shit in 1980 because the mortgage rate was 15%. Nobody could borrow $100k at that rate, so nobody could sell a house for $100k.

@Choimasterflex Ай бұрын

@shawn576 imagine if $1mil houses today crashes to $100k... because some random reason BoC decides to increase rate. That would only benefit the top 1% wealthy as they don't need mortgage. They'll probably just swoop in, buy all off cash, and hold property to resell or rent later. Can't see how either way would benefit working class :(

@shawn576 Ай бұрын

@@Choimasterflex High interest rates massively benefit the working class because it means down payment for a house is actually possible. 20% down on $100k is only $20k. I'm a pleb electrician and even I save more than that every year. When a house is $1M, it takes a decade to save a down payment. People buy a first home when they are 40 and then we wonder why the fertility rate is so incredibly low.

@milishjoseph8928 Ай бұрын

Why they are cutting when economy is strong

@billyt3130 Ай бұрын

Economy is still strong, there is no need for cuts and there won't be

@shawn576 Ай бұрын

Strong? The economy is fucked beyond belief. We've all seen the videos of lines around the block to apply for minimum wage jobs.

@gamerstv2444 Ай бұрын

125 points

@mrnice9922 Ай бұрын

@edmondlai8299 Ай бұрын

As long as the geopolitical situation remains tense, maybe a quarter point coming.

@Truthseeker1-uq6wc Ай бұрын

Mortgage interest?? That’s perfectly CAUSED by the bank of Canada

@WizardHarry69 Ай бұрын

Cry more.

@danesplen2677 Ай бұрын

It’s not rocket science if you up interest rates landlords have to increase rents to cover their mortgage, lower rates = lower rents

@legacyturbo8485 Ай бұрын

That’s a given .!!!

@legacyturbo8485 Ай бұрын

@@kalebb7170not true .!!! Immigration is causing a lot of this demand in rental and purchasing. Before this castreau government bringing in all these immigrants we had lower rates and we didn’t see rents and housing prices skyrocket because the demand was much lower .!!

@kalebb7170 Ай бұрын

@@legacyturbo8485 genius, the biggest price increases were during the pandemic when immigration was essentially zero. Also, 2 guys looking vaguely similar in one picture doesn't make them father and son. Otherwise I have some crazy info on the relations up between Leonardo Dicaprio and Jack Nicholson.

@HardKnocks-pi7pc Ай бұрын

Not institutional well heeled landlords. If you need a mortgage for more than 40 percent of a properties value you shouldnt be a landlord. Leave it to the big boys and go back to work and focus on your job.

@WizardHarry69 Ай бұрын

Get a real job leech

@CanDoTax-hd5qy Ай бұрын

0% cuts. The BoC will keep rates the same or move them higher because they are all inept.

@melkert81 Ай бұрын

Mortgage rates need to level out around 4 for 5 years, not this 6.5 crap

@ajithantony5674 Ай бұрын

No cuts

@user-vi8ci2bi6b Ай бұрын

So called experts say that "we can cut before the US". With the loonie currently lower than anyone wants, with further decline expected. I don't see how we could cut first. We will have to wait for some signal that the US is heading for definate recession before we could take that chance. I only see pauses at each meeting until then.

@MrCote-xz3cd Ай бұрын

There is a lot of room, loonies already worth around 0,50$

@user-vi8ci2bi6b Ай бұрын

Currently .73 businesses that rely on imports will start to fold under .70 Groceries and unemployment to the moon

@shawn576 Ай бұрын

Keep in mind that rich people are not affected by a weak loonie. A weaker loonie boosts exports because it effectively cuts the wages of all people who get paid in Canadian dollars. They get paid in US dollars for the products being sold, but the workers are paid in Canadian dollars.

@user-vi8ci2bi6b Ай бұрын

We are far from being an exporting giant. Logs and a few other things maybe

@shawn576 Ай бұрын

@@user-vi8ci2bi6b Canada is the 9th largest exporter in the world. It's pretty impressive considering we're only about 0.5% of the global population.

@user-py4un2ss4e Ай бұрын

@dirtlump Ай бұрын

Not happening ! And just how many U.S. Federal Reserve cuts do you see in 2024 concurrent to those .75 Bps of BoC rate cuts ? because if the U.S. Fed doesn't move all those BoC cuts will do is make things even more expensive as our Loonie Tanks ! Nice to see Groceries coming down..... but what Groceries ? I've never seen our local Grocery stores so empty. No matter Safeway, Superstore, SavOn.... nothing but empty shelves with signs blaming 'supply chain' issues ?

@user-vi8ci2bi6b Ай бұрын

Very true. At the onset of the hikes it was said that inflation wasn't going anywhere until the supply chain issues were fixed. They are not fixed.

@ronlewis2707 Ай бұрын

All these millionaires are fucking us but good

@Doug-zl8nb Ай бұрын

You got that right and the government screwing everybody except the rich

@maggielo1133 Ай бұрын

How do they calculate that 2.5% ? All the necessity including gas and food are still high . Clothing shouldn’t be included . No one need to buy clothes regularly 😂 I have a coworker she put all her paychecks on renting . We see her has no lunch . This is unacceptable and ridiculous . And you guys came out and talk the price has went down ? I see only one reason for that . To tell us that the policy is heading to the right direction and the decision was smart 😂😂😂

@MrCote-xz3cd Ай бұрын

Price didnt went down, price just stopped to increase compare to the last 12 months.

@shawn576 Ай бұрын

We are so fucked. We either hold rates and see massive deflationary collapse in real estate or we cut rates and our currency plunges. If you truly believe BOC will cut rates before the fed cuts rates, you should be swapping to USD right now and buying short term US treasuries.

@Doug-zl8nb Ай бұрын

Canada has been destroyed forever

@DA-pt1em Ай бұрын

Where are the grocery stores where prices have gone down? Lol she must be living in the Liberal fantasy world

@debbielewisfehr9328 Ай бұрын

Manufactured inflation.

@parthppatel28 Ай бұрын

Lol she's doesn't know her stuff. I think the max we have will be 2-25 basis cuts spaced in between. That's it!

@shawn576 Ай бұрын

I think you'd be surprised how quickly rates can be cut, but only if the fed moves first. If the fed cuts back to 1% or whatever, this gives the green light for Canada, Australia, etc to also cut to 1%. Pay close attention to what the fed is doing.

@alienspace3960 Ай бұрын

inflation is not going down stop lying

@leyladerysavi5620 Ай бұрын

Your guest only talking as may be and not sure or as survey what they said in 2 months all her saying not need experts to say. Normal human living in Canada knows those basic thoug.t. Please dont waist our time if they don’t have knowledge more than average people knows. When you bring expert means they should know more , she just talk on safe side. Choose next time right people for interview. Thank you. Sorry don’t take it personal either ones.

@ronlewis2707 Ай бұрын

Trump must come into power when Pierre takes power as well things will change for us to the better

@jonh537 Ай бұрын

None, they will drag this on because we keep printing money

@Doug-zl8nb Ай бұрын

Canada is in big trouble

@AmanSS890 Ай бұрын

They keep printing money like crazy . When Covid happend they printed money like crazy let people take loans and buy house and get stuck with a 30 Year mortgage. The joke is on us. Money in the sense is worthless they just keep printing money and pushing up the cost of everything