How much the Bank of Canada will cut in 2024
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- Опубліковано 22 тра 2024
- 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.
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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.
God I hope this is true
I agree. They lie to us so the market doesn't freak out too fast, otherwise they end up with problems.
You and the 11 morons who liked your post have no understanding how economics work. Rates are coming down.
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.
Nothing will stop the housing bubble not even an interest rate à 15%. Immigrations is just to high.
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.
Yep, the central banking cartel RUN by a couple mean families!
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....
If Rent went up 8% and it is the lion share of spending, then how do we say Inflation is under 3.0% ?
Inflation is month to month. Rent has stabilized in recent months. Even went down in Toronto
Intrest portion in Mortgages are doubled and central banks wants 2% inflation.
Someone is bad at math
Excellent question.
She doesn't look like she believes what she's saying...
Why is that none of these experts and BoC never saw the inflation creeping up.
I see she wants to laugh. 😂
We need to pivot to a yield curve control rather than interest rate targeting.
Hell no. The banks needs to stop buying bonds if anything.
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
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.
@@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.
@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 :(
@@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.
Will it cut? Amazing how much air, this rate cut debate, sucked out... My UA-cam feed is drying up :-(
Economy is still strong, there is no need for cuts and there won't be
Strong? The economy is fucked beyond belief. We've all seen the videos of lines around the block to apply for minimum wage jobs.
Punitive tariffs everywhere. Which means prices going up for everything. Rates will stay steady or rise.
Mortgage interest?? That’s perfectly CAUSED by the bank of Canada
Cry more.
Her voice mannerisms and speech style reminds me of our glorious deputy minister. And for that reason im out barbera
Why they are cutting when economy is strong
As long as the geopolitical situation remains tense, maybe a quarter point coming.
0% cuts. The BoC will keep rates the same or move them higher because they are all inept.
It’s not rocket science if you up interest rates landlords have to increase rents to cover their mortgage, lower rates = lower rents
That’s a given .!!!
@@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 .!!
@@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.
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.
Get a real job leech
1%
125 points
Mortgage rates need to level out around 4 for 5 years, not this 6.5 crap
No cuts
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.
There is a lot of room, loonies already worth around 0,50$
Currently .73
businesses that rely on imports will start to fold under .70
Groceries and unemployment to the moon
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.
We are far from being an exporting giant.
Logs and a few other things maybe
@@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.
All these millionaires are fucking us but good
You got that right and the government screwing everybody except the rich
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 ?
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.
0%
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.
Canada has been destroyed forever
Where are the grocery stores where prices have gone down? Lol she must be living in the Liberal fantasy world
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 😂😂😂
Price didnt went down, price just stopped to increase compare to the last 12 months.
Manufactured inflation.
None, they will drag this on because we keep printing money
Canada is in big trouble
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
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!
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.
inflation is not going down stop lying
Trump must come into power when
Pierre takes power as well things will change for us to the better
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.