Loonie outlook ahead of BoC rate decision

Thierry Wizman, global FX and rates strategist at Macquarie Group, joins BNN Bloomberg to discuss the impact of oil price on Canadian dollar.
Subscribe to BNN Bloomberg to watch more videos: / bnnbloomberg
Connect with BNN Bloomberg:
For the latest news visit: www.bnnbloombe...
For a full video offering visit BNN Bloomberg: www.bnnbloombe...
BNN Bloomberg on Facebook: / bnnbloomberg
BNN Bloomberg on Twitter: / bnnbloomberg
BNN Bloomberg on Instagram: / bnnbloomberg
BNN Bloomberg on LinkedIn: / bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

[@pat564]

Not even Pierre can save Canada. It’s dug its own grave for decades.

[@r.l.rachel740]

A BOC rate reduction or many BOC rate reductions will NOT fix Canada’s economics. Financial analysts, Economists, Reporting zMedia’s, it’s time to surface the root cause of Canada’s malaise; LACK OF PRODUCTIVITY. Canada’s Productivity delinquency is a complex, challenging topic. Long term fiscal tax policies, intellectual property rights, copy-write laws all need to be re-vamped to incentivize and REWARD NOT TAX success. Justin, the Liberals and their coconspirators the NDP just don’t get it.

[@alainmercier-eq9cc]

sadly very true

[@marianhof9755]

Dropping B of C interest rates is driving inflation up. Everything we import is more expensive and if we travel out of the country exchange rates strip 60% off every dollar.

[@Jersderakerguoe]

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

[@bernadofelix]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

[@SandraDave.]

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

[@bernadofelix]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@Hectorkante]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@metricdeep8856]

"Experts" = Always surmising, after things happen. Not one that can predict a damned thing. Except failure.

[@risitas5874]

I hope he's wrong.. The exchange rate is already ludicrous.

[@dontbefooledbyjumla7869]

Expected to hit 1.40

[@Carolinapetroska]

The CAD is worthless versus the Euro. Rock bottom.

[@sylvainh2o]

every time our rates goes down while it doesn't in the Usa our Loonie go down it' automatic. Today will prolly be our 2nd rate cut compared to the Usa being at 0 cuts so far.

[@TheAshdan81]

All these central banks are forgetting one thing, if they keep interest rates low, money will just go to crypto currencies or gold.

[@JessT-vg7ib]

We need higher immigration, higher inflation, higher interest rates, and higher exports.