Global tensions and house prices may stroke inflation: Macklem

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  • Опубліковано 4 чер 2024
  • Warren Lovely, chief rates strategist and managing director at National Bank Financial, Etienne Bordeleau-Labrecque, vice president and portfolio manager at Ninepoint Partners and Christine Tan, portfolio manager at SLGI Asset Management, join BNN Bloomberg to discuss the latest BoC rate decision.
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КОМЕНТАРІ • 245

  • @nicolasbenson009
    @nicolasbenson009 21 день тому +253

    Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

    • @Michaelparker12
      @Michaelparker12 21 день тому +6

      I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

    • @DorathyJoy
      @DorathyJoy 21 день тому +4

      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.

    • @SandraDave.
      @SandraDave. 21 день тому +4

      Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.

    • @DorathyJoy
      @DorathyJoy 21 день тому +3

      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.

    • @ScottKindle-bk3hx
      @ScottKindle-bk3hx 21 день тому +2

      I located her, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.

  • @SantosCliff
    @SantosCliff 21 день тому +103

    Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

    • @pengily_emi
      @pengily_emi 21 день тому +3

      With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

    • @RockRex-lx7lg
      @RockRex-lx7lg 21 день тому +3

      With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

    • @Stephenrogzyyy
      @Stephenrogzyyy 21 день тому +3

      This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

    • @RockRex-lx7lg
      @RockRex-lx7lg 21 день тому +2

      Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.

    • @Stephenrogzyyy
      @Stephenrogzyyy 21 день тому +1

      I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

  • @martincuda7947
    @martincuda7947 23 дні тому +105

    120,000 young Canadians immigrated to the United States last year. They see no future in Canada as over priced housing costs have becone entrenched. The BoC is not allowing the bubble to pop and we need to pop it. Our banks can survive as they are well capitalized with ample provisions. The politicians as well as the BoC are too soft and will not own up to the mistake of allowing ultra low interest rates for too long, which allowed speculators and investors to drive up the price of housing to such an insane level.

    • @wlhansen2068
      @wlhansen2068 23 дні тому +5

      Agreed 👍

    • @bdegrds
      @bdegrds 23 дні тому +4

      The unemployment rate for young people in Canada is more than double the national average, THAT'S THE PROBLEM they don't work

    • @MatthewAT
      @MatthewAT 22 дні тому +4

      @@bdegrdsunemployment only measures the people seeking work who can’t get work. This means they want to work, but are not being given the opportunity too.
      I don’t want to assume, but I interpreted your message as they’re choosing not to work, which isn’t measured in unemployment data.

    • @janetpelletier1238
      @janetpelletier1238 22 дні тому

      yep

    • @argeldelacruz9545
      @argeldelacruz9545 22 дні тому +1

      Rent it’s half the price of a mortgage.

  • @nelson-al4663
    @nelson-al4663 22 дні тому +31

    The cheaper way of life in Canada was meant to offset the shit and depressing cold weather for 8 months a year. That's no longer the case so why stay?.

    • @priuss6109
      @priuss6109 22 дні тому +4

      Bull's eye ❤. Makes no sense to live here

    • @Thetruthw
      @Thetruthw 21 день тому +1

      100% right

    • @ladyjade6446
      @ladyjade6446 21 день тому +1

      I’m preparing to leave.

    • @romeoandjuliet6522
      @romeoandjuliet6522 20 днів тому

      ​@@ladyjade6446where you gonna go pretty lady

  • @DanielH874
    @DanielH874 22 дні тому +10

    Extremely irresponsible to cut rates at this time. Take a look around. Prices for all the essentials are still rising quickly and the average Canadian is struggling. Responsible thing to do would be to take the pain, let the pop happen, struggle and then rebuild on an at least somewhat stable foundation. Instead the towel gets thrown in and we kick the can down the road for and even larger disaster down the road. No guts. For myself I will do fine. I positioned myself to benefit from rate cuts but most Canadians will not be able to do this..

    • @parkerbohnn
      @parkerbohnn 20 днів тому

      Wages gains just came in today at 5.1 percent year over year. With a rate cut Canada is looking at a wage price spiral and runaway inflation as well as a depreciating currency the same way Argentina initially went in the wrong direction.

    • @DanielH874
      @DanielH874 20 днів тому

      @@parkerbohnn Just scary.... Country being driven into the ground.

  • @yingyang1875
    @yingyang1875 22 дні тому +22

    Us households hold less debt, make more money and the dollar has more value.

    • @argeldelacruz9545
      @argeldelacruz9545 22 дні тому

      They have Mexicans pumping houses like no tomorrow! Where’s our Mexicans!

    • @sylvainh2o
      @sylvainh2o 22 дні тому +4

      And they pay less taxes on their ydaely income and also in consumer tax at shops. They need to pay an healthcare insurance but it gives them I stand service of the best quality. Here you wait forever and can die or get at the least at lot worst before getting treated.

    • @yingyang1875
      @yingyang1875 22 дні тому +3

      They also get to write off thier mortgage interest on primary residence

    • @JSRTales
      @JSRTales 22 дні тому

      @@yingyang1875true? wow, and yesterday we got a netflx prime streaming tax 😮😮😮

    • @dev4statingx90
      @dev4statingx90 22 дні тому

      ​@@argeldelacruz9545no mexicans...only Indians.

  • @sylvainh2o
    @sylvainh2o 22 дні тому +23

    It's horrible that in Canada they don't let people get those fixed rates for 3 years. When the rates were under 2% many in the USA managed to secure 2%/30years fixed rate now they are set for life while we getting raped by the mortgage system of Canada.

    • @nelson-al4663
      @nelson-al4663 22 дні тому +4

      You mean "fixed rates for '30' years"., right?

    • @ladyjade6446
      @ladyjade6446 21 день тому

      We are governed by a mafia.

    • @parkerbohnn
      @parkerbohnn 20 днів тому

      Pay cash for a house and don't worry about rates albeit lower rates pushes up home prices and capital leaves the country in search of better returns elsewhere. Money only flocks to countries such as Mexico were the currency appreciates in value not where the currency depreciates in value like in Canada.

  • @user-vd2gu7ez6q
    @user-vd2gu7ez6q 23 дні тому +20

    Nothing makes sense in Canada! We’re in a yo yo. High Risk !!

  • @coreyvanular6195
    @coreyvanular6195 23 дні тому +41

    How does our dollar tanking help inflation somebody explain?

    • @barsenovic
      @barsenovic 22 дні тому +7

      by making the borrowing $ cost more, it's means less circulation of $ currency, which means as the supply goes down, the value goes up.
      if they didn't do this, we would all face hyperinflation like in Argentina for example, and would hold worthless paper.
      it sucks either way, but it was the only shitty option... thank COVID and printing $ during that time for this.
      these are the post COVID issues playing out

    • @CanadaTop5
      @CanadaTop5 22 дні тому

      @coreyvanular6195 that’s a short sighted mindset. Yes the cad will decline in short run but cutting earlier will simulate economic activity and eventually bringing in foreign investors sooner and thus improving currency in long run.

    • @user-vi8ci2bi6b
      @user-vi8ci2bi6b 22 дні тому +10

      ​@@CanadaTop5
      Foreign investors don't like Trudeau's policies.
      They are not going to consider Canada until he's gone, which is still a long time from now.

    • @argeldelacruz9545
      @argeldelacruz9545 22 дні тому

      It’s called balance

    • @spiderjerusalem6887
      @spiderjerusalem6887 22 дні тому

      @@barsenovic printing money while SIMULTANEOUSLY shutting down a ton of business. Economic suicide, and we warned them.

  • @KM-sr9cc
    @KM-sr9cc 22 дні тому +9

    The rate cut won't last long. Macklem's comment is pointing in that direction, the cuts are TEMPORARY.
    Intensifying global geopolitical tensions in Europe, West Asia (Middle East), and East Asia would lead to HIGH INFLATION, Global Energy and Supply Chain Crises, and ultimately follow the MASSIVE RATE HIKES.
    The rate HIKE will be set way higher than 5%.
    The rates will be settled around 6 - to 7%.
    1970s Vietnam era inflation = 2020s Ukraine era inflation.

    • @dev4statingx90
      @dev4statingx90 22 дні тому

      So stagflation?

    • @dev4statingx90
      @dev4statingx90 22 дні тому

      So stagflation?
      Fucking UA-cam blocking comments

    • @mattslater2603
      @mattslater2603 16 днів тому

      Nope, wrong.
      Cuts will continue throughout 2024.... coming down to 4 percent by summer 2025.

  • @tobianish
    @tobianish 22 дні тому +12

    “Relatively good shape”? What country is that putz living in?

  • @stefanknezevic...
    @stefanknezevic... 22 дні тому +8

    So now everyone please jump into real estate and purchase a 1.4 mil house on a 50 k salary. We can do it.

    • @parkerbohnn
      @parkerbohnn 20 днів тому

      They're about 3 million where I live in Canada but on a $60,000 salary for the locals. Good luck trying to get a mortgage without lying about your income.

  • @desmomotodesmomoto2033
    @desmomotodesmomoto2033 23 дні тому +13

    I don't see rents, food....etc prices down.

    • @audittheauditors
      @audittheauditors 23 дні тому +6

      They will never come down. Prices won't go up as fast that's it

    • @desmomotodesmomoto2033
      @desmomotodesmomoto2033 22 дні тому +4

      @@audittheauditors so why they cut rates? does not make sense.

    • @audittheauditors
      @audittheauditors 22 дні тому

      @@desmomotodesmomoto2033 because prices aren't going up as much anymore

    • @argeldelacruz9545
      @argeldelacruz9545 22 дні тому +1

      Go fishing! Learn to hunt!

    • @whatinthefuckisgoingon
      @whatinthefuckisgoingon 22 дні тому

      ​@@argeldelacruz9545only a matter of time before that is restricted due to wildlife population.

  • @dirtlump
    @dirtlump 23 дні тому +19

    I've purchased USD, and I will continue to divest from CAD after Mr. MacKlem's assertion of 'latitude' for divergence on BoC rates from US Fed Policy rates.... FREE MONEY !
    And if anyone believes a .68 Loonie isn't inflationary..... Good Luck !

    • @vovin8132
      @vovin8132 22 дні тому +1

      LOL you bought into USD? The collapsing USD is why the CAD is collapsing. If you were so intent on investing in things other than gear and food stockpiles, then you would be wise to be hedging AGAINST the USD with gold or silver.

    • @babelfishdude
      @babelfishdude 22 дні тому

      I'm surprised that international faith hasn't been shaken by Trump yet. Al Capone only got three felonies afterall.
      If Trump cooked the books in the USA, just imagine what numbers he cooked up for international trade.
      Maybe that makes the USA gangster (stronger) or maybe that just makes the USA a haven for USD thug (weaker)
      Is the USD gangster or thug?

    • @dirtlump
      @dirtlump 22 дні тому

      @@vovin8132
      Gold/Silver are always a good holding within any portfolio....including mine... 5% to an absolute Max of maybe 7-8%.... after which you better buy bullets to protect it because it's too heavy to carry around and you can't eat it now can you ?
      Methinks you best Pay attention the USD/CAD over the next while.... it's a can't lose out of the CAD into USD on any subsequent divergence Mr. MacKlem feels he can enact from US Fed Policy ?
      In a room full of blind people the 'one-eyed' USD man is King.... with the CAD being the worst of the worst BLIND person in the G20/G7 by FAR !
      NO CHARGE !
      BTW, "Gear and Food stockpiles" ????? like WTF are you on ?

    • @LeeLee-BB
      @LeeLee-BB 22 дні тому

      @@vovin8132 I'm wondering, with the hoarding of gold & silver, should one decide to leave the country, how do u explain your pile of gold&silver at the customs?

  • @Barr894
    @Barr894 22 дні тому +4

    Their cutting rates shows you how weak the weak the economy is. Despite the inflation, they need to cut rates, and allow the dollar to decline, increasing the huge debt they created, and raising taxes. They are giving people some air to gasp, but in the long term those same people will be on life support.
    People can’t pay their bills because of inflation, so that’s why they are taking these measures. But in the long term they have made things far worse because they will be forced to raise rates once inflation spikes again.
    This is a minute by minute repeat of the seventies, where the exact same thing happened. They cut rates, despite inflation, saying it was temporary inflation. At the final end they had to raise rates to an unbelievable, never before imagined, 20 percent. We have the same situation happening now.

  • @dogoftheg
    @dogoftheg 23 дні тому +17

    Translation of title: “don’t blame my cowardly interest cut. Blame Russia. “

  • @mth469
    @mth469 22 дні тому +3

    money printing to bail out bankers
    causes inflation.

  • @amatuer2
    @amatuer2 22 дні тому

    Thank you to these eloquent guests for coming on the show. Very informative.

  • @kurtislabelle8332
    @kurtislabelle8332 22 дні тому +4

    May “stroke” inflation? Cmon…. That was done on purpose!

  • @nospm1244
    @nospm1244 23 дні тому +37

    I hope the inflation comes right back next year so that it bites him right before election. Young people are destroyed in this country.

    • @desmomotodesmomoto2033
      @desmomotodesmomoto2033 22 дні тому +3

      Why they cut rates? All prices, housing....etc are up. why?

    • @yr1520
      @yr1520 22 дні тому +4

      He'll get destroyed regardless. Young people will be old people if/when things recover.
      There's no future in Canada.

    • @argeldelacruz9545
      @argeldelacruz9545 22 дні тому

      I’m not wishing that but good. Then I can sell my house. Just want my mortgage to go back to normal. 1000 dollars less again.

    • @maxpayne7419
      @maxpayne7419 22 дні тому +1

      Young people will be just fine. Unless they listen to negative people like you.

    • @nospm1244
      @nospm1244 22 дні тому +1

      @@maxpayne7419 yes, they will be fine buying crappy real estate with mortgages that their children will have to pay off while having to work 2x as much as boomers because someone has to supplement their rental income with increased CPP benefits. get lost

  • @john_doe_not_found
    @john_doe_not_found 22 дні тому +14

    Just sharing some facts on why Canada is a mess and why so many young Canadians would chose America:
    Median Canadian income 2023 is $41,650/yr. Half of Canada makes less than that... hence, median.
    The average salary is a lie because the wealthiest 10% bring the average up to $61,000 per year. The vast majority of Canadians do not make $61,000 per year. As median income indicates, 50% of Canadians make less than $41,650/yr... so probably 70% of Canadians make less than the average salary per year.
    Many government employees make 90k/yr or more, and their incomes are paid by taxes generated from private sector Canadian employees who make half what the government workers make. Literally the poor feeding the rich... and the government employees aren't rich, they are just holding on to middle class.. barely.
    Canada is failing most of it's citizens today. Specially the young, who enter the workforce in the lowest paying jobs and look at mile high rent and housing that is untouchable. Leaving your country is not easy, and is not a decision to be made lightly, but almost 100,000 people chose to do so last year. Several thousand of them were young doctors newly trained in Canada.

    • @user-sz8dh3tf5c
      @user-sz8dh3tf5c 22 дні тому +1

      I know a Canadian who went to medical school in the US and became a doctor in the US and when she wanted to return to Canada, Ontario told her she had to qualify and that would cost her $70k. In other words, Ontario said that her American credentials were not good enough when we are short of doctors. What a joke. She chose to stay in the US. Canada is a has-been country resting on its laurels.

    • @priuss6109
      @priuss6109 22 дні тому

      ​@@user-sz8dh3tf5cresting on laurels is very apt

    • @john_doe_not_found
      @john_doe_not_found 22 дні тому +1

      @@user-sz8dh3tf5c America takes Canadian doctors and recognizes all Canadian training as equal to American training. America makes it seamless and easy for Canadian Doctors to become American citizens and start practicing their profession almost as soon as they arrive.
      Canada could learn some lessons on how to attract talent and make them feel welcome.

  • @stephenr6194
    @stephenr6194 23 дні тому +5

    Rate cut cheer leaders are all out today oh my gosh!

  • @patricklapointe674
    @patricklapointe674 21 день тому

    For the last 6 years, with the low rate and free money, it was easiest and more reward to buy and resale than to take the risk of building new homes or condos! Regulation for new buildings in big cities is a nightmare!

  • @jonathannoga3047
    @jonathannoga3047 22 дні тому +2

    It's way too early to assert that Canada has been able to withstand 5% interest rates. It takes about 2 years for monetary policy changes to filter through the economy. BOC's rate hit 5% about a year ago. Many mortgages holders are still set to renew next year and the year after, at rates that will still be considerably higher than before the rates were increased. The pain has only just started. These panelists are either delusional, or were hand picked to promote optimistic BS.

    • @seanothepop4638
      @seanothepop4638 20 днів тому

      absolutely bought and paid for. THere is no reason to be optimistic and, especially in canada, nebulous about our very real, poor, financial situation and how that causes homelessness, mental health illness, addictions, and crime. These factors WILL soon affect ALL canadians so that includes our crooked political parties (Liberal and PC are the big bads, both right wing in policy, but NDP has also been bought and is pro corporate in it's policies like every party but green, they havent' been bought because they don't need to be.)

  • @ahrick08
    @ahrick08 22 дні тому +2

    Inflation, welcome back to Canada! Good job BOC!

  • @neilroy8840
    @neilroy8840 22 дні тому +41

    JUSTIN TRUDEAU WILL BE REMEMBERED AS THE WORST PRIME MINISTER CANADA HAS EVER HAD..............1,000 REASONS WHY A COUNTRY SHOULD NEVER ELECT A DRAMA TEACHER TO RUN A COUNTRY..............ENOUGH IS ENOUGH..............CANADIANS ARE TIRED AND FED UP WITH DRAMA

    • @mjor6406
      @mjor6406 22 дні тому +2

      Maybe get a job

    • @kurtislabelle8332
      @kurtislabelle8332 22 дні тому +1

      Hey look, someone who doesn’t know what he’s talking about…. Crazy….

    • @jpboulais4373
      @jpboulais4373 22 дні тому

      CHILLL OUUUUUUUTTT EVERY GOVERNMENT WORLDWIDE ARE DEALING WITH SIMILAR ISSUES.................... ONCE IN A LIFETIME PANDEMIC .................... MANYYYYY GEOPOLITICAL ISSUES ................ THIS IS MESSING THINGS UP ............... PIERRE POILIEVRE WOULD NOT HAVE DONE MUCH BETTER AND BTW HE HAS BEEN IN OTTAWA THIS ENTIRE TIME..............

    • @parkerbohnn
      @parkerbohnn 20 днів тому

      Trudeau will go down in history as the Prime Minister that tried to fix everything all at the same time which ended up making everything exponentially worse. He never learned for every winner there's a loser he just tries to make everyone a winner.

  • @24theMoney
    @24theMoney 22 дні тому +2

    Dude has stoked the flames before the embers appeared. LOL. Good luck.

  • @Butterfly-rd4je
    @Butterfly-rd4je 21 день тому +1

    Level of most canadians are developing high blood pressure or having strokes because u dont see the tunnel 😮😮😮
    Its sad how much can u offered. The moment of people asking for money in the streets ...food bank shortage.....amount of homeless but yet new people are getting money for rent.😮😮😮
    Now 40 year old people r being layoff not being hire instead now they got to get their saving out or be debt n go back to school. Its disappointing how canadian are now being affected n it was nothing like this in before covid. Investors money u bearly see any growth. The economy has been hard. Young canadians are finding it hard to find Walmart or groceries store to work cause adults have taken over.....its hard definitely on everyone 😮
    The amount of people living in patks or in the middle of streets. The amount of crime n thefts n who is really solving any of these issues. The landlord n tenants need hire more people 2 years waiting is unacceptable. CRA call centers need hire more u got to in 4 hoyr call just to ask a quwsrion n they not even polite really nothing like this where are the good organized leaders of this country😮

  • @JSRTales
    @JSRTales 22 дні тому +3

    good blame it on global inflation, then y people able to afford housing in lot of places in neighbouring cntries 😮😮😮

  • @miloradrabasovik7938
    @miloradrabasovik7938 22 дні тому +1

    Now let’s see from September 40 years mortgages again 😮

  • @WizardofOz854
    @WizardofOz854 23 дні тому +1

    Toronto real estate prices won't change much until the end of 2024. Though I expect through 2025 there will be a gradual increase however it is not going to see its March 2022 peak. Toronto inventory on House Sigma is all-time high and 0.25% decrease and a total 0.75% until the end of 2024 won't have too much impact on affordability. The agents will try to promote this rate decrease to you as a golden opportunity and they will tell you to buy before it's too late. Yes, it's an opportunity but don't buy the FOMO they try to sell. Until December 2024, I expect prices to stay flat with a lot of inventory to choose from which then translates to good quality property. Good luck everyone!

  • @ztracks7600
    @ztracks7600 22 дні тому

    We haven't seen anything yet. This is the calm in the eye of the storm.

  • @salmanel-farsi3744
    @salmanel-farsi3744 21 день тому

    Resiliency? Really? Wait until mortgage renewals come up this year and next year and then ask if Canadians can cope. I think BoC realized this and that is perhaps why they cut rates.

  • @smokestacklightning
    @smokestacklightning 22 дні тому +2

    Generally this though- Inflation hurts wage earners; they never catch up on average, helps equity ‘intrepid’ heavy Citizens. Even more so after a housing bubble removes the low rate benefits for mortgages and creates huge inter generational, equity owning class wealth transfer. Housing bubble prices destroy the leverage via low rates unless prices can “balloon” for ever; and here comes European housing/ unending mortgages. I’m Great; grand kids, nieces, nephews not so good.
    Like how he snuck in 3% as the new 2% goal. Media- It’s all a grift baby.

  • @derek8564
    @derek8564 22 дні тому +5

    Sunny ways....sunny ways..... 🤣

  • @Tomyum19
    @Tomyum19 22 дні тому +2

    What a bunch of BS. Vietnam, Iraq 1&2, Afghanistan… none of these affected inflation.. all of a sudden conflict causes inflation.

    • @vovin8132
      @vovin8132 22 дні тому

      They want the economy to crash to scare people into believing that it is Russia's fault in order to drum up war support, and every single day more news comes out that this war is happening sooner than later.

    • @mth469
      @mth469 22 дні тому

      the guy is looking to divert attention
      from his own bad policy
      which caused massive inflation.
      money printing is the real cause of inflation.
      i.e. bailing out bankers gambling in all kinds of markets with leverage with that money.
      also inflation is 10% at least, not 2%.

    • @joeharvie8362
      @joeharvie8362 21 день тому

      Printing money creates inflation. Buy bitcoin.

  • @DJRS2178
    @DJRS2178 23 дні тому +11

    We are in a recession. Job loss coming. Real estate crash confirmed. .25% does nothing

    • @XMG3
      @XMG3 23 дні тому

      we lost our economy when trudeau took office. Business are leaving canada like an exodus now, spending only comes from new migrants who has to buy a car, supplies for living etc.

    • @argeldelacruz9545
      @argeldelacruz9545 22 дні тому

      All good I have 2 jobs now. So does everyone else with a mortgage prolly.

    • @nitinprasad3842
      @nitinprasad3842 22 дні тому

      What do you want make it 0 % so that everyone is priced out

  • @user-qq4zg4gg3w
    @user-qq4zg4gg3w 22 дні тому

    Tinkering with interest rates won't solve the problem:
    Far too many people chasing far too few homes.

  • @bubbawasan4817
    @bubbawasan4817 22 дні тому +1

    so, we don't care about inflation is finally true. first we did immigration more than before in inflationary environment and we are lowering rates in inflationary environment

  • @MangoFlamingo
    @MangoFlamingo 22 дні тому +1

    900K studio as now the reality lol use condollo to dodge it

  • @incubated
    @incubated 22 дні тому

    had to get this out ASAP forgot to spell check that stroke, huh

  • @Joedisney
    @Joedisney 22 дні тому

    What do you think is going to happen to housing prices. As rates go down housing prices will go up The young person who wants to buy a home and thinks lower interest rates are going to help them it's just fooling themselves. Lower interest rates are only going to help the people on the top.
    When housing prices go up even people will own homes are going to have to pay more in taxes.
    The answer to housing prices is keep interest rates high and build more homes. Once you have it oversupply of homes you can lower interest rates but not until then

  • @dracorpgroup
    @dracorpgroup 22 дні тому +1

    >Please, let's stop all the illusions about inflation. We have been suffering not from inflation but from the devaluation of our currency. Since 1971 our governments have been spending in deficits and pushing these into debt. This has devalued our currency. So, it takes more of these devalued dollars to buy something, anything. That is why we see prices where they are.
    >A dollar today is worth about three cents compared to 1971, and with no end in sight. Worse, salaries since then have not kept pace with all this devaluation. Whereas a little bungalow in 1971 could be bought for $10,000 that same house today would cost $300,000.
    And there is no plan on the horizon to correct this except more debt and, with that, more devaluation.
    We are one of the richest countries in history and we have people living in tents in our streets!!!
    Terrible.
    Comments welcome.

    • @mth469
      @mth469 22 дні тому

      long live the Gold standard.
      criminal central bankers and their fiat currency scams need to go.
      they are cheating the working class out of the fruits of their labor and turning it into the working poor.

  • @TheRoyL
    @TheRoyL 22 дні тому

    It did well while banks allowed people to pay interest only on their marriages and extend amortization.

  • @Thetruthw
    @Thetruthw 21 день тому

    Crooks will say anything it's enough with Taxs and rate hikes

  • @parkerbohnn
    @parkerbohnn 20 днів тому

    Double digit inflation and a 50 cent dollar here we come. Just when you don't think things can get any worse they will. All the retirees will retire in Mexico instead of Canada to earn 11 percent interest on their money that appreciates not depreciates against the U.S. dollar.

  • @wallstreetboy6948
    @wallstreetboy6948 20 днів тому

    This will only put inflation up again imo

  • @romeoandjuliet6522
    @romeoandjuliet6522 20 днів тому

    Give your house to bank simple solution

  • @romeoandjuliet6522
    @romeoandjuliet6522 20 днів тому +1

    Why people buy house my question have you ever ask yourself this question. While children don't stay with their parents property tax mantinance heating bills cutting grass snow removal even if you paid of morgage still houses are so expensive to afford and end of the Day if you wana live Alone Then Rent a Bachelor Apartment why you take that much Headache . You don't even need car . take uber or Rent a car once a while .nobody will call you a poor because nobody know you or care about you any more

    • @notastone4832
      @notastone4832 12 днів тому

      you must not need to commute to work.

  • @faisal-ca
    @faisal-ca 22 дні тому

    Don't cherry-pick data, and inflation would still be high.

  • @notyourbestie
    @notyourbestie 22 дні тому

    Lower interest yet, we dont have money to buy house still. Lower rents!!

  • @martincuda7947
    @martincuda7947 23 дні тому +3

    Its time to demand higher wages to offset more higher costs of rent/ housing and for consumables we import. Great Job BoC.

    • @dogoftheg
      @dogoftheg 23 дні тому +5

      Why not demand lower costs? Higher wages stoke inflation.

    • @coreyvanular6195
      @coreyvanular6195 23 дні тому +3

      You realize higher wages will cause inflation to get worse right?

    • @alaalrashaeideh1154
      @alaalrashaeideh1154 22 дні тому +2

      Yes higher wages for workers !!!

    • @JSRTales
      @JSRTales 22 дні тому

      how much is higher?

    • @mth469
      @mth469 22 дні тому

      @@coreyvanular6195
      they certainly don't say that when banksters print higher amounts of money
      to bail themselves and their buddies out of bad leveraged bets.
      and they don't say that when they raise prices higher.
      but somehow asking for a matching rise in wages --- oh that would cause inflation.

  • @bubbawasan4817
    @bubbawasan4817 22 дні тому

    never hold your wealth in cad

  • @a88888888a
    @a88888888a 22 дні тому +1

    These fools are PR folks. They can't predict anything

    • @mth469
      @mth469 22 дні тому

      i realised that a long time ago.

  • @red149
    @red149 23 дні тому +4

    Canada cannot stand a real state crash!

    • @Green__one
      @Green__one 22 дні тому +2

      Canada needs a real estate crash. Unless we get one our country is done for. We have spent years pouring our entire economy into real estate, it isn't healthy. We should have allowed to crash in 08 or even earlier. The longer we go, the worse crash is going to be, better to get it over with then to keep putting it off and making it worse

    • @red149
      @red149 22 дні тому +1

      @@Green__one totally agree , my point is government does its best to postpone the crash because RE has become the only Canadian industry and its crash would bring down the whole house of cards !

  • @NestleSnipes2040
    @NestleSnipes2040 20 днів тому

    Stroke inflation? At least someone is getting stroked.

  • @F_e_l
    @F_e_l 22 дні тому

    we need longer terms than 5 years. Why Canada is so backwards.

    • @mth469
      @mth469 22 дні тому

      who would buy such money losing bonds.
      inflation is at least 10%, not 2%.
      the bond would have to pay 12% minimum for people to buy a 10 year version of it.

  • @Butterfly-rd4je
    @Butterfly-rd4je 21 день тому

    Dalary need to be increase n mote hiring need to be done. This is low n its nothing. Banks are profitting big time n so car insurance n big corporate store. More people r being kick out their apartments because u got greedy landlord. If u rent for 20 years they want u out but they dontbrealize that people salaries r not going up. Its so shocking how many canadians are in debt n their mental stability is differently in crisis n children r now feeling. Its sad how things have changed after covid.😮

  • @fahadkn90
    @fahadkn90 22 дні тому +1

    The only way Canada survives is by crashing the huge bubbles in the economy but then Canada might be the bubble itself.

  • @miloradrabasovik7938
    @miloradrabasovik7938 22 дні тому

    From September will get 40 years mortgages again and affordable housing 😊

  • @TehPwnerer
    @TehPwnerer 22 дні тому

    It's the 70s all over gold dump the dollar

  • @kenknight6201
    @kenknight6201 22 дні тому +1

    Stoke

  • @georgehiotis
    @georgehiotis 22 дні тому +2

    Macklem's decisions make no sense whatsoever.

  • @john_doe_not_found
    @john_doe_not_found 22 дні тому +1

    Canada has to cut interest rates because Canadian private debt stands at 270% of GDP.
    For reference, American private debt is 150% of GDP.
    A lot of that has to do with the size of the average Canadian's mortgage relative to their income, vs their American counter parts.

  • @dougiep2769
    @dougiep2769 23 дні тому

    May . Tiff is truly a muppet. Hiw does this goof get appointed

  • @woodbutcher494
    @woodbutcher494 22 дні тому

    CLOWARD-PIVEN

  • @mth469
    @mth469 22 дні тому +1

    this guy is deflecting attention
    from his own bad decision making
    with caused massive inflation.
    also inflation is 10%, not 2%.

  • @jp6614
    @jp6614 22 дні тому

    More free money! Record profits 📈 always. It's like the stupid leading the blind.

  • @user-kv4kp4co1r
    @user-kv4kp4co1r 22 дні тому

    Real estate is set to go past the moon.

  • @argeldelacruz9545
    @argeldelacruz9545 22 дні тому +4

    Holy fuck has it been 4 years already. Damn.. I’m done cutting stuff I need. More rate cuts soon please. Tired of this depression

  • @palestinelucas
    @palestinelucas 22 дні тому

    This is another political Stunt to save Drowning Trude putting Canadians the last as always

  • @laljit007
    @laljit007 22 дні тому

    Nonsense inflation will come back 😂😂

  • @joeharvie8362
    @joeharvie8362 21 день тому

    Bitcoin has grown 40% year on average for the last 10 years. Simple savings strategy.

  • @ladyjade6446
    @ladyjade6446 21 день тому

    I hope my properties go up a lot in value so I can sell and leave communist Canada.

  • @bdegrds
    @bdegrds 23 дні тому +4

    Trolls who don't understand economics, blamed Trudeau for the high interest rate, are they going to give him credit for it being lowered?

    • @freedomlife3623
      @freedomlife3623 22 дні тому

      Actually Trudeau has nothing to do with either. BoC is independent of Federal government.

    • @dangrather1280
      @dangrather1280 22 дні тому

      I thought Trudeau said the bank of Canada was its own identity. They operate on their own.
      We all know that’s just a lie but just saying.

    • @argeldelacruz9545
      @argeldelacruz9545 22 дні тому

      Yes their decisions help raise or lower interest rates.

    • @bdegrds
      @bdegrds 22 дні тому

      ​@@freedomlife3623I'm aware but trolls aren't

    • @whatinthefuckisgoingon
      @whatinthefuckisgoingon 22 дні тому

      ​@@freedomlife3623 Since 1938 they have been a Crown corporation belonging to the federal government.
      Wtf are you talking about.

  • @MasterofPlay7
    @MasterofPlay7 22 дні тому

    lol bunch of cowards

  • @Dailyrandomshortz
    @Dailyrandomshortz 22 дні тому

    Absolute losers

  • @arctichero1
    @arctichero1 22 дні тому

    uninformed talking heads -- vacuous commentary.

  • @Natelmun
    @Natelmun 22 дні тому +1

    Growth 👏 is 👏 back 👏 on 👏 the 👏 menu
    God bless these nations of North America 🇨🇦 🇺🇸 🇲🇽

  • @seanothepop4638
    @seanothepop4638 20 днів тому

    Everyone in this video is full of bullshit. Please take time to understand this is almost propaganda.

  • @ron.mexico.
    @ron.mexico. 23 дні тому +1

    UA-cam economists are out in full force today. 😂

  • @maxpayne7419
    @maxpayne7419 22 дні тому +1

    This is good news for Canada.

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