Bank of Canada to 'stay cautious' after rate cut
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- Опубліковано 29 вер 2024
- Beata Caranci, chief economist at TD Bank Group, talks with Financial Post's Larysa Harapyn about the Bank of Canada's 25-basis-point interest rate cut, and what to look for from the central bank during the remainder of 2024
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>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.
BIG MISTAKE! Loonie devaluing correspondingly...
Way to soon. The last increase in the carbon tax won't have worked through the economy for another 3 months. But I guess bankers have to make their bonuses.
Rate cut is a terrible move, real estate set to go past the moon..
Where I live in Ontario everything all year long has been selling about ask and in bully bids. Now everything will rise by double digits this year. The city is 97 percent Asian by population.
Predictions are for losers.
BoC full of incompetence
Tiff and his group do not know numbers.
I'm not sure why Tiff went to school for finance.
Or how he got his job?
You can feel inflation is still around.
You can see it in the prices at the grocery store.
You can see it in the prices when purchasing cars, homes, etc.
It is still there.
Why risk it and cut?
The US has their rate at 5.5%
Why are we cutting?
To help business investment. Ha. What business? Real estate?
Investors buy more homes up.
We need to devalue the currency to increase exports as well as increase immigration.
larysa, get better sound, your show is excellent, it would be worth investing in (a few hundred dollars)
What a BS about inflation are coming down shop around daily needs or repairs for automobile than you know is a cherry pick!
In the same time-frame this year the Canadian dollar fell hard and the carbon tax was brought in. I simply can't believe that they think the people in Canada can be this naïve.
So now they say there worried about shelter. Where has the BOC been this whole time
Inflation Wins! More Stagflation!
Inflation is coming down? What do u think cutting interest is?
it came down in Volcker era but the second wave spiked much higher than the first wave. Keeping in mind the inflation figures back then were the legit or true figures unlike today when the true inflation rate is about double the stated rate told to the public due to mass distortions in the redefining of the infaltion rate over time.
Why don't you present the actual announcement by the Bank of Canada? Are you telling us something "different"?
Dirty little scoundrels down at the BoC. I want my interest-bearing central bank digital currency.