We're already 2nd lowest productivity in the G7. We can't afford to tank the economy.

@@epictetus3406 As someone who owns many properties, mortgage free. If you are the majority of Canadians that have a mortgage. You DO NOT want lower rates. Lower rates to me right now will only increase buyers in the market and increase bidding wars, driving prices higher. Which in turn only benefits property investors like me. I would expect this rate cut to increase properties 10-20%. I have a place for sale right now in Brighton, ON. It's got 5 bids on it and will probably sell for over 120k over asking. In short. We have not seen enough real estate deflation to support a rate cut. But hey. Put more money in my account, BoC. If interest rates stayed up and lowered home prices correctly, I would have retired years ago. This is a huge failure on the liberal government to lower rates right now. It should have at least held steady until after the USA election, as the USA historically never cuts rates during an election year.

Lol what?

Exactly. We are already at 1.37 usd/cad. We don't need this right now. Historically, the USA does NOT cut rates at ALL in an election year. If we cut again this year, the road to 2.00 usd/cad will be cleared up. This will completely devastate the economy as many businesses rely on product from the USA.

That’s right. 1/4 of 1%

Got THAT right!

already priced in

Reduce our resources, reduce our dollar, it’s the liberal way!

*RIP Canadian Peso* hahaha..

I prefer the Dad, he is way smarter.

true that

@@Tobi_Jonesme too. I guess it depends on how you invest.

Hopefully. I own the Purpose Ethereum ETF.

You're on it! Odds now officially at 100%. 😁

Thank you! Hope you're well.

Thanks so much... hope all is good.

Yikes.....!

Tiffs job is to protect the dollar and for all Canadians not just people with debt.

I'm buying 3.😂

USA is holding because for whatever reason their unemployment rate is super low and economy is growing. It's opposite in Canada, inflation is caused more by carbon tax than the interest rates

You sure that's a good idea with almost 5 million mortgages(1 million Negams still increasing loan balances) renewing here thru Q4/2026.... ALL doing so at far higher rates than when initiated ? The "hit" to our 65+% consumer spending reliant GDP will be significant as income is reallocated to higher DEBT servicing, and there is NO WAY that rates can be re-lowered tp zero again given Canada's already stagnant 10+ years GDP (barely ~$2 Trillion) that was being maintained by no more than unprecedented DEBT instrument expansion(now ~$3+ Trillion) that maintained GDP, albeit, also injected substantial low rate fueled FALSE demand into fomo/speculative driven elevated Price discovery...... prices that are now unsustainable Versus "GDI" or "Gross Domestic Income" derivable from bound to contract GDP under Monetary Policy rates maintained positive above the zero bound 2% Inflation target against further "debasement" based DEBT expansion NOT supported in Canada's future GDP Capacity. Simply put.... you do as you see fit.... but make no mistake here.... this is a Real Estate correction unfolding, and it will be severe into recession, demand destruction andf a very painful deleveraging cycle to lower Real Estate valuations ~decade ?

I hope so 🙏