Bank of Canada delivers back-to-back interest rate cuts. Could there be more?

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Күн бұрын

Canada’s central bank has delivered back-to-back interest rate cuts, bringing its benchmark policy rate to 4.5 per cent on Wednesday.
Bank of Canada governor Tiff Macklem said Wednesday that he expects inflation will continue to slow going forward, even as the central bank forecasts economic growth picking up in the second half of the year.
As Anne Gaviola reports, there are many signs that suggest there is more financial relief from the Bank of Canada on the horizon.
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Пікірлер: 20

@palestinelucas Ай бұрын

This is a total political move, nothing to with canadians inflation. Everything is still expensive, from food to shelter

@Maattttheww Ай бұрын

The goal is to prevent things from getting more expensive, not to make them less expensive expensive (deflation would be even worse than rapid inflation)

@rafial81 Ай бұрын

@@Maattttheww2.7 means it's still going up by 2.7% and that is according to the fake data

@user-lb8bg6kj9m Ай бұрын

@@Maattttheww Deflation is what should be happening in an economy as productivity increases make things less expensive. That you have been brain washed into thinking some guy stealing those gains from workers is a good thing is testament to the false economics being preached by the very crooks profiting from the theft through counterfeiting. For money printing is counterfeiting and if, as you say it is a good thing, then we should all be doing it.

@MrSoulcross1 Ай бұрын

Variable rates mean sheet when they start them high anyways. It’s all just a scam the way I see it.

@MB-pd2mm Ай бұрын

With 40% of Canadian mortgages up for renewal in the next 2 years and facing “ higher for longer” interest rates and the economy going into reverse the Bank of Canada is starting to drop interest rates. But lower interest rates make leverage more attractive which increases demand which increases inflation. I see a no win solution here, we need a major correction to restore affordability and reignite competitiveness. Pumping more money into the economy will only forestall the inevitable and make the resultant crash much worse.

@shawnb8658 Ай бұрын

Great news. This should drive up home prices!

@rafial81 Ай бұрын

What price went down? 😂

@morganhall165 Ай бұрын

We need to create incentive to build new homes not buy homes already owned we have a growing population its the growing demand for housing thats driving up the cost also got to put a cap on how many houses u can own cause people be buying just to profit