CPI Inflation Drops! Will the Bank of Canada Slash Rates in July or Wait? | Finance Fridays

This week, we dive into the latest update on the Consumer Price Index (CPI), with inflation dropping to 2.7% in June, down from 2.9% in May. What does this mean for the Bank of Canada? Will they cut rates in July as economic conditions continue to worsen? Canadians are feeling the pressure from higher mortgage and interest costs, and the Bank of Canada might need to take more action to stabilize the economy.
We also explore other factors putting pressure on the Bank of Canada, including the latest developments in the US economy and the Federal Reserve. How will talks of a rate cut in the USA impact Canadian bonds and fixed-rate mortgages? We'll unpack all this and more on this week's episode.
In this video, we'll discuss how to analyze the Canadian economy and independently assess whether the Bank of Canada will cut rates, considering both domestic and international factors. We'll explain how the Bank evaluates the broader economy, looking at labor markets, business and consumer outlook surveys, and other economic conditions.
Additionally, we'll delve into recent inflation trends, highlighting the peaks and valleys as it approaches the 2% target. Understanding these dynamics will help you better comprehend the Bank of Canada's potential actions in their upcoming July meeting.
Don't forget to subscribe, like, and share the video. Thank you for stopping by!
#FinanceFridays #CPI #Inflation #BankOfCanada #InterestRates #Economy #CanadianEconomy #FederalReserve #USEconomy #MortgageRates #FinanceNews
-----------------------
Links
ca.finance.yah...
m.economictime...
www.nbcnews.co...
financialpost....
www.bnnbloombe...
betterdwelling...
www.bankofcana...
financialpost....
globalnews.ca/...
thoughtleaders...
www.fxstreet.c...
www.bankofcana...
www.bankofcana...
___________________________________________________________
Download My FREE Mortgage Appcma.me/anthony...
Our Mission Statement @intouchmortgagesAt InTouch Mortgage Solutions, our mission is to help our clients secure the financing they need to fuel their growth and achieve their goals. By understanding what’s important to them, their current situation and challenges, and their long-term goals, we provide sound lending advice and strategies to get them there.
🤝 Join the Conversation:We’re eager to hear your thoughts and insights on this crucial matter. Please share your opinions in the comments section below and engage in a meaningful dialogue with our community.
📢 Don't Miss Out!Subscribe to @ntouchmortgages for more engaging discussions on topics that matter. Hit the notification bell to stay updated whenever we release a new video. Your support drives us to continue delivering valuable content.
🌐 www.intouchmortgagesolutions.com
Follow us on social media for updates, behind-the-scenes content, and more:
Instagram: @a_venuto
Twitter: @a_venuto
Thank you for being a part of our community dedicated to fostering awareness and driving positive change. Together, we can work towards a better housing situation for all Canadians.
DISCLAIMER:Please be aware that the information presented on this channel is purely for entertainment purposes and should not be regarded as financial advice. We strongly recommend consulting a mortgage professional for personalized guidance regarding your circumstances.
#FinanceFridays #MortgageApp #InTouchMortgages #FinancialGrowth #LendingAdvice #MortgageSolutions #CanadianHousing #HousingMarket #FinancialGoals #CommunityEngagement #SubscribeNow #StayUpdated

[@renatovenuto296]

Great work Anthony 🙌

[@stephenr6194]

So in June inflation down the BOC should cut rate what if in July and August inflation goes up again should BOC raise the rate?

[@renatovenuto296]

👍

[@CristianEnacheRealtor]

Cut baby, cut! You need to be out of your mind to do not cut to 4% this year.