I don't think BoC will cut rates before the Fed: stategist

Рет қаралды 11,823

Ай бұрын

Laura Lau, CIO of Brompton Group, joins BNN Bloomberg to discuss her expectations for rate cuts in Canada and the U.S. Lau says the Bank of Canada might not cut rates before the U.S. Fed despite a weaker economy. She adds the Fed's first rate cut could happen in June on July ahead of the U.S. election.
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Пікірлер: 45

@nicolasbenson009 Ай бұрын

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

@SandraDave. Ай бұрын

The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.

@tatianastarcic Ай бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@CraigLloyd-fz6ns Ай бұрын

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

@tatianastarcic Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@Hectorkante Ай бұрын

Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

@lominiski Ай бұрын

Canadian media is weird. The media must have a lot of real estate. They keep talking about rate cuts and nothing happens.

@user-rr5fx6gb8w Ай бұрын

Rates should keep going up until all the real estate "investors" (speculators) are flushed out of the market. Make it clear to them that rates will not ever be returning to 1%, not even during a credit crunch/crisis.

@rishi505 Ай бұрын

Justin T need to resign .

@heykisskid Ай бұрын

The worst president in Canada history

@user-sc1hy5xq8i Ай бұрын

Canada / BOC handpick things from USA comfortably, you either follow fully or not, we don’t have 30 yrs interest rate locking.

@baseline6786 Ай бұрын

Imagine having a job. Making 💯s of thousands and just sitting waiting for the US to make their move first. And along the way printing press remainded on for the govts irresponsible spending. And telling people rates low for long time.

@BigCheese150 Ай бұрын

Well, when we import 57% of our imports from the USA - the relationship between the US dollar and CAD is pretty important. BOC cutting before the FED = CAD dropping = import cost rising = inflation rising. It isn't that difficult.

@georgesilva6816 Ай бұрын

@BigCheese150 it's time canada rely less on the usa

@TerryMcDonald-pz4hy Ай бұрын

5% to 7% interest is not a high rate, the prices are the problem not the interest rates,anybody who says that interest rates are high without any doubt hugely overbid,overpriced the house they are making payments on

@harpalmukesh4291 Ай бұрын

Why do you think that interest rate is only about housing? The bigger issues is that businesses not investing, even banks are low in new businesses. Monthly mortgage is only one part as there are many other dynamics.

@TerryMcDonald-pz4hy Ай бұрын

I don’t think interest rates are only related to housing, prices for automobiles have gone outrageous,workers use company profits as bargaining tools for huge wage increases, companies use wages as reasons to raise prices yet even higher, food prices are forcing people to food banks who have never been in this situation before,inflation makes prices rise,greed makes prices rise, The sooner people realize it’s the prices that have risen wildly and tackle high prices instead of whining constantly about high interest rates the sooner the interest rates will come down. The whole idea of higher interest rates is to lower inflation otherwise prices will continue at 8.1% instead of 3.1% or lower.

@priuss6109 Ай бұрын

Terry is 100% correct

@priuss6109 Ай бұрын

@@harpalmukesh4291 found the overextended, over leveraged amateur real estate investor 😂😂😂

@AA-kq6dp Ай бұрын

I hope not too Lowering our currency will cause everything to increase in price

@Green__one Ай бұрын

Remember that the current all-time high in the market, is still below the previous high if you take account of inflation. Also remember that these so-called high interest rates we are experiencing right now are still low by historic standards.

@vicgill1980 Ай бұрын

I had friends get mortgages below 2%. Imagine if they were able to secure it for 30 years not 5

@JoachimwGermain-co4zw Ай бұрын

It would kill the Canadian dollar so we will wait 😮

@KidGarden100 Ай бұрын

lol what happend to these rate cut videos from a month ago people really need to stop watching the media holy moly you guys are wild

@user-kf2sr8je8o Ай бұрын

Nothing wrong with a 5% BoC interest rate. Encourages savings and discourages spending beyond one’s means.

@srijunair Ай бұрын

If Canada follows US FED then change the system also like FED. Mortgage terms should be for 30 years not 2,5 years. Canadian banks are milking money

@lookanabeauti9386 Ай бұрын

Rates rates rates, what about house prices? Your going to be a slave to the banks forever.

@bdegrds Ай бұрын

Not if you buy within your means and not what you think your entitled to and what looks good on social media. There are plenty of condos very affordable, or houses that need fixing that are affordable. You just can't have a perfect big home in prime area handed to you

@almontoya5703 Ай бұрын

@@bdegrds Tell me what's affordable in Vancouver? How can I raise a family? Why am I being forced to move out of a city that I grew up in? Why is it fair that I have been saving for so long and played it safe to buy a house but the government keeps on printing money, robbing me of my money by devaluing the value while house prices are running away from me.

@user-sz8dh3tf5c Ай бұрын

Imagine the BoC behaving independently. What a concept!!

@MM-xg2td Ай бұрын

They have no choice to cut, impact of interest are felt up to 18 months and unemployment rates are already at 6.1%, mark my words if the BOC does not cut soon we are heading for a huge recession.

@harpalmukesh4291 Ай бұрын

We are already in recession. One of my friend has 500 people last year in team and now only around 150. Some companies did quiet layoffs as their shares will go down with these news. This is happening in many service base companies as their business is bad.

@priuss6109 Ай бұрын

Good. Recession is what we all need.

@georgesilva6816 Ай бұрын

@priuss6109 no we don't, the lower /middle class has suffered enough

@harpalmukesh4291 Ай бұрын

@@priuss6109 only Rich people make money in Recession. So you might be one of the Rich.

@jasmines.6325 Ай бұрын

8000 people and counting are dumpster diving

@almontoya5703 Ай бұрын

How stupid can you be to cut rates when housing is far from affordable? Keep the rates at 5% or higher. We don't want housing to make dumb money. JT must do the right thing and force the current foreigners/permanent residents to sell and park their money in commercial property. Leave the residential properties for canadians to live in. Housing should be affordable. Make a policy that prevents that from happening again.

@dougiep2769 Ай бұрын

Canada is done.. its insulting listening to these people. Nobody on earth will buy canadian bonds. Why would they. . Canada has to use a tual numbers and set interest accordingly. They need ro jail its bankers and government officials