If the BoC waits too long to cut rates, it may fall behind the curve: C.D. Howe's Jeremy Kronick

Jeremy Kronick, associate vice president and director of the centre on financial and monetary policy at C.D. Howe Institute, joins BNN Bloomberg to discuss the path for rate cuts in Canada, inflation and the fiscal policy.
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[@Icecold0505]

If Canada cuts first. RIP to the dollar. US job rates on their cooked numbers are high and CPI is still high.

[@user-sg7hq2oz3u]

Not raising interest rate makes Canada dollar trash

[@lookanabeauti9386]

House prices are still too high. The government really doesn't know what to do.

[@priuss6109]

Yep the clowns

[@lovechild9258]

We have no choice but to leave Canada. 🙏🏼 Move to El Salvador or Argentina or Chile with better quality of life. This crash is not over until Trudeau says it’s over. Far too many compliant Canadians. He he is destroying this country. On purpose. the criminal syndicate that controls this world has Trudeau in their pocket. He is their puppet. He was “Selected”, these politicians are never “Elected”.

[@ashk4155]

Sounds like we have a debt problem not a housing problem

[@MustyBastard]

actually a stupidity problem seeing everyone wants to live in the same two cities.

[@Lilblaisy23]

@@MustyBastardimmigrants are taking over other city’s. Calgary and Edmonton rents have gone up at an unsustainable rate the past 3 years

[@MustyBastard]

@@Lilblaisy23 I haven't increased my rent to my tenants in 8 years here in Edmonton. Mainly cause there too many options for them. You must be young. Rents being charged today are the same as when I was in university 14 years ago . They went down for a decade and now they are just back to normal

[@priuss6109]

​@@MustyBastard Edmonton is still affordable. Calgary is nuts

[@lovechild9258]

Over printing money! Giving billions to other countries….like the corrupted Ukraine. Gimme a break. It’s all BS. All lies. We fall for the scams. Money laundering at its finest.

[@sherylsauder5579]

Yes, "strip out shelter costs" because that's realistic. These guys just reinvent how to calculate inflation until they get a number to match their narrative. You might want to check out exploding commodity prices....you know that's going to juice inflation shortly. Might also check the bond market.....yields are rising for a reason.

[@Casey-qm1nd]

I agree. It's even worse when you see middle class peasants buy into the narratives and parrot the talking points of the banks

[@debbiesmith1687]

6.1% unemployment is way too high and unacceptable. this bank of canada thinks this is a good thing.

[@Phlegethon]

CAD is gonna be worthless if it cuts first

[@user-vi8ci2bi6b]

The stock market is finally realizing that interest rate cuts will be minimal in the US. Down down it goes as they scramble for the exit. Overvalued big time. Lots of guys like this guest will lose their jobs.

[@stephenr6194]

Beside cut rate is there anything more important to talk about?

[@fzy55]

what does it mean " fall behind the curve" Thanks!

[@ferzadhazeri2377]

Trudeau should be in jail.

[@babba9960]

Same thing should have been promoted when fed was too late in raising rates ..

[@rustinlam8016]

Talk to your bank if you are having trouble paying mortgage

[@catherinedesilets8960]

Tried that. Just asked if they could extend the amortization & they immediately transferred me to collections They won’t help without ruining your credit

[@debbiesmith1687]

Many foreclosures , people are choosing to walk away until policy returns to normal

[@catherinedesilets8960]

They need to cut plus give Canadians longer term mortgages like what seems to be working in the USA

[@vikaskhatter5629]

The Govt. has waited too long to make policy for building housing , that's why CANADA is falling behind the curve in G7....Work on "Doing business easy parameters, economic zones ...reduce red tape

[@kennordsfan1494]

Ha Ha really? Too many immigrants housing was fine until Trudeau brought in these usless economic migrants