More scope for rate cut in Canada in near term: Macquarie Group

David Doyle, managing director and head of economics, Macquarie Group joins BNN Bloomberg with his insights on the latest U.S. inflation data, and why he changed his views on a potential rate hike after reviewing the April data.
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[@jeffreyl2598]

😂 There will be no rate cuts until 2025

[@lookanabeauti9386]

BOC rate cuts now mean short term gain only. In the long term it makes more.sense to leave the rate as it is and gradually introduce legislation to deal with contributing factors to mitigate ridiculous house prices.

[@user-kv4kp4co1r]

I would listen to the prediction of Jeff Rubin who said no chance of rate cuts, but their is strong possibility of rate hikes.

[@JessT-vg7ib]

I rather see rate increases along with higher inflation and more unemployment.

[@aaronrobinson7046]

Rate increases = inflation decreases

[@JessT-vg7ib]

@@aaronrobinson7046 not in todays world

[@audittheauditors]

Interest rates will not bring prices significantly down in Canada

[@kL-li8qn]

IME, inflation is still significantly rising, food banks line ups skyrocket, job loss'. Interest rates will continue to go up.

[@audittheauditors]

Those are all reasons to cut interest rates in Canada

[@Dam-a-fence]

30% over valued is everything. A loaf of bread is worth $1.00 A jar of peanut butter is worth $4.00 A 6 oz.steak is worth $9.00 A 1 500 square foot home on a tenth acre is worth $145 000.

[@joshdoddadbod]

These people live in a fantasy world. GDP is good but GDP per capita which is the real measure of GDP is down and has been down for some time. Quality of life is decreasing. Also the jobs data is largely good because the majority of the jobs created were government jobs which are not productive for the economy, and out of those jobs a huge portion are only part time. This data is not good. Things will start really falling apart over the next year or so. I think rates will only be going up due to stagflation digging its heels in. Hold on to your butts!

[@bytesizedscreencasts]

I am praying for the Rates to remain high for another 12-18 months.

[@Dam-a-fence]

Rates should rise again. At least five more times. Everything is 30% over valued.

[@APICSKH]

Let’s go, let’s start overbidding houses. Rate cuts are coming. We don’t have anything else to double our money in 2-3 years.

[@Karmaman1982]

Majority of jobs available are part time. This guy doesn’t know much.

[@Dam-a-fence]

This guy is selling things, he knows enough.

[@InterestbearingCBDC]

Looks like there will be more scope for my CBDC in the near term.

[@bat2275]

Tiff needs to cut tomorrow

[@Lpmeff]

ha ha