This would be a blow to the young people in Canada , they are already chasing inflation and are loosing the race !
@gamerstv2444Ай бұрын
Canada is already in a big financial crisis. BOC will be forced to cut deeper if the unemployment climb again.
@alberte97Ай бұрын
zero chance
@bernadofelixАй бұрын
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
@EddyAgnes-vy4kpАй бұрын
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
@KarenLaviaАй бұрын
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
@DorathyJoy28 күн бұрын
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@KarenLavia28 күн бұрын
Certainly, 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.
@Hectorkante28 күн бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@andrews6617Ай бұрын
Is it true that Canada just revised the CPI calculation to have more weight on mortgage interest? If so .. interest rate cuts will more quickly reduce CPI reads. Just a little shady :)
@trails3597Ай бұрын
A classic case of mis/disinformation. The change was done January 2003.
@trails3597Ай бұрын
It was revised in January 2003!
@Alanom2007Ай бұрын
Macklem sucks. I still remember him saying in 2020 when HSBC was offering mortgage at 0.99% that rates will stay low for a long time. Gues what they did not. Macklem is as as trustworthy as this government
@trails3597Ай бұрын
Inflation kicked in 2021. Guess what everybody's crystal ball cracked after that but you were wise to not get one.
@barendsmit9717Ай бұрын
Probably underestimated all the government spending
@trails3597Ай бұрын
Inflation kicked up in 2021.
@user-vi8ci2bi6bАй бұрын
Trudeau's spending without growing the economy and creating false temporary GDP with mass immigration is the root of the problem.
@evilapple3427Ай бұрын
Trying to predict BoC rate cut is like rolling a dice. BoC was clear with their words, if job market isn't tanking they have no need to cut rate, according to their own standards they shouldn't even have cut rate earlier, but they cut rate anyways.
@YnalawАй бұрын
Invest in gold miners, or gold. Easy credit and an inflationary Federal Cabinet/ B.o.C. are going to run the printing presses again.
@SeanGPattersonАй бұрын
I ran the numbers on a jug of milk.. 5.59 - 2.9% inflation is 16 cents, 2.7% is 15 cents and 2% is an annual increase of 11 cents… a couple years ago inflation was ripping high, and it didn’t matter, now all we hear is this BS over a couple cents.
@pavichokcheАй бұрын
Inflation data for June was announced to be 2.7%, so they're almost GUARANTEED to drop again July 24th
@LpmeffАй бұрын
higther rates will fix the problem
@Relaxlifeisshort2Ай бұрын
Correct they will be cutting no matter what. needs to be ahead of the US
@steveshideler1333Ай бұрын
Why do they need to front run the Fed with rate cuts?
@JessT-vg7ibАй бұрын
They won't cut rates...they don't have the balls.
@zmumtazАй бұрын
And yeah the jokers change the narrative every day. Hahahahahahahahhaha