This is a clear sign of panic. The aggressive rate cuts spell about 18 months of recession and likely depression like conditions. This is a terrible sign for our economy
It's genius! Crash the Canadian dollar to offset the "unavoidable" 25% tariffs! Thank God we have such well educated and intelligent people in government and banking! Where would we be as a country without them?
@@pacman3556 Canada's exports of goods and services were $965.1 billion, while its imports were $978.2 billion in 2023. Canada imports more than it exports.
@pacman3556 so what? I guess it's good for exporters, but we're also a huge importer of little things, like Food when we can't grow things here. What's that gonna do to the Canadian consumer? Our buying power will be hurt. But I guess it's all worth it for our oligopolistic overlords who keep out foreign competition like their lives depend on it 🙄
@@shenitasalade8623 a lot of the food we don't grow doesn't come from the US so our dollar compared to the US dollar becomes irrelevant. If we do import more from the US then our dollar through supply and demand will find its even point. Always has and always will.
@@pacman3556 and you sound like Turdo loving simp. I guess you were reeeing at Trump's posts too huh? If we don't like Trudeau it's cause he traded our prosperous and peaceful society for one riddled with pronouns, land acknowledgements and "asylum seekers." Diversity was never our strength, wealth was. And now that it's gone, I think you will see a new Canada emerge...and I don't think a TDSer like you will like it...
Monthly house rents and groceries cost, unemployment increasing day by day 😢 are the 3 most critical factors of no spending, people need money in their pockets and the 95% Canadian middle class is broke unfortunately...
Hey I'm just happy to be taxed 40% "for the greater good". I'm so asleep and stupid that my government can keep taking my money. I'm a peasant used to being milked. Isn't that what they really want the comments to be?
We live in a lost decade. Real GDP per capita has not increased since 2014. The average US worker produces 50% more output per hour. This is what happens when you depress productive industries and grow the population with millions of unskilled workers. We are long overdue for a leadership change.
This is what happens when the economy is run for the benefit of the Liberal Party of Canada. "Jack the rates up to 'fight' the inflation we caused with our pandemic paranoia and reward the Big5 for their Freedom Convoy persecution", "Quick drop the rates before too many Canadians have to renew at the higher rates and see the real inflationary damage we have done" .
What a bunch of idiots.. lost everything and now this.. just for 6 months they kept it put and made a lot of people loose their properties because of Interest rates
Too much taxes that working harder does not really mean more money in your pockets. Small companies are scrutinized heavily on taxes yet big corporations and foreign companies are getting tax rates like crazy. The ideology of the government needs taxes because they know better how to spend it for the greater good is flawed. Especially if Canada keeps on spending money for non tax payers like funding foreign wars, illegal immigrants, asylum-terrorisr hubs etc.
Whatever the result of a cut or an increase in the rate you can count on one thing. The banks' profits will benefit. That's all there is, there is no more. Any positive or negative effects for individuals and (small/er) businesses are just coincidental and inconsequential for the Banks.
Get ready for a 62 cent exchange rate. This is what poverty and failure looks like. Canada is well on its way to becoming the Argentina of the North. And you voted for this!
*House prices are still $1,000,000 Million++.* BOC rate cuts don't really affect Fixed rate mortgages; those are priced according to the Bond Yields, which have gone up slightly due to Trumps win.
Woe there, the Bank's rate influences the other rates, since generally they are a combination of the expected rates over a longer duration, plus a risk premium for that longer rate. So, yes they do, but only to the extent that rates are different than expected, including future rates.
@@arethereanyuniquehandles Fixed rates aren't immediately affected by BOC rates - they are by bond yields. Variables are more affected and immediately more can go towards principal now.
@@rupertperiwinkle4477 Agreed variable rates are directly impacted by a change in the overnight rate. Fixed rates may move, but that really depends on how both the rate change and future expected rate changes are align with previous expected. If it is a major surprise, the long term bond rates could move enough to have the fixed mortgage rates change as well. As I said, the bond yields are basically a combination of expected overnight rates out to the term of the bond, plus a risk premium (and a liquidity premium).
Panic at the Disco. BOC so worried about the real estate market. Sales way down, and so many are still going to default on upcoming mortgage renewals. Inflation will re-ignite in Q4 with holiday spending/demand.
Hurray! Home price will see new highs next year, that means we can borrow more from HELOC and pay less on credit cards. We are going to feel a lot richer 🎆 🎇 🧨
lol, high spring housing market. Sooooo with such high unemployment rate and us importing over 80% of our food and our dollar is worthless right now. Exactly where are the buyers coming from and where do they get the money to boast the housing market?
They bring money in from overseas. Immigrants do this. The only real people buying homes right now are people who already had homes and are either up or downsizing. They already had the equity built up over the last 20 years.
The US will pay the tariffs not Canada and if Canada has a lower dollar it will mean that US will be able to buy more from us or at least offset their higher costs due to tariffs.
@@buzzgamer6543 I have a degree in economics from the best rated university in Canada. But please enlighten us and tell us how US importers will make Canada pay their tariffs
Housing market is all that matters to them in the end, will do anything to bring back the craziness during the pandemic... And have to protect their own investments
Please the following message thrice : Back in October 2019 as an Independent Fitness Captain, Geopolitical Analyst & Theorist, Artist, Activist, World Peace Advocate and Student Scholar of history, wars, civilizations and finance HAD concluded that we ( Humanity ) are again on a path towards an '' International Conflagration'' and so created, made and designed a new workout training program designed to go hand in hand with a WW3 Scenario. You Read That Right ! Have Proof Of Work ! You can see hundreds ( hundreds ) of my workout videos knows as the General War Integrated Total Body Training System officially and street known as the Dragon Army Workout. Since the COVID19 heath & financial crisis resembles my scenario and furthermore the Ukraine-Russia Crisis adds to the gravity have begun advocating for the implementation of my Trinity of Theories known as the CIT, DRT & DFT via the fourth Dimension LOVE in order to create the two complementary, cooperative and covenant institutions known as the '' International Citizen Integrated Social Security & Service Force aka The Dragon Army with the International Integrated Dance League aka The Dancing Goddess Army ! Got Trillions of kisses, billions of hugs, millions of marching steps and some brain and muscle with that! Now on COVID this is my trinity of beliefs about it : 1) Do not know for sure the cause/origins of the virus 2) Believe it was transmitted from snakes to human beings albeit with a doubt 3) Since cannot Do not know for sure cannot Rule Out another Possibility such as an accident in a lab, an experiment gone wrong, a bioweapon, etc. A Fourth Dimension to that Trinity is What Do Know 100% without a Doubt is that before Covid in October 2019 Created, Designed and Made my Workout Program to go hand in hand with a WW3 scenario witch resembles current Geopolitical events. HAD the Solution ! The Dragon Army ! Pledge Ur Allegianze LegionZ ! Eye Love You! Join, ally, support and volunteer for Adrian Hannah Dragon's Dancing Goddess & Dragon Kingdom ! Eye Love You ! .Tell the Leaders of The Free World Dragon Zero's message : Drop Down and Give Dragon Zero 13 pushups with Love and for the Sake of World Peace.
Please please please TD and all let us Let us together thank the farmers, butchers, bakers, truckers, cooks, sanitation workers, store clercks, warehouse workers and all other workers involved in the production & distribution of Food throughout the Collective North American Civilization. Am grateful for the farmers, butchers, cooks and others such as truckers & train conductors Faut lire cela attentivement et meme trois fois : En Octobre 2019 en tant qu'athlete philosophe et analyste en geopolitique independent j'ai fait une analyse de la situation geopolitique et j'ai conclue que l'humanite se dirige encore vers une ''Conflagration Internationale'' soit une 3ieme Guerre Mondiale......En consequence j'ai cree un systeme d'entrainement physique qui ne requiert aucun equipement et qui a ete cree pour aller avec une telle situation d'urgence. .......Trois mois apres la Covid ma et nous a frappe fort.... Mon entrainement du Dragon accroit la condition physique de maniere generale.....Le 29 Septembre 2022 j'ai fait ma 300ieme session de ce meme entrainement donc vous pouve voir les videos sur TH-cam.... Officielement j'ai change mon surnom de Dragan en Dragon.... Voice ma sainte Trinite sur la Covid: 1) Je suis pas sur des origine du Covid ..... 2) Je crois que ca ete transmis des serpents au etres humains mais avec un doute......3) Vue que j'ai un doute je peut pas nier une autre possibilite de transmission de la Covid comme un accident dans un laboratoire, une arme biologique, une fuite de laboratoire, etc....... La Quatrieme Dimension Donc je suis 100% convaincu et dont j'ai la preuve est que en Octobre 2019 j'ai cree ce scenario et systeme d'entrainement physique qui resemble l'evenement du Covid ainsi que la situation actuelle en geopolitique en Europe avec la crise de l'Ukraine ainsi que la Chine avec le Taiwan.....Vue de cette situation J'ai commence a faire appel a un Partenariat Publik Prive pour la creation de l'armee du Dragon pour etre de defense, securite, service et reponse en situation d'Urgence
Canadians can’t survive high interest rate environment. If in everything you compare with USA then why don’t have 15-30 years mortgage here in Canada as well.
![เปิดบ้าน โคตรสวย ป๋องกพล รู้จักตั้งนาน เพิ่งรู้ว่ารวย!!! l [Nickynachat]](http://i.ytimg.com/vi/tmgCF_2HfYI/mqdefault.jpg)
This is a clear sign of panic. The aggressive rate cuts spell about 18 months of recession and likely depression like conditions. This is a terrible sign for our economy
It's genius! Crash the Canadian dollar to offset the "unavoidable" 25% tariffs! Thank God we have such well educated and intelligent people in government and banking! Where would we be as a country without them?
you mean dumbdumbdummie JT?
There are too many people in the country committing crimes instead of working. These crime sprees are costing the taxpayers way too much money!
Lol our Dollar is the sacrificial lamb. Sad, were going to end up with the Canadian peso by the end of the Trudopian era
so what? Canada is a huge export country and lower dollar means the country doing the import will be able to buy more product from us.
@@pacman3556 Canada's exports of goods and services were $965.1 billion, while its imports were $978.2 billion in 2023. Canada imports more than it exports.
@pacman3556 so what? I guess it's good for exporters, but we're also a huge importer of little things, like Food when we can't grow things here. What's that gonna do to the Canadian consumer? Our buying power will be hurt. But I guess it's all worth it for our oligopolistic overlords who keep out foreign competition like their lives depend on it 🙄
@@thyjackal4156 then through simple supply and demand the dollar will find its even point. Always has and always will.
@@shenitasalade8623 a lot of the food we don't grow doesn't come from the US so our dollar compared to the US dollar becomes irrelevant. If we do import more from the US then our dollar through supply and demand will find its even point. Always has and always will.
Canadian Peso here we come.
$40B+ debt with interest here we come.
you sound like a little drama queen.
Actual...."Canadian Ruble" is more appropriate with a Liberal Socio-Communist type of government.
No, USD. Don't forget we have been invited to be the "Great State of Canada".
@@pacman3556 and you sound like Turdo loving simp. I guess you were reeeing at Trump's posts too huh? If we don't like Trudeau it's cause he traded our prosperous and peaceful society for one riddled with pronouns, land acknowledgements and "asylum seekers." Diversity was never our strength, wealth was. And now that it's gone, I think you will see a new Canada emerge...and I don't think a TDSer like you will like it...
Monthly house rents and groceries cost, unemployment increasing day by day 😢 are the 3 most critical factors of no spending, people need money in their pockets and the 95% Canadian middle class is broke unfortunately...
Lower Canadian dollar, Hyperinflation coming next. Yahoo 🥳
Hey I'm just happy to be taxed 40% "for the greater good". I'm so asleep and stupid that my government can keep taking my money. I'm a peasant used to being milked.
Isn't that what they really want the comments to be?
We are so in trouble. I fear a depression on the horizon
But its only a Vibecession!! 😂😂😂😂
Ain't feeling the vibe. Feeling only the debt with interest.
We live in a lost decade. Real GDP per capita has not increased since 2014. The average US worker produces 50% more output per hour. This is what happens when you depress productive industries and grow the population with millions of unskilled workers.
We are long overdue for a leadership change.
Expect a 55 cents dollar.
Gvt red tape is the main reason for economic low productivity in Canada
That's what I call strong economy! "Vibe"conomy! Financial minister with literature background. Soon CAD will be 50 US cents
so what? Canada is a huge export country and lower dollar means the country doing the import will be able to buy more product from us.
Word is powerful. Just say "NO" to recession and it'll be done - Chrystia Freeland.
Except for the fact that we import a lot of food also gasoline
@@StephenRoss-po1rp then the dollar will find its equilibrium. Simple supply and demand. Always has been and always will.
Pretty soon our dollar will be replaced with the rupee and EVs will be replaced with camels.
RIP 🪦 CAD
Canadians will be enjoying a trudeau vibe cession for 20 years maybe a bankruptcy dance party too.
Like everyone is in debt
I started buying all my assets as USD and at this rate I'm gonna be relatively rich just by shorting CAD
Can our dollar get any lower without it being worthless? And why doesn’t the interest rate on my credit card come down?
This is what happens when the economy is run for the benefit of the Liberal Party of Canada. "Jack the rates up to 'fight' the inflation we caused with our pandemic paranoia and reward the Big5 for their Freedom Convoy persecution", "Quick drop the rates before too many Canadians have to renew at the higher rates and see the real inflationary damage we have done" .
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same, I met Joyce kim last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Inflation will come back hard
What a bunch of idiots.. lost everything and now this.. just for 6 months they kept it put and made a lot of people loose their properties because of Interest rates
Too much taxes that working harder does not really mean more money in your pockets. Small companies are scrutinized heavily on taxes yet big corporations and foreign companies are getting tax rates like crazy. The ideology of the government needs taxes because they know better how to spend it for the greater good is flawed. Especially if Canada keeps on spending money for non tax payers like funding foreign wars, illegal immigrants, asylum-terrorisr hubs etc.
Whatever the result of a cut or an increase in the rate you can count on one thing. The banks' profits will benefit. That's all there is, there is no more. Any positive or negative effects for individuals and (small/er) businesses are just coincidental and inconsequential for the Banks.
Hurts GIC returns
@@Cutlerypotatoeverything’s negative in this insanity right now
@@Cutlerypotato I am getting 4.75 but will be going down when it renews in June
CAD drop is already priced in
Get ready for a 62 cent exchange rate. This is what poverty and failure looks like. Canada is well on its way to becoming the Argentina of the North. And you voted for this!
Not this guy
I'm not feeling the Vibe. In fact ,I've gone numb .My spirits might pick up if the Liberal's get voted out,...which couldn't happen soon enough.
We need negative interest rates.
*House prices are still $1,000,000 Million++.* BOC rate cuts don't really affect Fixed rate mortgages; those are priced according to the Bond Yields, which have gone up slightly due to Trumps win.
Woe there, the Bank's rate influences the other rates, since generally they are a combination of the expected rates over a longer duration, plus a risk premium for that longer rate. So, yes they do, but only to the extent that rates are different than expected, including future rates.
@@arethereanyuniquehandles Fixed rates aren't immediately affected by BOC rates - they are by bond yields. Variables are more affected and immediately more can go towards principal now.
@@rupertperiwinkle4477 Agreed variable rates are directly impacted by a change in the overnight rate. Fixed rates may move, but that really depends on how both the rate change and future expected rate changes are align with previous expected. If it is a major surprise, the long term bond rates could move enough to have the fixed mortgage rates change as well. As I said, the bond yields are basically a combination of expected overnight rates out to the term of the bond, plus a risk premium (and a liquidity premium).
Economic must be really bad.
COMPLAIN !
COMPLAIN !
COMPLAIN !
🇨🇦🍁🇨🇦🍁🇨🇦🍁🇨🇦🍁🇨🇦 OR DO SOMETHING ! ! !
Perfect distraction before a deficit announcement 🤣
Canadian peso lmao
Not good we are in trouble
Jumbo rate cut?
IT'S ARE JUMBO RATE CUT PRIOR TO MEAGA JUMBO RATE HIKE!!
Panic at the Disco. BOC so worried about the real estate market. Sales way down, and so many are still going to default on upcoming mortgage renewals. Inflation will re-ignite in Q4 with holiday spending/demand.
Tiff is the worst boc governor .he should not be governor.
Boc governor doesn't know what he is doing he needs to resign along with finance minister as well prime minister of Canada.
Why lower the rate knowing that tariffs will cause inflation? I don't get it.
And, Im still unemployed.
More rate cuts by boc = recession and depression.
Woot woot!
The interest saved on my 15 rental properties and vacation properties can allow me to buy another two condos 😂
Let’s keep it rolling Fed
Vibecession. Just get a second job folks! It’s great.
FJT!
Hurray! Home price will see new highs next year, that means we can borrow more from HELOC and pay less on credit cards. We are going to feel a lot richer 🎆 🎇 🧨
lol, high spring housing market. Sooooo with such high unemployment rate and us importing over 80% of our food and our dollar is worthless right now. Exactly where are the buyers coming from and where do they get the money to boast the housing market?
They bring money in from overseas. Immigrants do this. The only real people buying homes right now are people who already had homes and are either up or downsizing. They already had the equity built up over the last 20 years.
Governor Trudeau rocked 😂
25 per tariffs... That means depression for Canada. Cutting rates now is little bit too late
The US will pay the tariffs not Canada and if Canada has a lower dollar it will mean that US will be able to buy more from us or at least offset their higher costs due to tariffs.
Canada Exports to United States was US$439.6 Billion during 2023 so lets say 2025.... a 25% tarrif...that would be so nasty
@@thyjackal4156 Canada wouldn't pay that tax. US importers do so their $439.6B cost would go up 25%.
@@pacman3556 A bit economically illiterate like Freeland and Trudeau.
@@buzzgamer6543 I have a degree in economics from the best rated university in Canada. But please enlighten us and tell us how US importers will make Canada pay their tariffs
We will be headed for a 60 cent dollar in 2025 or 26.
Canada will go into a recession due to US tariffs (25%).
Fed is not going to cut rates.
/CANADIAN BUSINESS TAKE PRICE OF THE DAY. THEY NEED HIM FOR PRICES! THATS NOT MARKETING ITS A WELFARE! CANADIAN BUSINESS IS SECRETLY WELFARE!
Housing market is all that matters to them in the end, will do anything to bring back the craziness during the pandemic... And have to protect their own investments
Time to join the brics.
It is a good decision ! My DRT Theory best at this Point In Time ! Let"s Create the U.E.U. ;0)
Please the following message thrice : Back in October 2019 as an Independent Fitness Captain, Geopolitical Analyst & Theorist, Artist, Activist, World Peace Advocate and Student Scholar of history, wars, civilizations and finance HAD concluded that we ( Humanity ) are again on a path towards an '' International Conflagration'' and so created, made and designed a new workout training program designed to go hand in hand with a WW3 Scenario.
You Read That Right ! Have Proof Of Work ! You can see hundreds ( hundreds ) of my workout videos knows as the General War Integrated Total Body Training System officially and street known as the Dragon Army Workout.
Since the COVID19 heath & financial crisis resembles my scenario and furthermore the Ukraine-Russia Crisis adds to the gravity have begun advocating for the implementation of my Trinity of Theories known as the CIT, DRT & DFT via the fourth Dimension LOVE in order to create the two complementary, cooperative and covenant institutions known as the '' International Citizen Integrated Social Security & Service Force aka The Dragon Army with the International Integrated Dance League aka The Dancing Goddess Army ! Got Trillions of kisses, billions of hugs, millions of marching steps and some brain and muscle with that!
Now on COVID this is my trinity of beliefs about it : 1) Do not know for sure the cause/origins of the virus 2) Believe it was transmitted from snakes to human beings albeit with a doubt 3) Since cannot Do not know for sure cannot Rule Out another Possibility such as an accident in a lab, an experiment gone wrong, a bioweapon, etc. A Fourth Dimension to that Trinity is What Do Know 100% without a Doubt is that before Covid in October 2019 Created, Designed and Made my Workout Program to go hand in hand with a WW3 scenario witch resembles current Geopolitical events. HAD the Solution ! The Dragon Army ! Pledge Ur Allegianze LegionZ ! Eye Love You! Join, ally, support and volunteer for Adrian Hannah Dragon's Dancing Goddess & Dragon Kingdom ! Eye Love You ! .Tell the Leaders of The Free World Dragon Zero's message : Drop Down and Give Dragon Zero 13 pushups with Love and for the Sake of World Peace.
Please please please TD and all let us Let us together thank the farmers, butchers, bakers, truckers, cooks, sanitation workers, store clercks, warehouse workers and all other workers involved in the production & distribution of Food throughout the Collective North American Civilization. Am grateful for the farmers, butchers, cooks and others such as truckers & train conductors
Faut lire cela attentivement et meme trois fois : En Octobre 2019 en tant qu'athlete philosophe et analyste en geopolitique independent j'ai fait une analyse de la situation geopolitique et j'ai conclue que l'humanite se dirige encore vers une ''Conflagration Internationale'' soit une 3ieme Guerre Mondiale......En consequence j'ai cree un systeme d'entrainement physique qui ne requiert aucun equipement et qui a ete cree pour aller avec une telle situation d'urgence. .......Trois mois apres la Covid ma et nous a frappe fort....
Mon entrainement du Dragon accroit la condition physique de maniere generale.....Le 29 Septembre 2022 j'ai fait ma 300ieme session de ce meme entrainement donc vous pouve voir les videos sur TH-cam.... Officielement j'ai change mon surnom de Dragan en Dragon....
Voice ma sainte Trinite sur la Covid: 1) Je suis pas sur des origine du Covid ..... 2) Je crois que ca ete transmis des serpents au etres humains mais avec un doute......3) Vue que j'ai un doute je peut pas nier une autre possibilite de transmission de la Covid comme un accident dans un laboratoire, une arme biologique, une fuite de laboratoire, etc....... La Quatrieme Dimension Donc je suis 100% convaincu et dont j'ai la preuve est que en Octobre 2019 j'ai cree ce scenario et systeme d'entrainement physique qui resemble l'evenement du Covid ainsi que la situation actuelle en geopolitique en Europe avec la crise de l'Ukraine ainsi que la Chine avec le Taiwan.....Vue de cette situation J'ai commence a faire appel a un Partenariat Publik Prive pour la creation de l'armee du Dragon pour etre de defense, securite, service et reponse en situation d'Urgence
Jumbo Trudeau grift.
Hahaha Canadians
So what, food/grocery price or cost cut ?????
Canadians can’t survive high interest rate environment. If in everything you compare with USA then why don’t have 15-30 years mortgage here in Canada as well.
Canadians can’t survive high interest rate. If in everything you compare with USA then why don’t have 15-30 years mortgage here in Canada as well.
This is good I have few homes to sell, prices will go up next year so I can sell them.