Rate cut odds higher in Canada compared to the U.S.: strategist

The odds of U.S. rate cuts are diminishing due to the stronger US economy and higher inflation than in Europe or Canada, while a stronger dollar reduces dependence on the 'Magnificent Seven' stocks, says Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab.
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[@dirtlump]

It is not possible for the BoC to cut rates in any 'significant' deviation from US Fed Rates.... without downloading cpi inflation upon ALL Canadians in the resultant lower Loonie valuations..... regardless of the impending Mortgage renewal stresses of a highly overleveraged speculative GTA minority.

[@christopherrichardwadedett4100]

Odds at mechanical roulette not the same odds as human roulette. Prayers

[@brodieobrien-pickering2202]

Lmao not gonna be a single rate cut this year.

[@kL-li8qn]

IMO, rates will not go down, actually continue to stay higher and very possibly increase. Stock market will go down, gold will skyrocket to $3000 per oz.

[@bilko_4732]

Mortgage rates will be 10% somtime in 2025. Forget about rate cuts.

[@ron.mexico.]

We cut rates in the mid 90s without the US doing so. We were fine. Currency markets already have this priced in.

[@MustyBastard]

Pretty much. Equity markets and FX markets have things priced in 6 months to a year in advance.

[@glennevins5180]

They need permission from our dictator first