How much the Bank of Canada will cut in 2024

Dawn Desjardins, senior economist at Deloitte Canada, talks with Financial Post's Larysa Harapyn about what the latest inflation data means to the Bank of Canada and interest rates.

[@hersdera]

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

[@Jbird469]

It seems everyone is still relying too heavily on the charts now. Imho, when the ETF's stepped into Crypto it changed the game. The Bitcoin Baby has been born and will grow up fast. The Crypto Market now has a rubber stamp of approval. Wall Street is in the game now and It will become the store of value we have been talking about. The rules are already changing. We would have normally had a corrective retrace by now, yet Bitcoin has been steadily rising. The name of the game is getting out with profit, but when exactly to get out this Super Cycle is going to be a tricky one. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 3.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@truthteller6743]

Rates will not be going down. US Debt needs to be renewed and many are no longer buying. They will be raising rates. Truth hurts.

[@zomgoose]

Never Trust a Banker

[@kevinn1158]

The UST2Y is pushing 4.9% and rising and she thinks the BOC will cut with rents and real estate ready to explode? Yah, I don't think so. And I don't see 3 cuts this yr at all. That would light a fire under inflation again.

[@SteveK-bk1lo]

If Rent went up 8% and it is the lion share of spending, then how do we say Inflation is under 3.0% ?

[@rightersbloc]

She doesn't look like she believes what she's saying...

[@user-lb8bg6kj9m]

Inflation is 10% at a minimum.

[@goldguilder9554]

We need to pivot to a yield curve control rather than interest rate targeting.

[@KneZor]

Will it cut? Amazing how much air, this rate cut debate, sucked out... My TH-cam feed is drying up :-(

[@billyt3130]

Economy is still strong, there is no need for cuts and there won't be

[@babelfishdude]

Punitive tariffs everywhere. Which means prices going up for everything. Rates will stay steady or rise.

[@nu4chune]

Her voice mannerisms and speech style reminds me of our glorious deputy minister. And for that reason im out barbera

[@courtneybrown8155]

I don't understand why people need rates cut. The interest rate is not high. The price of things is too high. Not Interest rate

[@Truthseeker1-uq6wc]

Mortgage interest?? That’s perfectly CAUSED by the bank of Canada

[@danesplen2677]

It’s not rocket science if you up interest rates landlords have to increase rents to cover their mortgage, lower rates = lower rents

[@milishjoseph8928]

Why they are cutting when economy is strong

[@gamerstv2444]

125 points

[@edmondlai8299]

As long as the geopolitical situation remains tense, maybe a quarter point coming.

[@CanDoTax-hd5qy]

0% cuts. The BoC will keep rates the same or move them higher because they are all inept.