BoC could cut rates in June. The Fed likely to cut in September or October: strategist
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- เผยแพร่เมื่อ 29 เม.ย. 2024
- Dennis Mitchell, CEO and chief investment officer at Starlight Capital, joins BNN Bloomberg to discuss his view on central banks' path forward as investors digest Canada's latest GDP. Mitchell expects the BoC to cut rates more aggressively than the Fed, which could lead to more weakness on the Canadian dollar.
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Canezuela
Lol, this guy hears rates cuts are within the realm of possibilities and has the balls to get on TV and claim that BoC is 100% certain to cut rates in June
I wish I had the blind confidence this man does
He was wrong. STAGFLATION it what it is. There will be no cuts this year do not need them. Market soared when we were getting 6 cuts starting in March. We will get none this year so when does the market adjust way down?? This is a joke. FED is letting off QT pedal because they cannot tighten, its over - welcome to the great reset which I thought was BS, but seems like the tin foil hat guys might be right. These finance guys cannot say anything but cut rates, need a rate cut, because its a house of cards ready to fall.
It’s amazing how nobody has a clue as to what’s going on. ZERO!
That’s amazing
I think “zero” is a bit too generous. Haha
If the do we will be like Venezuela over night… house price will go up 5 times
@@carinebanks8222 Canezuela
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Canadian are saving more...lol. you mean they have less disposable income. Big difference!
Yup. Gaslighting ... biggly.
The only Canadians that matter are saving more. AKA HH above 150k a year
Nobody is saving now, even in the top 1%
Do these guys not tealize nobody is believing them anymore. Greed kills. Now it has. Over now because nobody that was supposed to stop rhe fraud didnt.
There will be NO rate cuts in June..get over it! It will destroy any progress that has been made. The goal is lower house prices
There will be, for sure.
I doubt that's their goal.
The goal is to inflate away the currency and offload the loss on taxpayers and savers.
There will be no rate cuts , the maximum they gonna do is to hold it as it is, inflation is still high , see you on June 5th
0.25% rate cut on June 5 2024.
Its not when the interest are coming down .the question is when will the home prices are coming down? Homes in Canada are over over over value
No rate cuts , making ppl foool
Not in Stagflation environment.
Devoid of US Fed Rate relaxation in provision of equal rate latitude for the BoC....
any independent BoC rate cuts in deviation from US Fed Rate Policy will.... and can..... only occur into the absolutely worst economic/banking/financial crisis conditions already well entrenched that even further degradation of Loonie valuations and resultant inflation the rate cuts would intend would pale to the overriding system in crisis stability efforts therein.
Yeah.... it's that BAD !
Tiff needs to be very careful cutting rate now.we all ready seeing house prices go up without rate cut.
Welcome to Zimbabwe.
Today, likely to get rate cut. Tomorrow, likely not getting any rate cut. Keep going.
He was wrong. These guys are worse than used car salesman.
I would be very surprised if the Fed cuts in the fall. If they don’t cut before September the Fed will be very hesitant to cut until after the election, they historically don’t like to look political.
As for Canada, if we cut before the Fed, CAD tanks and inflation rises as 85% of our goods are imported and priced in USD. Buckle up peeps.
The Fed certainly wasn't worried about looking like he was supporting the Hedge funds that were paying for the protesters that are supporting Hamas and antisemitism. He's worried about looking like they are political?.... lol. Racism is not a problem...lmfao
If you had a big mortgage and credit card debt and personal loans, and you had to take a pay cut, would you do what the B Of C does, and take on more debt to pay your bills? That’s what it means when B of C says it wants to cut rates during a recession when debt is out of control.
Cut rates so we can spend more on food, clothing, car expense, all the necessities - inflation. That makes a lot of sense, doesn’t it?
😂😂😂 right ! We need easing , so we can take more debt and not change any behaviour and make sure pump the house prices😂😂😂
Boc must keep mortgage rates up to for the housing prices to come down.
Fed will never cut after Sept in an election year. BOC will never have the balls to cut before the Fed. BOC should raise rates to 8%
I am cash advancing on a credit card for 8 months at 2% LOL. There is nothing tight about environment.
Dears cover ones can do anytime any month 🇨🇦
CAD will tank if we cut the rates before fed.
The dollar is going to drop
Si
I have yet to see any meaningful movement on the dollar so far
@@joebachmeier6747 it takes time silly
LMAO, US just announced interest rate remain unchanged! CANADA always follows the step of US!
Lol there are going to be no rate cuts. These "experts" are hot garbage.
Deary me - the same old talking points.
Gold stocks are undervalued compared to gold prices, wait for earnings and gold stocks will skyrocket and not to mention bad market news that will blast them higher up!! Buy GOLD STOCKS…
Hold on , on pandemic you guys were Said that interest rate won't go higher for so long and all of sudden you raise interest rate so rapidly, is this how you guys run a country economics and just Don't understand why all west orientated country are in inflation and raising interest rare well I have the answer, it's Russia, you guys put sanction on Russia and it's back fire , you guys thought Russia economy will go to hell but our economy is going to hell , 50% Trucking companies bankruptcy, Russia economy is growing so fast according to IMF
this guy is just following orders on what to say.
YOUR STRATEGIST IS ALSO KNOWN AS "WRONG!!"
Oh boy, another segment about xyz strategist predicting xyz rate cut/hike by xyz
get real…… there is no way Canada will lower its rates before the USA does. How dare you suggest Canada does this. The USA will not like this. The USA wants us to be weak. Let’s stay the course and keep the USA happy. We must follow and do what the USA tells us to do.
It's happened 6 times before
Trudeau needs to create a problem then solve it or else how can he seem like a saviour. Depression here we come.