Canada rate cuts expected before the U.S.: RBC's chief economist
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- เผยแพร่เมื่อ 13 มิ.ย. 2024
- The Bank of Canada changed its language around inflation in its latest announcement while inflation in the U.S. is hotter than anticipated. Eric Lascelles, Chief Economist, RBC Global Asset Management joins BNN Bloomberg with his insights on expectations for rate cuts in the countries.
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HOW MANY TIMES DO THEY HAVE TO SAY THIS AND STILL BE WRONG?? HOLY "F"
Propaganda liberal funded news... They are paid to say this so people feel that they have a hope.
The market is addicted to low rates like a drunk is addicted to booze. Market is getting withdrawal symptoms 😅
Biased propaganda news trying to be optimistic to cover for their paying boss Justin Trudeau
Biased propaganda news trying to be optimistic to cover for their paying boss Justin Trudeau
Biased propaganda news trying to be optimistic to cover for their paying boss Justin Trudeau
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
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Canada’s economy is collapsing so obviously they’ll have to cut first
They won't be able to as the US inflation is on a quick rise. They will probably have to raise rates.
Canada is in a great position to cut 🤦♂️
Weaker economy is better for rate cut. It will take around 12 months to be effective though.
They cut rates before the US the dollar will be heading for the basement which will cause inflation here.
No it's not
Thanks for keeping the hope up for Canadians. lol
Inflation going to be high for April and May reason carbon tax. March data is going to come in later then we will know how much it is reduced but the carbon tax is going to come in to effect in April and May which could put the June cut unlikely.
Commodity prices are rising . Can't wait for oil to hit $100 this summer.
If you plan on travelling any time soon. Get your US funds in order now. CAD Dollar will tank if we cut first. US CPI was a dumpster fire.
Just listen to what Macklim said: "end of 2025", gdp is up, more jobs added, US inflation up, c'mon.
Inflation will start going up here too.
Canadian peso
Rates need to go up not down.
Today US sale of US2YT had the 3rd largest tail ever. The 2 year yield is up 22 basis points today.
Zero Hedge "Yields Soar After Catastrophic 10Y Auction Shocks With 3rd Biggest Tail On Record"
Interest rates and yields are only going up going forward.
No one will purchase treasury yields at 4% given real inflation 10% and higher.
Debts and deficits matter !
Can't wait to vacation in the US with a Canadian dollar worth 60 cents.
Might reach 50 cents in the future
JT put inflation at 5% again..😅
Rate cuts are not the answer.
I think the Bank of Canada neutral rate is 3.75% so we'll only get 125 basis point cuts in total
Comparing the US economy to the miserable Canadian economy is a downright insult to the US economy at this point
Inflation is up 16% from 5 years ago...lol
LOL, this didn't age well 😂
Trudeau has done a number on us and too many hapless Canadians bought his drama act and voted for him. Invest in the US.