Scotiabank sees Bank of Canada rate at 4% by year-end
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- Опубликовано: 6 сен 2024
- Derek Holt Vice-President and Head of Capital Markets economics Scotiabank talks with Financial Post's Larysa Harapyn about how the Bank of Canada rate will be at 4% by year-end.
Bank failures are likely to continue increasing due to rising interest rates, as it causes their commercial paper and treasuries to become devalued. To prevent a severe economic downturn, it is necessary to implement a freeze on interest rates. Simultaneously, the White House should support the industry in boosting gas and oil production to lower fuel prices. The anti-oil stance only contributes to higher energy costs, leading to inflation throughout the economy. By reducing interest rates, tightening the money supply, cutting government expenditures, and increasing the availability of affordable fuel, inflation will decrease, and the economy will thrive. Unfortunately, various conflicting agendas make it unlikely for all these measures to be implemented, resulting in a recession and persistent inflation.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please can you leave the info of your investment advisor here? I’m in dire need for one
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
@@tatianastarcic 26 percent of 2.7 percent inflation in Canada is related to higher mortgage payments from renewals. Since March 2022 we got over 2 million new immigrants which is almost 5 percent more people and more 5 percent spending as well . I don’t even like to mention much higher 20 percent car, house insurances because of 90,000 stolen cars etc.
everything is cooked about inflation and everything over 3 percent interest is robbery from Bank of Canada with purpose to get more money.
Derek Holt was born to be a banker. He's not even bald...he's just that committed. Carries a soft 4 with a power 10 wallet.
People are seeing rate cuts as a positive thing, when they are actually an indicator of how much trouble our economy is in.
I think 4% sounds right by end of year
@@miloradrabasovik7938 why? You sound like a realtor or a person stuck on a variable rate mortgage. Interest rate is well below long term average of around 5%. You thought zero interest rate will have stayed forever? Get off the cheap/easy money train. Time to pay the piper.
@@barryallen6927 interest rates are coming down Barry, until next September you’ll see neutral rate of BoC between 2.75 to 3 percent. Btw it’s election year 😀
why is my comment deleted. Everyone put your Money in high Interest savings account and get that 5% passive income
Don’t think the Bank of Canada is helping the little guy. They are assisting the Canadian banks increase their profit margins.
Stop making decisions on 3 month old data and make decisions on informed forecasts. Oh wait, Tiff is in charge.
Normally, when the BoC drops interest rates, it means that our economy is failing. 5% is a normal interest rate. Job losses make buying real estate harder than high interest. The real issue is that everything is grossly overpriced and MUST correct
Soft landing ???? Unemployment is at its highest since 2016 if you do not count COVID and the interest rates have an effect on the economy for up to 18 months !! 🤣🤣🤣
unemployment levels are at 1980s levels
Focus on policy rate is nutz. CAD $ at risk. And 5y dependent more on yield curve - which in turn is dependent on investor demand (as distorted by buying by gov't / BOC propping up failed auctions, etc.). Guy on street has no idea. And pros seem to be all in betting on self fulfilling prophecy of good times ahead.
Just what the Canadian people need , especially the millennial group , here goes inflation again , these people do not know what they are doing ?
Very bad news interest rate go down home prices go up $40 to $50 thousands 86.8% young Canadians born in Canada still cant afford a home in Canada.
Housing affordability is basically an immigration created problem now that rates are falling
We’ll see if there is any change in the RE market. Much to early to tell
The government has destroyed Canada forever.Bringing an immigration does destroy young generation to buy anything
The Loonie is tanking. Rate cuts won't make much of a difference. If anything, it will put upwards pressure on inflation. The death spiral is upon us.
there see if that makes you happy , maybe one episode you might smile or at least look pleasant.
Prime Minister Trudeau is winning. Canada is the first country to cut interest rate in the G7 in June 2024, after inflation rate is going down for 4 months. Canada has 1st strongest budget balance rankings among the G20 countries 2023 and 2024 will be more better than anybody else. Canada has the 1st best businesses environment since 2017, Warren buffetts mulls major new investment in Canada 2024.
What did you smoke man!
We got a snake for a government.We got a snake as justin trudeau
doesn't take a genius to predict that...holt is a clown
Holt was very slow in recommending rate cuts. He is behind the curve
Lol, no, needs to be 3.5 at least
Will be selling 2027
Half a million biz; nice tru