@@bohdankoretskyiYes. Inflation is a sign of a strong demand or a depreciating currency. Deflation is a bad thing and usually only happens in recession
I think we are in recession. I’m waiting to hear Christia Freeland talking budget next Monday to see if Canadian debt is now 60 billion (rumour). I’m really concerned about declining of our dollar. I’m not sure if the .5% cut will make a difference at this point.
Household debt alone is getting to $3 Trillion. Canada's debt is over $2 Trillion for a long time now. What $60 Billion you're talking about? Budget deficit?
They're going to have to continue to cut rates. The Canadian economy is in rough shape, and the Liberals continue to make it worse with inflationary spending. It's beginning to look a lot like stagflation.. everywhere you go.. Thanks Marc!
BOC is panicking. Unemployment is starting to really soar. In fact the only people that have been hiring is the govt. No wonder out taxes keep rising. Oil has been pressurizing the 68 level and if that breaks it's 60 then 50. The CAD very well might break 70c with these cuts and oil possibly dropping below 68. Developers will be laying off a lot of people if they keep refusing to build. And the real estate sector has hardly corrected in Toronto. The question is, will the sales slump in condos pull down the whole sector in 2025?
Just curious, how would rate cuts lead to fixed rate mortgages going down unless there is a stock market crash? would rate cuts not boost industry causing markets to go up further which again leads to higher bond rates eventually leading to higher fixed rates? Even during covid period, my understanding is ultra low fixed rates were a result of stock market crashes?
What impacts do you thing the interest rate would have in the field of tech ? There has been many lay offs and less projects because of high interest rates in the last two years do you think things would improve or change soon for that fiel aka more projects and jobs and opportunities for junior devs ?
Who cares about the rate cuts, how about the GST holiday starting Dec 15. Now THAT will be some huge savings for every Canadian. Just in the nick of time too.
For the sake of our country we need an election as soon as possible.
Dollar will be 55 cents now, awesome
the Canadian Dollar is dying
It's not dying, it's being systematically destroyed by the gov't and the central bank.
Tax cuts would stimulate growth. Cut taxes on productive work and
Actually tax cut can increase inflation. You're definitely an economist I see
@@bohdankoretskyiYes. Inflation is a sign of a strong demand or a depreciating currency. Deflation is a bad thing and usually only happens in recession
Great free knowledge! Thank you Marc. its good to have a view on this matter
This is 2008 moment for Canada. Fasten your seatbelts it's going to get bumpy 😅
What does that mean?
I think we are in recession. I’m waiting to hear Christia Freeland talking budget next Monday to see if Canadian debt is now 60 billion (rumour). I’m really concerned about declining of our dollar.
I’m not sure if the .5% cut will make a difference at this point.
Former BoC governor Stephen Poloz said we're in a recession.
Household debt alone is getting to $3 Trillion. Canada's debt is over $2 Trillion for a long time now. What $60 Billion you're talking about? Budget deficit?
@ yes, used to be 40 billion and rumours are that we are at 60 now. Chrystia Freeland will speak to this in the House of Commons on Monday
They're going to have to continue to cut rates. The Canadian economy is in rough shape, and the Liberals continue to make it worse with inflationary spending. It's beginning to look a lot like stagflation.. everywhere you go.. Thanks Marc!
I had no clue I could also listen to this on podcast - thanks!
BOC is panicking. Unemployment is starting to really soar. In fact the only people that have been hiring is the govt. No wonder out taxes keep rising. Oil has been pressurizing the 68 level and if that breaks it's 60 then 50. The CAD very well might break 70c with these cuts and oil possibly dropping below 68. Developers will be laying off a lot of people if they keep refusing to build. And the real estate sector has hardly corrected in Toronto. The question is, will the sales slump in condos pull down the whole sector in 2025?
Thanks Marc. Great job as always
Good job in the analysis
Thanks for sharing 🙏
how much of the rental increases include the rental caps that are too popular in canada??
Bring back 1.5% then we'll talk
Sure, let's hyperinflate Canadian dollar or whatever left of it.
Times sure have changed since the 90s when John Crow tried to kill inflation with double digit interest rates.
so when will we be required to use electric airplanes?? ;)
More rate cuts = more inflation. Good luck everyone to keep up with that.
This boxing day could be a big one. No telling how badly the tarrifs will affect us after Jan 6th
Just curious, how would rate cuts lead to fixed rate mortgages going down unless there is a stock market crash?
would rate cuts not boost industry causing markets to go up further which again leads to higher bond rates eventually leading to higher fixed rates?
Even during covid period, my understanding is ultra low fixed rates were a result of stock market crashes?
What impacts do you thing the interest rate would have in the field of tech ? There has been many lay offs and less projects because of high interest rates in the last two years do you think things would improve or change soon for that fiel aka more projects and jobs and opportunities for junior devs ?
11 more months of Trudeau folks, hang in there 😂
still too long :(
Who cares about the rate cuts, how about the GST holiday starting Dec 15. Now THAT will be some huge savings for every Canadian. Just in the nick of time too.
Luckily I closed on a home with an all cash offer recently lol market here in Vancouver will be nuts again in the spring 😂