Imagine. Cheaper borrowing increasing inflation in a country where everyone is addicted to credit.🤦♂️ this is not an insignificant issue in my opinion.😬
While it is not surprising that the lowering of interest rates will stoke inflation, the part that is surprising me is the speed that it is taking effect. With the interest rate cuts happening now, I was personally not expecting inflation to rise until the spring or summer of 2025. The fact that inflation is rising before they even finish cutting rates is worrisome.
I cannot keep up with groceries anymore. I have 3 kids..my husband works..I work.. I only shop at a no frills because it's the cheaoest around here. We are very frugal people and pretty minimalist people but this is causing such horriifc stress. It doesnt help one of our children is allergic to peanuts and tree nuts. Reslly trying to stay positive but getting worried things will not improve. Our rent is too high and our place is extrmenely tiny. I don't ever see us leaving for a bigger place. It is a 2 bedroom but more like a 1.5 bedroom.
I know Canada is expensive so even 2% inflation rate can be felt, more or less, but in general i must say that such inflation rate is super low to what is usual around the world in advanced economies. In Europe most countries have inflation over 2% some above 3% (during and after covid we even had over 10%) and no one is complaining. Overall, inflation of 2% is considered rather low. I guess Canadians got so used very low inflation rate, so now they make fuss about the increase, or am I wrong?
Drop Bank of Canada rates, and you get inflation! But if you don't drop BOC rates, 2025 huge/biggly number of remortgages will fail with keys going back. JT has overspent (doubled 150 year Canadian debt in 7) and the inevitable is now here and now! :'(
Thanks for the information. For everyone reading the report. Don't be confused by the headlines. Inflation in Canada is caused by mortgage interest costs and rents. Which are both lagging on the cpi. Inflation is very low excluding these items.
Yea ignore headline inflation, look at the core inflation which excludes more volatile items in the CPI basket. The core readings are a preview of what is to come, higher inflation...
It is becoming increasingly difficult to stay here... 😢
Both measures of core inflation are up. It isn’t just gasoline.
Right you are..... thanks for watching!
Imagine. Cheaper borrowing increasing inflation in a country where everyone is addicted to credit.🤦♂️ this is not an insignificant issue in my opinion.😬
While it is not surprising that the lowering of interest rates will stoke inflation, the part that is surprising me is the speed that it is taking effect. With the interest rate cuts happening now, I was personally not expecting inflation to rise until the spring or summer of 2025. The fact that inflation is rising before they even finish cutting rates is worrisome.
Agreed, Derek. Cheers.
I cannot keep up with groceries anymore. I have 3 kids..my husband works..I work.. I only shop at a no frills because it's the cheaoest around here. We are very frugal people and pretty minimalist people but this is causing such horriifc stress. It doesnt help one of our children is allergic to peanuts and tree nuts. Reslly trying to stay positive but getting worried things will not improve.
Our rent is too high and our place is extrmenely tiny. I don't ever see us leaving for a bigger place. It is a 2 bedroom but more like a 1.5 bedroom.
Thanks Marc.
Very welcome Enid!! Hope you're well. 😁
I'm seeing more and more people build shelters outside in the suburbs...not good...
Great knowledge. Thanks for the video Marc. This is my "go-too" for financial advise
Thanks!! Hope all is well out your way. Cheers.
Thanks Marc!
Thanks, Jason. Cheers
Great video Marc! Thanks for the update! 🙌
I know Canada is expensive so even 2% inflation rate can be felt, more or less, but in general i must say that such inflation rate is super low to what is usual around the world in advanced economies. In Europe most countries have inflation over 2% some above 3% (during and after covid we even had over 10%) and no one is complaining. Overall, inflation of 2% is considered rather low. I guess Canadians got so used very low inflation rate, so now they make fuss about the increase, or am I wrong?
What a surprise !!! We a bunch of neophytes running the show
Drop Bank of Canada rates, and you get inflation! But if you don't drop BOC rates, 2025 huge/biggly number of remortgages will fail with keys going back. JT has overspent (doubled 150 year Canadian debt in 7) and the inevitable is now here and now! :'(
Im scared. Hold me.
It’s ok they always print when it gets bad. Get ready to ride the 🚀 on the way up it’s gonna happen fast
Currency debasement is here.
Pierre. Pls save us.
Thanks for the information. For everyone reading the report. Don't be confused by the headlines. Inflation in Canada is caused by mortgage interest costs and rents. Which are both lagging on the cpi. Inflation is very low excluding these items.
Yea ignore headline inflation, look at the core inflation which excludes more volatile items in the CPI basket. The core readings are a preview of what is to come, higher inflation...