Canadian stocks are up, tsx at all time highs, bond rates are high, real estate is at a buyers market, pandemic over. Plenty of jobs. Get off of social media and go outside, it's pretty good
"Risking deflation"? You do realize that most Canadians desperately NEED deflation so they can afford food and housing? Slowing inflation only means living cost aren't growing as quickly. It doesn't mean the accumulated unaffordability is correcting.
Deflation is horrible for the economy. I don't think Canadians are going to care if there was a 5% reduction to their food bill when they lose their Job. I recommend looking up what happens when an economy experiences deflation.
@@mdi6792 deflation is necessary, it filters out mal investment. The business cycle is a natural part of markets. If you don't allow for corrections, then you get distortions and asset bubbles. Even if unemployment went up, most people would still have jobs. Some people would lose, but that sacrifice would be beneficial to the whole. Sometimes economic pain/chaos is the remedy to restore order/stability. You have to have a balance.
@@mdi6792 true deflation is the course of a fair and free market. technology is by nature deflationary, stuffs are getting better at lower cost with technology. But governments need to create inflation because they are in debt and inflation is the only way that can pay back the debt
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Lowering interest rates will cause higher inflation, people in my circle are already maxed out in debt. No matter what interest rates are, they cannot afford more debt nor will qualify for any loans.
This dude is a part of the problem. The issue is the world treating the Canadian housing market like a stock exchange. Lowering interest rates will only allow more people to gamble on housing, this is messed up beyond belief.
What job growth....I dont see it, over these past two months, at least 4 people living in my condo complex have lost their jobs (that is 4 out of ~80 peeps). Canada needs more green policies and more de-industrialization....if its already raining what is a little more water :-)
Why? So the government can borrow at lower rates at the expense of the middle class? It's not like the fixed mortgage rates are determined by the Bank of Canada, it is determined by the US bond market. People will realize this when the BoC keeps cutting, but fixed mortgage rates remain flat. Those on variable rates may see a bit of relief though, but even that will be limited. Lower rates for government = higher for longer for everyone else.
CANADIANS ARE STRUGGLING.
I'm not
Please stop 🛑 telling us inflation is at 1.6 % we all know that's not TRUE.😂
It might be in a month over month situation, butt nothing fell back to earth. That's the issue.
The REAL Canadian economy is tanking!! And it’s getting worse!!! The BOC needs to cut aggressively else we will all be lining up at Food banks!!!!
The sky is falling!!!!!!! Doom!!! Gloom!!!!
Canadian stocks are up, tsx at all time highs, bond rates are high, real estate is at a buyers market, pandemic over. Plenty of jobs. Get off of social media and go outside, it's pretty good
Maybe you're just a failure?
"Risking deflation"? You do realize that most Canadians desperately NEED deflation so they can afford food and housing? Slowing inflation only means living cost aren't growing as quickly. It doesn't mean the accumulated unaffordability is correcting.
deflation means lower tax revenue for the government and they cannot accept it!
Deflation is horrible for the economy. I don't think Canadians are going to care if there was a 5% reduction to their food bill when they lose their Job. I recommend looking up what happens when an economy experiences deflation.
@@mdi6792 deflation is necessary, it filters out mal investment. The business cycle is a natural part of markets. If you don't allow for corrections, then you get distortions and asset bubbles. Even if unemployment went up, most people would still have jobs. Some people would lose, but that sacrifice would be beneficial to the whole. Sometimes economic pain/chaos is the remedy to restore order/stability. You have to have a balance.
@@mdi6792 true deflation is the course of a fair and free market. technology is by nature deflationary, stuffs are getting better at lower cost with technology. But governments need to create inflation because they are in debt and inflation is the only way that can pay back the debt
Designed chaos
Suck people into the debt(eath) trap that is still standing up to this point, then do a reversal.
ECON 101: lower rates mean slowing economy !
*two foreigners discuss something they dont understand
Google them, they’re both born in Canada 🤡
Good thing I have a second job. The new Canadian dream.
There is no way they are not cutting at least 50 points.
Taxes, taxes, and taxes! lowering taxes will relieve Canadians's struggles, or enable us to breathe
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $100k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
nice!! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?
Lowering interest rates will cause higher inflation, people in my circle are already maxed out in debt. No matter what interest rates are, they cannot afford more debt nor will qualify for any loans.
This guy needs to stop talking like he’s making the decision for the BoC
Got my daily dose of economic gaslighting 😂
This dude is a part of the problem. The issue is the world treating the Canadian housing market like a stock exchange. Lowering interest rates will only allow more people to gamble on housing, this is messed up beyond belief.
WE NEED NEGATIVE INTEREST RATES
What job growth....I dont see it, over these past two months, at least 4 people living in my condo complex have lost their jobs (that is 4 out of ~80 peeps). Canada needs more green policies and more de-industrialization....if its already raining what is a little more water :-)
Your basing your opinion on the measly 80 people around you? There are 40 million in Canada.
They’re going to do a 50.
Lacks a PFC
lol cut 50 now or cut 1.5 later. You're going to crash the economy.
Why? So the government can borrow at lower rates at the expense of the middle class? It's not like the fixed mortgage rates are determined by the Bank of Canada, it is determined by the US bond market. People will realize this when the BoC keeps cutting, but fixed mortgage rates remain flat. Those on variable rates may see a bit of relief though, but even that will be limited. Lower rates for government = higher for longer for everyone else.
Well be doing 10% by 2027
Google economy experts will now fill the comments, these are the same people that were google epidemiologists during the pandemic
Gasoline isn't a regular expense for Canadians if you drive an electric car!
White Christopher Johnson Shirley White Dorothy
Wilson Sandra Wilson Michelle Wilson David
More likely they won't cut the rate at all