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.
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
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.
I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I've purchased USD, and I will continue to divest from CAD after Mr. MacKlem's assertion of 'latitude' for divergence on BoC rates from US Fed Policy rates.... FREE MONEY ! And if anyone believes a .68 Loonie isn't inflationary..... Good Luck !
I have been dumping my CAD consistently to buy some euros. Better to have a strong currency.. unfortunately, the loonie is not worth much if anything at all....
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
I see people everywhere treating this as ''good news''... this is probably the worst news since the the peak inflation we had. People addicted to low rates are killing Canada's economy.
Economies adjust to lower rates much easier than higher. When the consumer is debt laden and rates increase this most certainly has an effect on demand and if held longer this frugality sets in and demand has a really hard time increasing when needed.
@@Azel247 3 reasons : 1. Even in a pure vaccum of context, no interest rate drop is good news. Lowering rates environments happen, by default, in a recessionary environment because recession risks are the motive for lowering rates (and this is by design). So by default, the fact that rates are dropping is because the BoC expects that recession risks are higher now, which is not exactly good news. 2. Now, considering the *current* context and reason #1, this is even worst because rates are still below historical average. What that means is we are likely about to enter a recession... even at rates that are historically low. The next logical question is : what happens when inflation goes back up as a result of the geopolitical environment going back to the historical average? Rates go back up and we go even deeper in recession? Not exactly a nice scenario and this is very likely to happen. This is what I meant by people addicted to low rates, the fact is we have produced countless economic activity that is low rates dependent (like a real estate bubble and others) and going off of this is going to hurt like hell but it needs to happen. To some extent, dropping rates now will hurt much more in the long run because it might delay the economic switch that will need to happen for productivity to actually ramp back up. Unproductive economic activity thrives under low rates because profitability is less of a requirement to stay afloat. 3. The last reason is that it's a dumb decision for the currency. By lowering rates before the US, we drop the CAD value compared to USD and now our imports will cost more... which means inflation goes back up, so it solves nothing.
We will see the next wave of groceries price gouging soon because customers can put more debts on credit cards with lower rate. You save 30 dollars on mortgage but end up paying 40 dollars more for everything else.
Interest rate policy delta between CAD and US = CAD devaluation and more inflation Rate cut in Canada = debt fuelled bubbles go higher = more inflation. New rate policy projection for Canada: 8%
So according to canada if you bought a home 25 yrs ago or during your money printing spree only you have a right to exist great job guys basically you priced out a lot of people amazing Jon.
@@priuss6109 ha ha do you know anything about me before judging, Canada is a greatest country yeah for landlords, you are right . Either you are stupid who have no knowledge outside canada or you just want to be in that moral high horse. You show me 1 condo which a single guy cam buy in calgary in a decent neighborhood less than 350k without making you house poor and don't think that I am talking aboutmin wage even guys earning 40-50 $/hr feel the pinch.For god sake stop this BS
What is going on in AB?. Power brownout in February? This year, House prices are ramping up, Calgary has a water restriction, Calgary had a new rezoning against the constituents will, Edmonton announced a new 15 minute city, where is Danielle in all this? 🦗 🦗
Source? According to my research Tiff will keep cutting rates and immigrants will be paradropped into Canadian cities. Now is the time to be buying the Toronto condo dip. Moon soon for Canadian real estate.
Hundreds of thousands have already lost their jobs. We are already in a recession! Tesla, Amazon, Facebook, Google, Microsoft etc… have already or will cut 10%-15% of their employees.
Depends on their situation. Seems like most of the sellers are the ones trying to get out before their mortgage renews. This change only helps variable mortgage holders. Frankly it’s too small of a cut as some of those sellers might be facing mortgage renewal payments that are almost double so they will be desperate to sell.
@@sharinglungs3226 It's not an individual thing. What this does is signal the turn around from up to down. Those coming back into the market will be slow but if there's a second cut in July or September look out... market could really pick up.
Unless mortgage rates fall to 3% or less you will pay more on interest than on principal. So those property investors will continue to get a whipping. They will not be able to recoup from rentals.
Too soon! This rate cut only helps the careless spenders! A rate of 5% is very normal! Low rates will further create inflation and housing bubble! Canada should put more restrictions on home buyers, not less - by requiring second home buyers at least 50% downpayment. Otherwise we ll be in square-1.. inflation in housing and all! … I feel that the politicians are only serving their own interests by keeping their inflated house prices for their retirement at the expense of younger canadians suffering!
The only way to get inflation down is by controlling shipping costs. A government-backed (aka subsidized) diesel fuel card would even out the volatility. And would potentially ease some entrepreneurial stress. But the relationship with truckers has been permanently strained by Chrystia No-Freeland.
What?? I think you're suggesting here somehow subsidized fuel cost for truckers. I guess we should include train,ships and all the above too. I got a better idea just to get rid of the stupid carbon tax. That is making everything more expensive in Canada.
keep the carbon tax. even though it's not going to cover the billions spent on that damn pipeline. and the cost of fire fighting and Alberta whining about Ottawa not helping them and they are contributing the most to the canadian tax coffeur. yeah right. let's see the healthcare cost they incur due to the wildfire and relief home owner try to claim. No! no more subsidy to fossil fuel
We can't have our cake and eat it too. We need the Dino juice. Stat. Keystone pipeline has to come back. If they want to be climate conscious, stop jet-setting to the climate summits. And learn how to use zoom calls. No more patronizing BS.
The rate cut won't last long. Macklem's comment is pointing in that direction, the cuts are TEMPORARY. Intensifying global geopolitical tensions in Europe, West Asia (Middle East), and East Asia would lead to HIGH INFLATION, Global Energy and Supply Chain Crises, and ultimately follow the MASSIVE RATE HIKES. The rate HIKE will be set way higher than 5%. The rates will be settled around 6 - to 7%. 1970s Vietnam era inflation = 2020s Ukraine era inflation.
No one is yolo’ing with rates as high as the are. Even the sellers who will be facing almost a double on their mortgage payments come renewal are still in trouble.
lmao. now where are all those dumb boomers who were so sure it would keep going up, so sure they would never cut it anytime this year. guess you were all wrong. lol
@@JessT-vg7ib Nor is it about your exports. What is the point of exporting more to get more money that is worth less to import everything else? That's also missing the fact that Canada is not some massive export led economy. This has far more potential to be bad than to be good.
Unfortunately we're actually importing more,than we are exporting to the world. Why is that?? The current government is in the way. The economy is contracting rather than expanding under this current government policies! We have lost billions and billions of potential dollars that could have flowed into Canada.
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.
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
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.
I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I've purchased USD, and I will continue to divest from CAD after Mr. MacKlem's assertion of 'latitude' for divergence on BoC rates from US Fed Policy rates.... FREE MONEY !
And if anyone believes a .68 Loonie isn't inflationary..... Good Luck !
^^ 1000%
I have been dumping my CAD consistently to buy some euros. Better to have a strong currency.. unfortunately, the loonie is not worth much if anything at all....
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Ethan Grayson is one of the finest portfolio managers in the field. He's widely recognized; you should look him up.
I see people everywhere treating this as ''good news''... this is probably the worst news since the the peak inflation we had. People addicted to low rates are killing Canada's economy.
Economies adjust to lower rates much easier than higher. When the consumer is debt laden and rates increase this most certainly has an effect on demand and if held longer this frugality sets in and demand has a really hard time increasing when needed.
Why is it bad news?
They are having to cut because the economy up in canada is fucked while pretending they are cutting only because inflation is being tamed
@@Azel247 Bad news for losers who are living on high interest GIC rates
@@Azel247 3 reasons :
1. Even in a pure vaccum of context, no interest rate drop is good news. Lowering rates environments happen, by default, in a recessionary environment because recession risks are the motive for lowering rates (and this is by design). So by default, the fact that rates are dropping is because the BoC expects that recession risks are higher now, which is not exactly good news.
2. Now, considering the *current* context and reason #1, this is even worst because rates are still below historical average. What that means is we are likely about to enter a recession... even at rates that are historically low. The next logical question is : what happens when inflation goes back up as a result of the geopolitical environment going back to the historical average? Rates go back up and we go even deeper in recession? Not exactly a nice scenario and this is very likely to happen. This is what I meant by people addicted to low rates, the fact is we have produced countless economic activity that is low rates dependent (like a real estate bubble and others) and going off of this is going to hurt like hell but it needs to happen. To some extent, dropping rates now will hurt much more in the long run because it might delay the economic switch that will need to happen for productivity to actually ramp back up. Unproductive economic activity thrives under low rates because profitability is less of a requirement to stay afloat.
3. The last reason is that it's a dumb decision for the currency. By lowering rates before the US, we drop the CAD value compared to USD and now our imports will cost more... which means inflation goes back up, so it solves nothing.
We will see the next wave of groceries price gouging soon because customers can put more debts on credit cards with lower rate. You save 30 dollars on mortgage but end up paying 40 dollars more for everything else.
Interest rate policy delta between CAD and US = CAD devaluation and more inflation
Rate cut in Canada = debt fuelled bubbles go higher = more inflation.
New rate policy projection for Canada: 8%
So according to canada if you bought a home 25 yrs ago or during your money printing spree only you have a right to exist great job guys basically you priced out a lot of people amazing Jon.
Buy a condo. SFH is not a right. Stop whining and work harder. Canada is the greatest country on earth as of 2024.
@@priuss6109 ha ha do you know anything about me before judging, Canada is a greatest country yeah for landlords, you are right .
Either you are stupid who have no knowledge outside canada or you just want to be in that moral high horse.
You show me 1 condo which a single guy cam buy in calgary in a decent neighborhood less than 350k without making you house poor and don't think that I am talking aboutmin wage even guys earning 40-50 $/hr feel the pinch.For god sake stop this BS
What is going on in AB?. Power brownout in February? This year, House prices are ramping up, Calgary has a water restriction, Calgary had a new rezoning against the constituents will, Edmonton announced a new 15 minute city, where is Danielle in all this? 🦗 🦗
Very timid and modest decrease , Tim will get a performance bonus. Canadians are still suffering and will for a long time
It's their own fault in a way for not investing smartly and voting for the wrong politicians
One quarter of one percent is not a game changer.
That's the whole point otherwise Canadians would behave foolishly again and go bankrupt.
Soon 1 USD = 2 CAD, move your money while you can. In 2014 2015 there was parity.
2012/13 was that last time and it fell off when oil really fell off.
@@rometimed1382 yup, we can't afford to travel anywhere with this weak currency, maybe Zimbabwe
@@desperado914Even less buying real estate abroad.
It was too early....
.25 is nothing for the mortgage values about to be renewed. More pain to come.
Source? According to my research Tiff will keep cutting rates and immigrants will be paradropped into Canadian cities. Now is the time to be buying the Toronto condo dip. Moon soon for Canadian real estate.
USDCAD going to 1.5+
Yay! We’re saved ! Thank you Bank of Canada ! 🤥
Hundreds of thousands have already lost their jobs. We are already in a recession! Tesla, Amazon, Facebook, Google, Microsoft etc… have already or will cut 10%-15% of their employees.
Canada hasn't had an economy since trudeau took office
No. Unemployment rate is 6%. It has hovered at that same number for more than 2 decades
@@bdegrds Participation rate and total hours worked matter, not just headline.
But the BOC rate doesn't affect any of those companies
@@bdegrdsIf the actual unemployment rate is near 15%. Canada is economically screwed.
CAD fell off a cliff
maybe you are living in a parallel universe.
down 0.2% 😱
@@lexishannon3952 CAD finished even from yesterday and up on open by a marginal amount.
No it hasn’t
OMG no bid deal its bad for the the buyers now greedy sellers will increase the price of the house $40 to $50 thousands.
Depends on their situation. Seems like most of the sellers are the ones trying to get out before their mortgage renews. This change only helps variable mortgage holders. Frankly it’s too small of a cut as some of those sellers might be facing mortgage renewal payments that are almost double so they will be desperate to sell.
@@sharinglungs3226 It's not an individual thing. What this does is signal the turn around from up to down. Those coming back into the market will be slow but if there's a second cut in July or September look out... market could really pick up.
Tiff got the call from carney from the bildenburg meeting of lunacy
Unless mortgage rates fall to 3% or less you will pay more on interest than on principal. So those property investors will continue to get a whipping. They will not be able to recoup from rentals.
Bull on maple syrup exports
Too soon! This rate cut only helps the careless spenders! A rate of 5% is very normal! Low rates will further create inflation and housing bubble! Canada should put more restrictions on home buyers, not less - by requiring second home buyers at least 50% downpayment. Otherwise we ll be in square-1.. inflation in housing and all! … I feel that the politicians are only serving their own interests by keeping their inflated house prices for their retirement at the expense of younger canadians suffering!
Canadian Peso coming soon
Big Mistake
The only way to get inflation down is by controlling shipping costs. A government-backed (aka subsidized) diesel fuel card would even out the volatility. And would potentially ease some entrepreneurial stress. But the relationship with truckers has been permanently strained by Chrystia No-Freeland.
Also want to see some productive value from our transportation sector
What?? I think you're suggesting here somehow subsidized fuel cost for truckers. I guess we should include train,ships and all the above too.
I got a better idea just to get rid of the stupid carbon tax. That is making everything more expensive in Canada.
keep the carbon tax. even though it's not going to cover the billions spent on that damn pipeline. and the cost of fire fighting and Alberta whining about Ottawa not helping them and they are contributing the most to the canadian tax coffeur. yeah right. let's see the healthcare cost they incur due to the wildfire and relief home owner try to claim. No! no more subsidy to fossil fuel
I simply can't compete with total misinformation, especially when coming from a ideology driven person.
We can't have our cake and eat it too. We need the Dino juice. Stat. Keystone pipeline has to come back. If they want to be climate conscious, stop jet-setting to the climate summits. And learn how to use zoom calls. No more patronizing BS.
you sick! Inflation, welcome back to Canada
They love inflation in Canada so people cannot buy food anymore or anything else.
The rate cut won't last long. Macklem's comment is pointing in that direction, the cuts are TEMPORARY.
Intensifying global geopolitical tensions in Europe, West Asia (Middle East), and East Asia would lead to HIGH INFLATION, Global Energy and Supply Chain Crises, and ultimately follow the MASSIVE RATE HIKES.
The rate HIKE will be set way higher than 5%.
The rates will be settled around 6 - to 7%.
1970s Vietnam era inflation = 2020s Ukraine era inflation.
He knows he’s fired if the Conservatives win in 2025.
This is pure desperation. Interest needs to go UP if you want houses to become cheaper.
breaking news! lol 0.25 wow
good start
YOLO so HARD on real estate right now 🤪🤪🔥🔥
No one is yolo’ing with rates as high as the are. Even the sellers who will be facing almost a double on their mortgage payments come renewal are still in trouble.
@@sharinglungs3226 o thats right there is no sideline money waiting to pounce 🤪🤪💦💦
take a quick look at commercial real estate in lower mainland n who is buying if u have some time :D
Thank you for sharing this news
🎉🤝💰🤤🤤🤒🍰🍦👨🏼💻🙏🏻
Probably a one off anomaly.
“great relief”
for asset owners, ordinary canadians will suffer !
big deal!
Too little too late
lmao. now where are all those dumb boomers who were so sure it would keep going up, so sure they would never cut it anytime this year.
guess you were all wrong. lol
I hope our dollar devalues. We need to boost exports.
that makes no sense, devalue will cause cost of living prices to skyrocket more, as if middle class hasn't been beaten to a pulp already
@@XMG3 Not everything is about you buddy.
@@JessT-vg7ib Nor is it about your exports. What is the point of exporting more to get more money that is worth less to import everything else? That's also missing the fact that Canada is not some massive export led economy. This has far more potential to be bad than to be good.
Unfortunately we're actually importing more,than we are exporting to the world.
Why is that?? The current government is in the way. The economy is contracting rather than expanding under this current government policies! We have lost billions and billions of potential dollars that could have flowed into Canada.
it dropped right after the news of the cut