Former finance minister on rate cut: "This is a very minor cut" | Power Play with Vassy Kapelos

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  • Опубликовано: 26 янв 2025

Комментарии • 43

  • @garywagner2466
    @garywagner2466 7 месяцев назад +21

    Amazing how these minor concessions get everybody so giddy. That’s what nine years of being kicked in the knackers will do for you. This country may never recover from the Trudeau years.

    • @MrFelix002
      @MrFelix002 7 месяцев назад +1

      Not in our life time

    • @bonbonvegabon
      @bonbonvegabon 7 месяцев назад

      bahahah Im glad you cons are hu*ting bahahah KARMA BABY

    • @goofyal11
      @goofyal11 7 месяцев назад

      Not in my LIFETIME... which I estimate... 20 max.

    • @bonbonvegabon
      @bonbonvegabon 7 месяцев назад

      @@MrFelix002 Bahahahah only cons blame Justin for their own self made poverty lol

  • @gorgeousgeorge5173
    @gorgeousgeorge5173 7 месяцев назад +21

    How many failures do Canadians need to realize this Government should be thrown in jail?

    • @professorakiba434
      @professorakiba434 7 месяцев назад +2

      Will you take that same attitude if it is a Conservative government that is corrupt?

    • @gorgeousgeorge5173
      @gorgeousgeorge5173 7 месяцев назад

      @@professorakiba434 absolutely. I'll let them bend me over with empty rhetoric and pillage every dollar in my pocket, because I can't think for myself and am ok with corruption as long as it comes from 'my guys', while I hate 'those guys' so much. You really don't know any Cons, do you?

    • @Tempus64
      @Tempus64 7 месяцев назад

      So you want the conservatives thrown in jail as well as they did much the same prior to the liberals? Oh. And what exact crimes did they commit? Would love to know that or maybe you just want to lock up anyone you don't like.

    • @bonbonvegabon
      @bonbonvegabon 7 месяцев назад

      Cry more freedummie

    • @maritimer3027
      @maritimer3027 7 месяцев назад +1

      @@professorakiba434at least you agree they’re corrupt !

  • @benmorr4824
    @benmorr4824 7 месяцев назад +10

    The only thing that keeps the current finance Minister up at night Is a nose full of Coke .

    • @gagandhaliwal1453
      @gagandhaliwal1453 7 месяцев назад

      LMAOOO. MR. SPEAKKKERRR HOW DARE THIS GUY INSULT MY COKE ADDICTION!

    • @W1thcdoctor1987
      @W1thcdoctor1987 7 месяцев назад

      LOL! "Meesta speeker - We take these accusations of Coca Cola very seriously!"

  • @BarbaraCorbett-ze3my
    @BarbaraCorbett-ze3my 7 месяцев назад +11

    And Freeland was thumping her chest crowing about how “fiscally responsible and hardworking they are” culminating in this teeny tiny cut.

  • @matthewsemenuk7544
    @matthewsemenuk7544 7 месяцев назад +6

    Hear that minister of finance. Canadians don't need to see you with new shoes. They want you to do better work and quit cherry picking the rosy data that isn't even of your own doing.

  • @parkerbohnn
    @parkerbohnn 7 месяцев назад

    Wage gains today came in huge at 5.1 percent almost a full point higher than in America. The Bank of Canada rate needs to be hiked to at least 6 percent to quell any wage inflation leading to an endless wage price spiral and runaway inflation.

  • @HypocriticYT
    @HypocriticYT 7 месяцев назад +3

    A cut for political reasons, no doubt useless

    • @Tempus64
      @Tempus64 7 месяцев назад

      So what you're saying is that the bank raised the rates cause they hate the liberals and want everyone else to hate them, but now are lowering the rates cause they love the liberals and want everyone else to love them? You're truly brilliant.

  • @WildernessExcursions
    @WildernessExcursions 7 месяцев назад +6

    Two weeks to flatten the curve.

  • @2stick724
    @2stick724 7 месяцев назад +8

    lesser rate=higher inflation.

  • @PercyY-ib2vx
    @PercyY-ib2vx 7 месяцев назад +1

    The Bank of Canada (BoC) must lower interest rates despite high inflation to stimulate economic growth, support employment, manage government debt, and counteract sluggish economic activity at risk of recession due to Freeland's irresponsible spending. Additionally, lower rates are crucial to managing the substantial debt servicing costs from a $700 billion deficit and maintaining financial stability amid rising mortgage and credit card defaults. The BoC anticipates looming economic trouble, making immediate rate cuts necessary, which is an ominous sign. I hope Canadians recognize the continual nonsense she spews all day.

  • @flywithme7
    @flywithme7 7 месяцев назад +7

    Needed to raise the rates, just prolonging the problem.

  • @Mr.BobbyBrown
    @Mr.BobbyBrown 7 месяцев назад

    Raise the rates, don't cut them. Just making things worse for longer.

  • @linserwayne1587
    @linserwayne1587 7 месяцев назад +1

    Yup nothing to see here, just a small cut, wont make a difference ... yet historically every time they DECIDE to cut its because the financial crisis has already started.

  • @Trackratz-zl9di
    @Trackratz-zl9di 7 месяцев назад +8

    WHY NOW ? Election !

    • @jpsion
      @jpsion 7 месяцев назад +3

      boc is independent, basing the rates on data and economic goal.

    • @Trackratz-zl9di
      @Trackratz-zl9di 7 месяцев назад +2

      @@jpsion hahahaha

  • @RishitKaila
    @RishitKaila 7 месяцев назад +1

    Target = 1-2%
    Inflation = 2.7%
    Tiff..."I've seen enough" cuts.
    Math isn't math-ing.

  • @lominiski
    @lominiski 7 месяцев назад +7

    Buy real estate. Property prices will go to the moon when rates go down to 2-3% !@@!!@@!@!!@!!!

  • @JimRevell-ny4hw
    @JimRevell-ny4hw 7 месяцев назад +1

    Well we just lost all the hard earned gain to control inflation !

  • @AbeySampson-ow8pz
    @AbeySampson-ow8pz 7 месяцев назад +7

    Big mistake by Tiff rates go down home price go up big time, because sellers are greedy

    • @markz1013
      @markz1013 7 месяцев назад +1

      Yup and buyers are stupid

    • @mkyhou1160
      @mkyhou1160 7 месяцев назад +1

      It’s just math. Lower rates = higher amount can qualify = higher prices sellers can command.

  • @ianleslie6971
    @ianleslie6971 7 месяцев назад +1

    Groceries will still be under greater inflationary pressure as the latest carbon tax hike works its way through the system. The capital gains proposed hike has sold enough reduced price 2nd and 3rd homes to give the impression of reduced inflation. Enough to enable liberal government pressure on the bank of Canada to reduce by 1/4%.

  • @pmdun45698
    @pmdun45698 7 месяцев назад

    Go Oilers Go!

  • @SillySongs4Everyone2001
    @SillySongs4Everyone2001 7 месяцев назад +1

    Go Panthers 🐆 Go

  • @MR007-r3f
    @MR007-r3f 7 месяцев назад

    F

  • @JessT-vg7ib
    @JessT-vg7ib 7 месяцев назад +1

    We need to devalue the currency to increase exports as well as increase immigration.

  • @sprogbog1197
    @sprogbog1197 7 месяцев назад +1

    Needed to raise the rates, just prolonging the problem.