Canadian economic data aligns with potential June rate cut: CIO
HTML-код
- Опубликовано: 23 апр 2024
- Lesley Marks, chief investment officer at Mackenzie Investments, tells BNN Bloomberg that Canadian retail sales, which edged lower in February and are estimated flat for March, point to quite substantial declines in consumer discretionary spending and show that Canadians have been hit hard by higher interest rates. She says weakness in the economy does not necessarily translate to weakness for the TSX, and discusses sectors that have performed well for investors.
Subscribe to BNN Bloomberg to watch more videos: / bnnbloomberg
Connect with BNN Bloomberg:
For the latest news visit: www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: / bnnbloomberg
BNN Bloomberg on Twitter: / bnnbloomberg
BNN Bloomberg on Instagram: / bnnbloomberg
BNN Bloomberg on LinkedIn: / bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
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.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
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?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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
$20 Per lbs for ground beef here we come ! Look at the Canadian dollar yeah and watch it plummet with all this dovish talk of lowering rates
I went burger baron for two single baroness burgers with cheese and bacon and it was $22. I was in shock. I remember thinking $15 was bad
Raising interest rates haven't helped food prices either all it did was make everything more expensive and destroy livelihoods . Instead of the goverment cutting spending . They spent more and continue to spend more while we the people get punished
Food and gas and housing is just so expensive.
The idea that a slowing economy means lower inflation is a massive fallacy. Talking heads on TV can pretend 'everything is fine' all they want but that will not fool Canadians who actually have to buy food and pay rent. What we have in Canada is called stagflation and lower central bank interest rates will not help that in the slightest. This is the result of decades of fiscal and monetary irresponsibility and cannot be undone by a June rate cut, if there even is one.
"strength in commodity prices" is a euphemistic way of saying "stagflation".
Just because it's in the realm of possibilities doesn't mean they should lower rates. As someone who's on a variable rate mortgage, id rather the rates go down later in the year or 2025. I guess we shall see.
Businesses will be shutting down before the June capital gains hike. Get ready for USD/CAD to hit $1.50
Ahh the canadian peso. Lower the rates and the canadian dollar should be on par with the mex peso.
thats what they want. white mexicans.
I just love carbon taxes.
so much for BOC's projection of improving economy I guess. This country's economy is a dumpster fire.
OK Lesley.... and just how much do you think the BoC can cut rates(diverging from the US Fed rate).... before 'importing' inflation as the Loonie tanks .68 cents huh ?
FORGET IT !
There was roughly a 1.5% inflation rate with a .65c CAD late 90's.
@@fillmorehillmore8239less globalization and more home grown manufacturing companies
So one quarter makes a trend? Last I remember, how much pain the consumer is not part of the mandate for cutting rates. I still think it will go up.
The IMF must be useless.
Does she have a mortgage? And real estate?
Wonder why she became nervous answering the question a 4m point.
An interest rate cut means higher prices in house pricings, period. First time buyers can never afford it while many investors own a few properties. My nephew owns one house, one townhouse and 2 condos.
Investors are taking the pipe with the new capital gains tax inclusion rate.
@@24theMoney About time too!
$10 for a bag of potato chips???
You shouldn’t eat that garbage anyways
@@604h22a i like eating expensive garbage
I just bought a large bag for $4.50 at a convenience store.
@@TT-fq7pl There's nothing at convenience stores that cheap.
@@JessT-vg7ib I was just there. Paid with a fiver and got some quarters back. But I live in a western Canadian city. Maybe prices are just higher where you are.
It is just one data point.
Think about it?
Its March!
Once christmas and New Year's passed, people dont spend untill May long weekend.
They cherry pick one microstat and base their narritive around it.
And as far as a weeaker dollar will be good for our exports, she is correct, but the inflation to our imports would far outweigh the good.
Doubtful considering the letter j got from my bank.
In other words be ready for a recession !!
How’s about they keep rates where they are. Get rid of Justin Trudeau and the carbon tax. Shrink the size of government, lower taxes overall and that will more than make up for the higher payments due to high rates.
Why not go further, cut immigration and build houses faster which would solve the housing crisis while also allowing for lower rates. Why should half our mortgage payments be going to the bank?
@@Brian-dg3gh
Now you’re talking.
@@Brian-dg3ghagreed but are you open for rezoning because houses have to be build somewhere. Calgary residents already started protesting against rezoning you can't just blame immigrants and jt for every thing BTW I am not a fan of both.
@@nitinprasad3842 I’m ready to build a house in my backyard and I work in home construction so yes, build, build, build, build. I’m also a fan of preserving farmland which of course will require infill rather than expansion.
@@nitinprasad3842 also I’m not anti-immigration and I’m just as hard on Canadians who don’t work so it’s not about anti-immigration it’s about balancing supply and demand. I’m all for importing tax payers but it can’t be at the expense of our economy.
USA made it official today, Stagflation is here.
Canada economic data is tailor-made to keep the loonie afloat. Luckily so many people believe those data are real😂
Obviously…rate cut cheer leaders want our housing bubble goes bigger and inflation higher 😅😂😅
Not really i just don't feel like lining the banks pockets with more interest payments. 1500 dollar a month payment and 1200 is for interest. It's a great system
@@MrRiodiamond What the heck are you buying for $1500/month? Maybe bi-weekly or weekly in worst case Ontario or BC.
totally agree with you.
@@MustyBastard 180k mortgage in Newfoundland
@@MrRiodiamond Ah I see. The motherland .
Ya cut rates and send our dollar into the toilet while further raising inflation - geniuses
😮
Skynet has become self aware. Judgement day is inevitable
Man, this channel just keeps pushing rate cuts, yet there aren't any rate cuts. It's sort of desperate and sad, isn't it?
Rate cut is a final nail in the coffin for the Liberals. Canadian housing market crash is the only answer to the situation. Such crash can pave the way for JT as PM again. Question is will he will opt for this course of action.
how the H does oil and gold doing well on the stock market good for the average Canadians??? those with stocks are killing it. And interest rates, raise raise raise and don't let the government help, cause they'll just eff it up again.
Its funny how eeasily you can create a video to rate cut or rate increase . Amusing how you keep viewers biting nails . Whereas the reality is the times of lower interests rate is gone for good. Reality is going to be more grimmer. Why don't you relate to increase in interests in bond yields .. where as banks don't care what proces your groceries are being selling.
Canada uses Newcomers to pay pensions of old Europeans through tax
It would be a decent plan if the newcomers worked
Most newcomers have no assets or income.
If anything the old stock are funding the new comers through property taxes and income taxes
The government makes it all work by piling on debt