INTEREST RATES | Tiff Macklem asked when Bank of Canada will start cutting rates
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- Опубликовано: 16 май 2024
- Liberal MP Yvan Baker asked Tiff Macklem when the Bank of Canada is preparing to start lowering interest rates.
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The better question is when will Trudeau stop inflating the money supply?
Never. He is a theater assistant teacher. Not qualified to make any kind of financial decision.
The answer is simple - when the government stops overspending. Any day now.
lol government spending has not significantly impacted inflation - I'm sorry that it's an inconvenient truth that conflicts with your political talking points but it's the cold truth. When rates come down later this year will that mean the federal government cut spending drastically?
@@ransom182carbon tax though…
Trudeau has 52 billion to spend in 2024 only, and the elections are only in October 2025.
So imagine all the financial damage that Trudeau will do until October 2025.
Canada's debts will only go up.
Cut the carbon tax so that we can afford food.
and the budget will balance themselves
Straight from the horses mouth. Projecting several months of inflation at 3 percent. Sounds like no cuts till the end of the year!
3% is the scrubbed rate. The real rate of inflation is double that if calculated like they did in the 80's.
@@24theMoney yup the basket of goods is way higher
Who is that horse that has a crystal ball?
Start with lower federal government hand outs which equals to lower inflation and lower interest rates
Cut interest rates before the USA, and CAD dollar loses purchasing power = high consumer prices in Canada. Raise the rate buddy.
I really don't feel bad for any Canadians who overspent on their home purchase and are now dealing with high interest rates upon mortgage renewal...if you honestly think the interest rates were going to remain extremely low for the rest of your lifetime your out to lunch. And i dont expect rates to drop anytime soon given the insane amount of overspending the liberal government is doing year after year...unbelievable.
So true. I'm so thankful our modest home is paid off and we've lived a sensible frugal life with no debts. Now it's paying off.
How much do you think it cost to welcome an immigrant ?
And how much do you think it cost to welcome millions of them ?
More spendings, more inflation, we will get stuck with high interest rates for a long time.
Keep printing money and the answer is NEVER.
The Fed budget is pouring gas on the inflation fire.
Mr Bank of Canada CEO, it's waste of time to have a meeting with you ,please tell the best answer that remove the TrudoSingh Liberal NDP to reduce the gas tax tax, carbon extreme tax which will clearly cut the inflation down that Will bring up bank rates down😂
So basically no time soon. Wonder if Macklem has a mortgage or cottage? Rates don't affect the wealthy!
Its not when the interest rates coming down .the question is when home prices are ever going to go down .
When everyone defaults on their mortgages. They'll take whatever offer they can
Never going down and if they do it won’t be by much. It costs around $80k to build an average 2 car garage. Doing Reno’s on a house will literally make it so you’ve out-priced your property in your neighbourhood.
When something goes up in the government….it never goes down. Look at the GST, they promised to get rid of it after a while but since it was generating so much money for government, well….we’ll drop it by 2% only.
If ppl cannot afford mortgage at 5%, then they borrowed too much. What did they think? "interest rates are at an all time low Glenn"....
Stagflation is here to stay egghead.
Look at gas and climbing grocerie inflation topped off with added carbon tax, it's not coming down for s while. Thanks Prime Minister blackface
The Central Banks job is price stability not to accommodate housing speculators. Rates should be higher.
VOTE the LIBERALs in again CANADA you deserve it
They will start cutting as soon as they decide to replace the Canadian dollar with the Canadian Peso.
This clown said interest rates going to be low for years & years any other place he’d be fired & out the door
Interest rates coming down will not bring down home prices...how are they going to fix that reality?
To bad he doesn’t know his job
Tiff needs to be very very very careful .if he decides to cut interest now house prices will go sky high. its all ready home prices went up without rate cut.
In the seventies it came in three waves, culminating in the 1983 peak. If that repeats then we're just past wave one.
Prolonged negative real return is the only thing that brings debt/gdp back to a reasonable level. More is coming. IMO.
THEY CARE NOT WHATSOEVER ABOUT CANADIANS.
Don't cut rates
Tinkering with small changes in interest rates will NOT solve our Housing or Health Care crises at all.
Stop the press conferences and just make policy.
No way…. Very soon the tone in which questions are asked will change eventually when things get worse. I can already hear it in this host. He wasn’t playing with him at all. So let’s keep this going, I love it!
Why would he cut them when Canadian banks are making record profits and he is a millionaire?
thats not how that works. they make more if he cuts rates
@@vert911 you forget their rate is higher than the boc rate and the banks do make more money when the rates are higher because of that.
Agree, banks make more money when rates are low. When rates are low, everyone takes out loans and that’s when they make more.
Rates should increase. Keep tgem high untill all homes prices go down 45%.
The problem with real estate is investors .what Ontario needs a real estate crash or big recession to fix housing affordability crisis not rate cut.
He already said no cuts until 2025
really? where??
Why would anyone believe a word he says.
He's clueless.
@@vert911 in his own press conference
Thanks for sharing
Where’s the full video of this
Shrinking Gasoline prices can be done overnight which would help inflation.. just saying
Cut the 17 cents of carbon tax
June OR July cut? In 2019, BoC rate was 1.75% vs 5% present…
Next year
When Trudeau is gone. Absurd government spending does nothing to help.
We're paying more on our national debt than we are on healthcare. This PM has spent more than the last 2 plus combined and accomplished less than 20% of what he initially claimed, if even that.
3.8 million houses built by 2031, remember thats over 1500 a day. As with everything it will be over budget. The new pipeline was 30 billion so I guess this will probably be the same. And that's just for this alone.
Trudeau is just for Trudeau.
Tiff macklem = disaster
Mortgage rates@10% 2nd half 2025. Tiff already knows it! Don't be fooled folks.
“The underlying reason I’m asking this question is my mortgage is coming up for renewal”
Don't buy what you can't afford. 0% interest rates is a fairy tale that can't last forever.
The process takes years if inflation went high. So to speed it up, you need deflation. Simple. But no cuts in 2024. Look at gas prices.
I'm able to cash advance with a credit card at 2% rate for 8 months. This environment is anything but restrictive.
5 percent is not high.
follow the science
deficit spending = inflation
As soon as they cut. They increase money supply. That’s means more inflation. Ie. higher food prices, clothing, etc. all the necessities. Prices are already too high. That will just push them higher.
DONT TRUST THIS GUY, HE LIED ONCE HE WILL CONTINUE LIEING.
After everybody has lost their shirt and they get to re possess all the homes to double down on their investments from all the high profit loans.
keep the rates high for 2 more years
5% is "high"?
So basically 1/2 year to a year of more pain.
Great for savings. Simplii offering 6%
They are waiting for the pipeline to flow so they get More cash and more investment to be able to drop rates.
Mortgage Interest rate is the biggest contributing factor to cpi
correct. hes the only cause to remaining inflation
Rates have been steady for quite some time now.
HaHa all the drunken sailors who loaded up on free $$$$$
are sqealing
LMFAO
Time to pay the piper
All are crisis in Canada
Current Situation forgets about economy. Does war help economy ?
You not seeing anything . Trust me .
He’s the real life Mr.Scrooge.
5% is not high at all. This is a joke. Buddy should raise rates.
Interest rates are too low should be at 9.9% for house and 15 for everything elss 24.95 for credit cards
I'm guessing mom isn't charging you rent?
Rents high because we've had 0% interest for a decade
@@gorgeousgeorge5173I'm guessing that you have a lot of debt
Interest rate going higher rent are gone up . Can't afford basement . Everything gone up impossible in Canada living . Please 🙏 helps Canadian families .
Inflation is jacking up very very soon even though u don’t cut rates
if in doubt about economics, ask the most clueless guy other than Trudeau, that would be Tiff Maklen,, economics major from a cracker jacks box