So the liberals will never give you a straight answer so Pierre is squeezing the answer out of them and all of a sudden it's badgering the witness. These liberals are despicable
3 years after this video went online, Alberta along with dozens of companies in the oil and gas sector are launching the long discussed, and planned H2 initiative. It's still uncertain where all of this is going, but that doesn't take away from the fact that Canada is still importing millions of barrels of oil from the USA, Saudi Arabia, and West Africa. While it's true what Poilievre is saying that Canada imports oil from states run by dictators, the vast majority of it comes from the USA in the form of refined oil & gas products made from Canadian bitumen. Poilievre should speak more on this issue, instead of throwing out slogans like "dictator oil" (to win points against the Trudeau Liberals), because that's the small minority of it. The uncomfortable truth is that powerful US corporations control Canadian interests and pretty well dictate Canadian policy. This is what you'll never hear in the House of Commons in Ottawa, and for good reason. Anyone who openly opposes this USA, Canada arrangement can have serious political harm done them by powerful corporate entities (of which Carney is closely associated with).
If I am bank of canada, I never ever cut the rates this early. People like me eneded up with lots of benifit. Please god shake, dont cut and push up toward 8%. You guys gone lost all the young productive generation and it will be repalced by dogy black money poor life style immigartion. I really feel bad for canadian. But it is also your prine minister and bank of canada fault. They keep bringing over half million immigration with holding black money from India, china and phillipne through dogy education systems since so long. I am investor and since your prime minister gave statement that canada retain housing value and continue growing, I pulled out my 10 million from New zealsnd as housing dropped 23% as central bank hike the rates to 8%. But seems bank of canada been so slow and dont think so go to 8%. So all inestors thinking to put all multimillions in canada houses soon. It seems like the way prime minister and bank of csnada give us confidance to house value will be 2 million average by 2030 in canada. I feel so bad for native young canadian. I sold 20 houses last year snd all them recent new indian and chinese migrants who have black money from home country. You guys must stop immigration to country zero for 5 years. But you guys full of idiots. To late..i feel so sorry for you guys.
if there is any government that protects its people from the truth, it is the West. double standard is a feminine Genetic thing, deeper psychology tells this fact, so it goes to prove the otherwise of what the west and its ally's wants us to believe, that they are not weak. when the west talks about itself as being civilized, I don't understand what it means by so? how can the coercion of other nations, by Military treat in the 21st century, how can having military bases around the world, be termed civilized? the west and its ally's, like their forefathers that came to Africa and plundered it, have always believed and upheld the use of force over diplomacy for its gain. time was when you controlled history, time now that you don't, can you start to imagine what History would define the western leaders and its European counterparts of today? time was when the Roman empire, upon its atrocities, was viewed as strong and an ideal. but I can assure you that today, it's approaches is viewed as the most Barbaric and uncivilized. the world is gradually awakening to the FACTS. mark these words, "All western leaders and its European counterparts would be written on the wrong side of History. they would never be celebrated and I fear for their lineage too. the decisions of the west and its ally's, expressly shades light on the African proverb that "HE WHO THE GODS MUST PUNISH, THEY FIRST OF ALL MAKE HIM MAD" sums all the whys in their actions.
NO!!! you want the recession to re-balance the economy. make it more affordable for everyoneThe housing markets needs to go down further. I really don't know where these people's head are !!!
Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.
Its best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
Well, I chose Vivian Carol Gioia as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
No rate cut yet. Leave it alone until after the summer. It’s too soon to start lowering. Federal spending and “policies of depravation” i.e. higher Federal taxes are what’s crushing productivity and investment in 🇨🇦.
Banks are already punishing the savers just based on assumptions for years on cheap money and printed money. So you have people who have borrowed beyond their means! Why the rest of Canadians must suffer for their luxury cars and houses.?
It’s a simpleton perspective to only look at rates. What drives inflation? - yes rates are a big part of the story But… - so is immigration (at an all time high) - so does government spending (at an all time high) - so does trade and currency factors - so does productivity (all time low) - so does regulation (worst in the G7) The reality is all the commenters on this video have been “trained” to think rates and rates alone dictate direction. A 25 bps rate is nothing, until rates are cut by 150 bps the impact is very small - people forget - a 4% mortgage rate would be the highest rates since 2008, the current 6+% rates are the highest since 2000….no one is saying go back to 0% or 2% mortgages - magnitude of cuts and relative rates matter. We are at a 25 year high right now so long as we don’t whipsaw back to the 25 year low, so long as immigration comes down, so long as governments start to show austerity, so long as productivity starts to improve, etc … it’s complicated…
You mean all we have to do is have responsible forward thinking politicians who are thinking of the future prosperity of our country, rather than just being popular enough in the short term to get re-elected and collect their pensions. Haven't seen that since I was a child, and I'm in my 60s
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
I remember shit maklem assuring to decelarate rates when a gradual reduction for few months becomes evident and that has been consistently happening for few months now. Everybody knows inflation has jacked up to 8 percent in the very month russian oil and gas embargo was imposed. Else inflation was hovering around 4 percent in january 2022. So technically we got screwed by american policy and not by printing covid money. Now for all those red nikkas commenting here for 2% inflation to hit are the very bastards whom mortgages are already paid, cars are paid and their generations are living comfotably. All like me who have jist started canadian dream and have invested heavily in this country are really suffering.
Why is this video showing up on my feed now, 3 years later? 1. MARK CARNEY, the anti- DRILLING IN CANADA POS is vying for TURD's job. 2. CANADA's inflation and growing poverty is mainly due to ELITIST TYRANTS not drilling within our own country. 3. POILIEVRE will kick the LIBERALS BUTT in the next election!!
Looney tunes, the world , She's a round, no , she's a flat, she's a round, she's a flat, no one knows what is happening, only that they are trying to rope in more interest from mortgages
*USUAL LYINGWESTERNTRASH VOMITED AND DROOLED AND FROTHED BY THE USUAL DROOLING LYINGWESTERNTRASH.* As recent as a dozen years ago I would’ve accepted what I heard from the “western free press” about “north korean/iranian propaganda lies” but today I’d believe anything coming out of North Korea before I’d believe anything coming from the 10,000% lying western “media” trash.
Can you guys speak with someone that doesn't have a financial incentive for rate cuts to happen? Would be nice to get an unbiased response. If mortgage rates come down people will have more to spend and what will they spend it on? Housing. Hence more inflation. Until the expectation that prices are going to keep going up is not vanquished mortgage rates are not going to go down. The most important thing about an economy is predictability and nothing about predictability is more important than the expectation of long term 2% inflation. 2% is a random number some guy from New Zealand come up with but it is an important number because we all believe it as an important number.
Guys like this clown don't realize there is this thing called the Internet. Alomst 60% of Canada's GDP is from government spending. Print more currency, devalued the Canadian $ even more. We have 2.5 cents of buying power left in every dollar. But i am sure everything will be fine.
How exactly are BoC rate cuts going to help fixed rate borrowers that are renewing? Unless the people renewing their fixed rate mortgages switch to variable, they're at the mercy of what bond yields are doing, primarily the USD 5-year. I think Canadian mortgage renewals are in deep trouble regardless what the BoC decides to do this year/next year.
@@samaursa what percentage of fixed rate mortgages are 2-3 year terms though? I thought most fixed rate mortgages were 5 years in Canada? maybe I'm wrong. 🤔
@@stynger007 Hmm, I'd be interested to see if there's a percent breakdown of what term lengths people are picking. I haven't seen that data before though.
Inflation in Toronto Real Estate has been running at 13 percent per year when it should have been 3 percent per year . Why was nothing done to curtail this inflation?
I wonder what did he smoked before the interview with such housing bubbles plus high inflation all this problems was caused by low interest rate environment for more than a decade..is a cycle and borrowing has a cost smart man!
Do you really think that BOC will cut rates this month to low😅? A cut of 25 basis point will do nothing. What matters is BOC’s attitude. If they say that they are ready to increase if inflation goes up then 25 basis point will do nothing.
The banks are preying for rate cuts because they are going to have to start taking huge losses and a smaller bank like desjardins or Laurentian could implode if they dont get the rate cuts they are looking for because the bad loans are coming home too roost
Let’s see what happens when they cut rates and inflation comes roaring back. What is the bank of Canada going to look like then. Can anyone say “transitory”. That didn’t age well.
I think they have learned their lesson not to lower rates to quickly because its not the first time these idiots have done that. If these bastards were smart they would increase rates and the government clowns should deport about 3 million immigrants.
Oh my god not Royce. So inflation almost got to 10 percent and they just got off the couch to hike rates. We have not even seen 2% yet and we are jamming cuts. These bank economists are sickening. This is absolutely disgusting. .
@@Iliinois18 because we have not reached the target and stayed there yet. People that don’t have mortgages don’t care about people with mortgages. Everyone has to by near and bread. You don’t have to have a mortgage. When the inflation was already at 9% they still were buying bonds and not cutting. That was 2 years in. Let’s see inflation get to 2% for 2 years and then we can cut rates. If they cut now and inflation accelerates 5% overnight will be the floor. Let’s try 8-10% on for size and see how much people can afford their mortgage. That’s the risk.
