BREAKING: Bank of Canada cuts key rate for first time in more than 4 years

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The Bank of Canada has cut its key lending rate. CCPA economist David Macdonald reacts to the decision and what happens next.
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Опубликовано:

10 сен 2024

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Комментарии : 87

@samma3710 3 месяца назад

Well, my money depreciates and house pricing is going up, time to leave this stupid country.

@jody-ne7xs 3 месяца назад

Smart choice!

@AmanSS890 3 месяца назад

Mean while the house price is going up and my money is going down way would anyone want to live in Canada everything is so over priced ……. Looking at other options

@teamlenh3823 3 месяца назад

What’ are some options ?

@kathyhermanson7168 3 месяца назад

I prefer the country demanding the arrest, removal, and getting rid of the source of the problem in Ottawa.

@raypara4036 3 месяца назад

Lol remember Trudeau want to tax the ones who leave lol

@coreyvanular6195 3 месяца назад

Our dollar is tanking

@Roof_Pizza 3 месяца назад

Yeah, it's down a penny in 5 years. Oh no.

@jody-ne7xs 3 месяца назад

@@Roof_Pizzalook at the last 9 years. 🤣🤣🤣🤣 what a decline in purchasing power. Canada's third world.

@hydromic2518 3 месяца назад

@@jody-ne7xscompare the dollar to Argentina’s peso and things aren’t that bad

@joebutler5389 3 месяца назад

That's nothing

@georgesimon6041 3 месяца назад

Awesome a worthless dollar and increased inflation. Great day to be Canadian.

@TenLetterMFG 3 месяца назад

Hmm, I'm going to need a green card. Are any American ladies out there interested in marrying a creative Canadian tradesmen?

@AStri-zg5xc 3 месяца назад

Lol....😂 I'd like to see who responds to this 😂

@TenLetterMFG 3 месяца назад

@AStri-zg5xc me too! It seems like a safer bet than investing in the housing market here right now 😆

@mr8966 3 месяца назад

Not breaking, it’s broken.

@thebroketraveller9601 3 месяца назад

Canada was so much better before Trudeau in 2015, I still remember back when Harper had the dollar even/more than the American before

@doinitforfun888 3 месяца назад

What happened to the 2% target inflation rate. It doesn't make sense with now the market could possibly see a mini boom in the real estate market.

@Rickristian 3 месяца назад

That will lower canadian dollar value to .58 cents by 2026

@jody-ne7xs 3 месяца назад

100%

@AStri-zg5xc 3 месяца назад

How the eff do you figure that?

@hydromic2518 3 месяца назад

Explain

@clover12oli 3 месяца назад

This is dumb… unless there’s a recession on the way. They always cut rates *right* before a recession.

@AStri-zg5xc 3 месяца назад

On it's way? Are you new here?

@dogoftheg 3 месяца назад

I’d check to see if Tiff Macklem just received a new Bugatti, or vacation home in the Caribbean.

@truthseeker-xb5sv 3 месяца назад

lol They know this GOVT is done.They dancing to the ORCHESTRA

@user-xg8ut5kh9j 3 месяца назад

Thank goodness the Govern-MENTALS are done!

@shakyjake2133 3 месяца назад

Here we go. Canadian dollar tanking hard. Nicely done.

@JasonScott604 3 месяца назад

Wow that fixes everything 🤡

@user-xg8ut5kh9j 3 месяца назад

About time but it's not enough...criminals!

@AStri-zg5xc 3 месяца назад

Oh whoopee. 🙄 A .25%.......here's your bone, Canada.

@Glory-to-God. 3 месяца назад

Housing market is gonna hit new high this summer. Everyone is happy now😊

@joebutler5389 3 месяца назад

That's a trick from the wacko

@InterestbearingCBDC 3 месяца назад

Dirty little scoundrels. I want my interest-bearing central bank digital currency.

@ArenAurelius 3 месяца назад

You don't have to be an economist to know that the Chronic Inflation is not going away. Ask Canadians.

@tiyailaC 3 месяца назад

Christ Jesus is coming back soon folks. May we all repent and live fir him before its to late⏳️✝️

@-RockOn- 3 месяца назад

Yes .25 rate cut is going to make is all soooo rich. I mean mortgages will be flying through the doors, now that the rate got cut by .25

@MikeyPaper 3 месяца назад

It certainly will! JUST WAIT!! HAHAHAHA

@-RockOn- 3 месяца назад

@@MikeyPaper For any body that had a 1 million dollar mortgage. That is a $208 saving for the month. That is IF they are on a Variable rate. For a Buyer that rate cut would qualify them for an additional $10000 purchase price. For a couple it would be $20000.

@AStri-zg5xc 3 месяца назад

😅 ikr? It's laughable 😂

@AStri-zg5xc 3 месяца назад

@@-RockOn-based on what? How much of a down payment was made on that million dollar loan? How much equity is now involved in the loan/property? This seems a very broad statement to make with no figures to support it.

@anju2000able 3 месяца назад

😅😊

@milansuvajac4476 3 месяца назад

In essence, the suggestion with this decision is that we should increase spending, which will ultimately lead to inflation. Just so you know, inflation has never decreased to the target level. The economy has been performing quite strongly with the 5% interest rate. Therefore, I am firmly convinced that this decision is a step in the wrong direction, as it will likely lead to price increases, particularly in the housing industry. Canada is no longer serving the needs of middle class Canadians.

@nonasmith2405 3 месяца назад

I wonder how that's going to work

@jody-ne7xs 3 месяца назад

More inflation.

@redstone5062 3 месяца назад

$50 watermelons on their way 😮

@ValFolarin 3 месяца назад

Canadians over 50 should be living in Saskatchewan

@moise7648 3 месяца назад

Why?

@jksouthern 3 месяца назад

Over 50 and seniors in canada are being intentionally wiped off face off the earth by Dildeau and Singh and Freelump.

@AStri-zg5xc 3 месяца назад

Lol...I don't think so Stalin 😂

@Crocfull 3 месяца назад

Why?

@samma3710 3 месяца назад

very bad decision!!!

@weederminb7091 3 месяца назад

You notice how they don’t say fix rate or variable rate hahahah all a joke truly a game.

@user-vd2gu7ez6q 3 месяца назад

This proves government and bank are pulling at strings! Scarey stuff!

@andyvecchiarelli2998 3 месяца назад

should be 6.0

@McLovin1759 3 месяца назад

Excellent news. Have to assume that conservatives and liberals would at least agree that this is a positive development.

@jody-ne7xs 3 месяца назад

For some. Wouldn't call it excellent news. Excellent news would be our GDP going up. Thats not happening. Your celebrating stagflation.

@lokesh303101 3 месяца назад

Solves Canada's 🇨🇦 Liquidity Crisis.

@adamlaframboise6796 3 месяца назад

And.. the Tax Payer Pays.

@RedBart 3 месяца назад

FINALLY! Can't afford my own home. Need more cuts.

@zachweyrauch2988 3 месяца назад

Love it. Status quo capitalism. Economy at all costs.

@MikeyPaper 3 месяца назад

HOLY CRAP! THEY DID IT!!!!!

@JessT-vg7ib 3 месяца назад

I hope our dollar devalues. We need to boost exports.

@martinfriesen2247 3 месяца назад

To make housing affordable do we not need house prices to collapse ?

@zachweyrauch2988 3 месяца назад

We probably don't need it. Though it might be a consequence of whatever we try to do

@georgesimon6041 3 месяца назад

@@zachweyrauch2988 There is no "we". This is totally the result of failed Liebral policy.

@zachweyrauch2988 3 месяца назад

@@georgesimon6041grow up

@gagandhaliwal9391 3 месяца назад

Housing prices are never coming down bud. 😂😂😂

@georgesimon6041 3 месяца назад

@@zachweyrauch2988 Awe, facts hurt your feelings, cope.

@michaelanderson3096 3 месяца назад

Right to Work legislation should be implemented in the Province of Ontario - around 75000 manufacturing jobs + around 15 billion in new GDP. Plus, universal tariffs should also be in place in the Province in Ontario.

@zachweyrauch2988 3 месяца назад

Protect the movement of property and goods but not workers. Let the wealthy abuse who they please in they hopes they abuse more.

@AStri-zg5xc 3 месяца назад

Yes...CANADIANS should have the Right to work. The important word here being CANADIANS.