INTEREST RATES | Tiff Macklem asked when Bank of Canada will start cutting rates

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Liberal MP Yvan Baker asked Tiff Macklem when the Bank of Canada is preparing to start lowering interest rates.
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Опубликовано:

7 июн 2024

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Комментарии : 105

@levnazarov Месяц назад

The answer is simple - when the government stops overspending. Any day now.

@ransom182 Месяц назад

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?

@KennethYimHomes Месяц назад

@@ransom182carbon tax though…

@timmymiron2727 Месяц назад

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.

@CryptoActivator Месяц назад

The better question is when will Trudeau stop inflating the money supply?

@RicAr-ml8nu Месяц назад

Never. He is a theater assistant teacher. Not qualified to make any kind of financial decision.

@user-ne3dv7rl3p Месяц назад

Cut the carbon tax so that we can afford food.

@peej91 Месяц назад

Straight from the horses mouth. Projecting several months of inflation at 3 percent. Sounds like no cuts till the end of the year!

@24theMoney Месяц назад

3% is the scrubbed rate. The real rate of inflation is double that if calculated like they did in the 80's.

@peej91 Месяц назад

@@24theMoney yup the basket of goods is way higher

@KennethYimHomes Месяц назад

Who is that horse that has a crystal ball?

@grahamegreen4555 Месяц назад

and the budget will balance themselves

@brixy4983 Месяц назад

Start with lower federal government hand outs which equals to lower inflation and lower interest rates

@24theMoney Месяц назад

Cut interest rates before the USA, and CAD dollar loses purchasing power = high consumer prices in Canada. Raise the rate buddy.

@maxcloutier5285 Месяц назад

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.

@karenacton3854 Месяц назад

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.

@ThamilNesan Месяц назад

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😂

@georgesimon6041 Месяц назад

Keep printing money and the answer is NEVER.

@24theMoney Месяц назад

The Fed budget is pouring gas on the inflation fire.

@user-of9iu8jv5p Месяц назад

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

@user-rp9my9ki1n Месяц назад

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"....

@dalegribble60 Месяц назад

So basically no time soon. Wonder if Macklem has a mortgage or cottage? Rates don't affect the wealthy!

@spacelabgames Месяц назад

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.

@dalegribble60 Месяц назад

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.

@jmjm1992 Месяц назад

Its not when the interest rates coming down .the question is when home prices are ever going to go down .

@Trohawkk Месяц назад

When everyone defaults on their mortgages. They'll take whatever offer they can

@Clayredactedwtfovr Месяц назад

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.

@zomgoose Месяц назад

The Central Banks job is price stability not to accommodate housing speculators. Rates should be higher.

@24theMoney Месяц назад

Stagflation is here to stay egghead.

@Barr894 Месяц назад

They will start cutting as soon as they decide to replace the Canadian dollar with the Canadian Peso.

@ep4115 Месяц назад

Interest rates coming down will not bring down home prices...how are they going to fix that reality?

@jptrainor Месяц назад

In the seventies it came in three waves, culminating in the 1983 peak. If that repeats then we're just past wave one.

@lordalmightyjr Месяц назад

Where’s the full video of this

@sonnyyeung6060 Месяц назад

June OR July cut? In 2019, BoC rate was 1.75% vs 5% present…

@jeffreyl2598 Месяц назад

Next year

@jptrainor Месяц назад

Prolonged negative real return is the only thing that brings debt/gdp back to a reasonable level. More is coming. IMO.

@jmjm1992 Месяц назад

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.

@joedasilva5556 Месяц назад

To bad he doesn’t know his job

@RC-fh2lk Месяц назад

Stop the press conferences and just make policy.

@trip7779 Месяц назад

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!

@MiniatureMasterClass Месяц назад

Why would he cut them when Canadian banks are making record profits and he is a millionaire?

@vert911 Месяц назад

thats not how that works. they make more if he cuts rates

@rickystarduster Месяц назад

@@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.

@yanshein4042 Месяц назад

Agree, banks make more money when rates are low. When rates are low, everyone takes out loans and that’s when they make more.

@joedasilva5556 Месяц назад

This clown said interest rates going to be low for years & years any other place he’d be fired & out the door

@jumbome7420 Месяц назад

He already said no cuts until 2025

@vert911 Месяц назад

really? where??

@user-lb8bg6kj9m Месяц назад

Why would anyone believe a word he says. He's clueless.

@jumbome7420 Месяц назад

@@vert911 in his own press conference

@user-zd5uz1gh9q Месяц назад

THEY CARE NOT WHATSOEVER ABOUT CANADIANS.

@ktefccre Месяц назад

Thanks for sharing

@courtneybrown8155 Месяц назад

Don't cut rates

@coreyvanular6195 Месяц назад

Shrinking Gasoline prices can be done overnight which would help inflation.. just saying

@theowoytowich9959 Месяц назад

Cut the 17 cents of carbon tax

@timedmonds3 22 дня назад

VOTE the LIBERALs in again CANADA you deserve it

@jmjm1992 26 дней назад

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.

@dsbarclayeng1 Месяц назад

Tinkering with small changes in interest rates will NOT solve our Housing or Health Care crises at all.

@RicAr-ml8nu Месяц назад

Rates should increase. Keep tgem high untill all homes prices go down 45%.

@joshualamoureux2520 Месяц назад

“The underlying reason I’m asking this question is my mortgage is coming up for renewal”

@24theMoney Месяц назад

Don't buy what you can't afford. 0% interest rates is a fairy tale that can't last forever.

@lominiski Месяц назад

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.

@mth469 Месяц назад

Tiff macklem = disaster

@24theMoney Месяц назад

I'm able to cash advance with a credit card at 2% rate for 8 months. This environment is anything but restrictive.

@Barr894 Месяц назад

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.

@shakyjake2133 Месяц назад

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.

@user77654 Месяц назад

So basically 1/2 year to a year of more pain.

@24theMoney Месяц назад

Great for savings. Simplii offering 6%

@courtneybrown8155 Месяц назад

5 percent is not high.

@andrewryba7864 Месяц назад

keep the rates high for 2 more years

@user-rp9my9ki1n Месяц назад

5% is "high"?

@maxamillion8384 Месяц назад

follow the science deficit spending = inflation

@rc-kv4qo Месяц назад

They are waiting for the pipeline to flow so they get More cash and more investment to be able to drop rates.

@tracywatts1459 Месяц назад

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.

@ricardoli123 Месяц назад

DONT TRUST THIS GUY, HE LIED ONCE HE WILL CONTINUE LIEING.

@syedaliabidi1346 Месяц назад

Mortgage Interest rate is the biggest contributing factor to cpi

@vert911 Месяц назад

correct. hes the only cause to remaining inflation

@zomgoose Месяц назад

Rates have been steady for quite some time now.

@maxamillion8384 Месяц назад

HaHa all the drunken sailors who loaded up on free $$$$$ are sqealing LMFAO

@24theMoney Месяц назад

Time to pay the piper

@24theMoney Месяц назад

5% is not high at all. This is a joke. Buddy should raise rates.

@user-yd6sj3pe4j Месяц назад

All are crisis in Canada Current Situation forgets about economy. Does war help economy ? You not seeing anything . Trust me .

@kmacneil7251 Месяц назад

He’s the real life Mr.Scrooge.

@nightfly1985 Месяц назад

Interest rates are too low should be at 9.9% for house and 15 for everything elss 24.95 for credit cards

@gorgeousgeorge5173 Месяц назад

I'm guessing mom isn't charging you rent?

@brodieobrien-pickering2202 Месяц назад

Rents high because we've had 0% interest for a decade

@zomgoose Месяц назад

@@gorgeousgeorge5173I'm guessing that you have a lot of debt

@rktvjunaid4743 Месяц назад

Interest rate going higher rent are gone up . Can't afford basement . Everything gone up impossible in Canada living . Please 🙏 helps Canadian families .