June is still too early for the first rate cut: Scotiabank 

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.

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

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

By design seemingly.

Sounds like someone bought a home they couldn’t afford, at a variable rate.

What burning hot economy? Gdp is in the gutter

Burning hot economy? Unemployment is over 6% and productivity is way down. Dont confuse inflation for growth. GDP per capital has been negative for almost 2 years. The only reason GDP has been borderline positive has been immigration. Without it, this ‘burning hot economy’ would already have been in a lengthy recession.

Inflation is still positive, meaning prices are still going up, just at a slower rate (2.7%). Target inflation rate should always be a small but positive number to promote current day spending to stimulate the economy, otherwise people would just hold on to their money and delay spending to get a better deal that is always ‘ tomorrow’ rather than ‘today’. Ultimately, what i am trying to say is the BoC isnt looking to make things less expensive, they are trying to control the rate at which they increase to a level that in manageable

Negative housing prices cannot go down yet. The real issue to grapple a lot of people aren’t understanding is productivity. First off interest comes down the realitors of Canada and CMA,CRA all project housing prices to GO UP roughly 10-15% and we are predicting housing to go up roughly 60% over the next 5-8 years. So if you can’t afford a house a big drop in interest right now will absolutely make you never afford a house again and potentially make Canada a rental nation people forget 33% of homes since 2021/2022 were Coporate/Private business buyers. Look at BlackRock in the US buying everything. We have land magically catching on fire so we can rezone it. The click there is a lot of people are sitting on money and will spend when rates drop to make their move. The real issue is productivity, housing is housing and a price drop in housing would mean 66% of the country lost tens of thousands on their investments which can’t happen. Now productivity is the key issue, it’s costing us MORE to produce the same amount of goods as it takes us longer. Which keeps goods priced higher. What we really need is federal documentation to stop price gouging. The other issue is due to the simple fact Canadians are sitting at home on the system skilled Canadians who resigned during covid due to pay. As it didn’t make sense to have a trade go to school for 10 years and your only making 10-20 more then a teenager working at Tim Hortons and that’s another social issue is Canadians settling in entry level jobs made for teenagers and they expect to have a house and car that’s unreasonable and lazy thinking as no one wants to better their position everyone wants a hand out. We give grants and pay for training of “under represented” groups which makes business want to hire immigrants as it’s cheaper. This all paved the way for massive investments in A.I and Robotics to replace Canadians in factory settings as we have now without a doubt become inefficient. Really the best fix going forward would be to end EI implement UBI and tackle the price of goods. This would stimulate the economy and now there is no other way to get money other then working. Everyone gets your UBI(CERb was a trial) thus pays for your food. You still have to work and find your own way to pay for housing. Which is fair we aren’t giving everyone hand outs because we’ll look where we are. Productivity is the big one holding us back.

you are clearly don t understand the basic knowledge of economy.

@@toantang5483 i really doubt u do

Inflation is not high at all....Shelter inflation, insurance is what keeping inflation over 1.5 %

Yup. Seasonal pt 🤪

Not to mention the auto sector has laid off 5,000 workers for 2 years. Spinoff jobs are seven to every one job. So 40,000 jobs lost potentially .

26 000 of full time were public service jobs...Makes me think these people comment just for commenting...

@@MM-xg2td do public jobs really indicate economy is doing well?

@@Mehmed317 No it does not...A good economy would be creation of thousands of jobs in the private sector.

Nothing will increase rapidly with 0.25% cut

Raise for what?

I don't think a hold is needed. But I think no cuts until 2025 would benefit canada in the long run.

Wow that's huge, how do you make that much monthly? I'm 37 and have been looking for ways to be successful, please how??

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

She's a licensed broker here in the states.

😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.

Yep

Desperation in Canada usually comes with the dawn out of nowhere.