BoC changes tune as consumers show they're hurting

6 quarters of decreased gdp per capita. Immigration is hiding our decreased production.

I think B T C and E T H are more likely to retest the resistance and then go down. But as always, things are changing day by day and all we can do is trade responsibly, monitor the markets and reevaluate our strategies often. I want to thank Teddy Alfred for being my source of crypto education as I comfortably made 12.4 BTC.

Canadians are in debt up to their eyeballs.... lowering rates will only further debase the currency into resurgent inflation.

its crazy that we only do 5 year mortgages. When in the US and most other countries allow fully fixed 30 year mortgages

Why do I think these cuts are being made to help the government look better before the next election. Recession? Look around, looks more like a depression. I bet the unemployment numbers are even higher for young Canadians. Most of them that are lucky to have a job are only working part-time.

I don't find inflation drops at all, everything is still very expensive.

Too little too late…

1:05 - "We were pleasantly surprised on how dovish they sounded" A neutral strategist wouldn't be "pleasantly" surprised on how dovish or bearish the BoC sounded. No one has been pushing for rate cuts on BNN more than Royce Mendes and Desjardins. They're one of the few hoping for 2.5% rate by end of 2025.

Keep the booze flowing boys. We’ll worry about the hangover and alcohol poisoning later

Lol except all those layoffs in Telecom and other areas, I guess those thousands of jobs are not real jobs?

The problem: our dollar has been devalued each year since 1971 when the then President of the USA, Nixon, severed the link between the dollar (USD) and gold. Both the US and Canadian governments since then have been spending deficits. Today a dollar is worth about three cents compared with the 1971 dollar, a factor of thirty times. So, we are buying anything with devalued dollars. That explains why a little bungalow near Montreal could be bought for $10,000.00? in 1971 but today would sell for thirty times that, or $300,000.00 !! or, thirty times. Salaries have lagged hopelessly. We replace all that loss with debt. Now, can someone comment please?

The BoC needs to prioritize businesses that are willing to invest in productive technology that must be imported. We need a strong dollar as Canada can't compete on the basis of cheap labour even with a weak currency.

Interest rate needs to stay where it is. What needs to fall are the high RE prices. Bat shit CRAZY!! Those who made those BAD decisions and purchase homes they cannot afford. They need to feel the pain, learn from their mistake and dont do it again. Bailing them out, they will do it again!

Rate cuts down to 2.5 means a hard landing aka severe recession

I work in construction and can see a lot of projects are on hold. Industrie is slow. If construction stops guess what will happen. Suppliers and every business around will start having problems,just like Australia.

Better hope the US is on the same tradactory or your plan will not happen!😮

We are already in a recession

Why are we letting so many TFW if our kids can’t find jobs? It does not make sense

There is a large amount and incompetence in Ottawa both in Parliament and the BoC. No confidence in this economy at all.

We are hurting for a while but nobody seemed to care. Wondering what changed their minds.